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1331 Columbine St 9 Unit Apartment Building $1,978,391 CAD ($219,821 CAD/Unit) 6.10% Cap Rate Denver, CO 80206
Investment Highlights
- $120k Price Reduction!
- Excellent Location Near Cheesman and Congress Parks
- (11) Off-Street Parking Spaces Provide Additional Income
- Beautifully Renovated, Turn-Key Asset w/ Newer: Kitchens, Bathrooms, Floors, Electrical, Plumbing, Windows, Roof, Parking Lot, Boiler & Water Heaters
- 6.84% Proforma CAP Rate
- Bike Storage and On-Site Laundry
Executive Summary
PRICE REDUCED! 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 |
$174,585
|
$37.52
|
| Other Income |
$9,949
|
$2.14
|
| Vacancy Loss |
$5,535
|
$1.19
|
| Effective Gross Income |
$178,999
|
$38.47
|
| Taxes |
$8,843
|
$1.90
|
| Operating Expenses |
$49,478
|
$10.63
|
| Total Expenses |
$58,321
|
$12.53
|
| Net Operating Income |
$120,678
|
$25.94
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $174,585 |
| Annual Per SF | $37.52 |
| Other Income (CAD) | |
|---|---|
| Annual | $9,949 |
| Annual Per SF | $2.14 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $5,535 |
| Annual Per SF | $1.19 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $178,999 |
| Annual Per SF | $38.47 |
| Taxes (CAD) | |
|---|---|
| Annual | $8,843 |
| Annual Per SF | $1.90 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $49,478 |
| Annual Per SF | $10.63 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $58,321 |
| Annual Per SF | $12.53 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $120,678 |
| Annual Per SF | $25.94 |
Property Facts
| Price | $1,978,391 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $219,821 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.10% | 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 | $1,978,391 CAD |
| Price Per Unit | $219,821 CAD |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| 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 | $1,382 CAD | 280 |
| 1+1 | 7 | $1,594 CAD | 434 |
| 2+1 | 1 | $2,006 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 | $115,132 CAD (2025) |
| Land Assessment | $43,324 CAD (2025) | Annual Taxes | $8,843 CAD ($1.67 CAD/SF) |
| Improvements Assessment | $43,324 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
5012-13-014
Land Assessment
$43,324 CAD (2025)
Improvements Assessment
$43,324 CAD (2025)
Total Assessment
$115,132 CAD (2025)
Annual Taxes
$8,843 CAD ($1.67 CAD/SF)
Tax Year
2026
Contacts
-
Josh Newell -
Lindsey Santaularia -
Spencer Pierpont -
Pinnacle Real Estate Advisors
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1331 Columbine St
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