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1537 Pearl St 6 Unit Apartment Building $1,471,081 CAD ($245,180 CAD/Unit) 6.42% Cap Rate Denver, CO 80203
Investment Highlights
- On-site laundry
- Off-street parking
- Located in the desirable Capitol Hill neighborhood
- Two income-producing garages
- Tenant storage space
Executive Summary
1537 N Pearl St. is a premier investment opportunity situated edge of Denver’s highly desirable Capitol Hill neighborhood. Ideally located just blocks from downtown and the vibrant Colfax and Uptown corridors, this property benefits from a high-density area with consistent rental demand and exceptional walkability. Its location in one of Denver’s most historic and sought-after districts ensures long-term appreciation and a steady stream of prospective tenants.
The property is well-equipped with essential amenities that maximize its income potential, including on-site laundry and dedicated tenant storage space. Most notably, the asset features off-street parking and two income-producing garages, providing a valuable secondary revenue stream in a neighborhood where parking is at a premium. This combination of functional upgrades and a prime location make 1537 N Pearl St. a solid, well-rounded addition to any real estate portfolio.
The property is well-equipped with essential amenities that maximize its income potential, including on-site laundry and dedicated tenant storage space. Most notably, the asset features off-street parking and two income-producing garages, providing a valuable secondary revenue stream in a neighborhood where parking is at a premium. This combination of functional upgrades and a prime location make 1537 N Pearl St. a solid, well-rounded addition to any real estate portfolio.
Property Facts
| Price | $1,471,081 CAD | Building Class | C |
| Price Per Unit | $245,180 CAD | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 3,456 SF |
| Cap Rate | 6.42% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Parking Ratio | 1.16/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | C-MX-8 - C-MX-8 | ||
| Price | $1,471,081 CAD |
| Price Per Unit | $245,180 CAD |
| Sale Type | Investment |
| Cap Rate | 6.42% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 3,456 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 1.16/1,000 SF |
| Zoning | C-MX-8 - C-MX-8 |
Amenities
Site Amenities
- Fenced Lot
- Laundry Facilities
- Vintage Building
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 400 |
| 1+1 | 3 | - | 650 |
| 2+1 | 1 | - | 750 |
| 3+1 | 1 | - | 900 |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2349-25-016 | Improvements Assessment | $92,302 CAD |
| Land Assessment | $92,302 CAD | Total Assessment | $92,400 CAD |
Property Taxes
Parcel Number
2349-25-016
Land Assessment
$92,302 CAD
Improvements Assessment
$92,302 CAD
Total Assessment
$92,400 CAD
Contacts
-
George Maldonado -
Kevin Calame -
Matthew Lewallen -
NorthPeak Commercial Advisors
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1537 Pearl St
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