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1331 Columbine St 9 Unit Apartment Building $2,183,159 CAD ($242,573 CAD/Unit) 6.16% Cap Rate Denver, CO 80206
Investment Highlights
- Beautifully Renovated, Turn-Key Asset w/ Newer: Kitchens, Bathrooms, Floors, Electrical, Plumbing, Windows, Roof, Parking Lot, Boiler & Water Heaters
- (11) Off-Street Parking Spaces Provide Additional Income
- Large Fenced Yard with Potential for Dog Run or other Community Use
- Excellent Location Near Cheesman and Congress Parks
- Bike Storage and On-Site Laundry
- Strong Neighborhood Demographics: Average Household Income of $126,907 within One Mile
Executive Summary
JUST LISTED! 9 Units in Congress Park. Beautifully Renovated, Turnkey Asset with Onsite Laundry, Bike Storage and 11 Off-Street Parking Spaces.
Data Room Click Here to Access
Financial Summary (Actual - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$195,834
|
$42.09
|
| Other Income |
$6,928
|
$1.49
|
| Vacancy Loss |
$6,083
|
$1.31
|
| Effective Gross Income |
$196,679
|
$42.27
|
| Taxes |
$9,003
|
$1.93
|
| Operating Expenses |
$53,203
|
$11.43
|
| Total Expenses |
$62,206
|
$13.37
|
| Net Operating Income |
$134,473
|
$28.90
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $195,834 |
| Annual Per SF | $42.09 |
| Other Income (CAD) | |
|---|---|
| Annual | $6,928 |
| Annual Per SF | $1.49 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $6,083 |
| Annual Per SF | $1.31 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $196,679 |
| Annual Per SF | $42.27 |
| Taxes (CAD) | |
|---|---|
| Annual | $9,003 |
| Annual Per SF | $1.93 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $53,203 |
| Annual Per SF | $11.43 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $62,206 |
| Annual Per SF | $13.37 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $134,473 |
| Annual Per SF | $28.90 |
Property Facts
| Price | $2,183,159 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $242,573 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.16% | Building Size | 5,288 SF |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1902 |
| Property Subtype | Apartment | Parking Ratio | 2.08/1,000 SF |
| Zoning | R3 | ||
| Price | $2,183,159 CAD |
| Price Per Unit | $242,573 CAD |
| Sale Type | Investment |
| Cap Rate | 6.16% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,288 SF |
| No. Stories | 3 |
| Year Built | 1902 |
| Parking Ratio | 2.08/1,000 SF |
| Zoning | R3 |
Amenities
- Smoke Detector
Unit Amenities
- Fireplace
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- Fenced Lot
- Laundry Facilities
- Bicycle Storage
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $8,138 CAD | 280 |
| 1+1 | 7 | $1,718 CAD | 434 |
| 2+1 | 1 | $2,817 CAD | 887 |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 5012-13-014 | Total Assessment | $118,349 CAD (2025) |
| Land Assessment | $44,535 CAD (2025) | Annual Taxes | $9,003 CAD ($1.70 CAD/SF) |
| Improvements Assessment | $44,535 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
5012-13-014
Land Assessment
$44,535 CAD (2025)
Improvements Assessment
$44,535 CAD (2025)
Total Assessment
$118,349 CAD (2025)
Annual Taxes
$9,003 CAD ($1.70 CAD/SF)
Tax Year
2026
Contacts
-
Josh Newell -
Lindsey Santaularia -
Annie Joseph -
Spencer Pierpont -
Pinnacle Real Estate Advisors
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1331 Columbine St
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