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1721-1725 N High St 1725 N High St 4 Unit Apartment Building $2,419,375 CAD ($604,844 CAD/Unit) 6.84% Cap Rate Denver, CO 80218
INVESTMENT HIGHLIGHTS
- 100% Occupied Offering
- Desirable Urban Submarket (City Park West)
- $500,000 in Recent Capital Improvements
- 7.72% Cap Rate
EXECUTIVE SUMMARY
Compass Inc. (“Compass”) and Kenai Capital Advisors (“Kenai”), acting as exclusive advisors for the seller, are pleased to present to acquire the fee simple interest in 1721-1725 N High St, an 8,767 SF mixed-use multifamily and office property in Denver’s highly walkable and historic City Park West neighborhood.
1721-1725 N High St (the “Property”) presents a rare investment opportunity in a one-of-a-kind asset, with stable in-place income, limited downside and multiple easily achievable value-add strategies for prospective buyers. Originally constructed in 1894 on a 0.20-acre lot, the building has been updated for both commercial and residential use, with approximately $500K in capital improvements since 2022.
Zoned G-RO-3, the property allows for both multifamily and commercial uses. The office portion spans approximately two-thirds of the building and is leased to a therapy services provider through August 2029, currently achieving $8,500/month in rental revenue with 3% annual escalations. One residential unit, a 1,200 SF 2BR/1BA unit, achieves in-place revenue of $2,250/month. On top of the office space and 2BR/1BA unit generating $10,700/month, the remaining 4BR/1.5BA unit is owner-occupied and represents the opportunity to add further rental income or reposition the space for resale. For investors, the asset offers flexible exit optionality—whether by executing a lot split, converting units to pure residential, or repositioning for executive commercial offices—all within one of Denver’s most desirable urban neighborhoods.
1721-1725 N High St (the “Property”) presents a rare investment opportunity in a one-of-a-kind asset, with stable in-place income, limited downside and multiple easily achievable value-add strategies for prospective buyers. Originally constructed in 1894 on a 0.20-acre lot, the building has been updated for both commercial and residential use, with approximately $500K in capital improvements since 2022.
Zoned G-RO-3, the property allows for both multifamily and commercial uses. The office portion spans approximately two-thirds of the building and is leased to a therapy services provider through August 2029, currently achieving $8,500/month in rental revenue with 3% annual escalations. One residential unit, a 1,200 SF 2BR/1BA unit, achieves in-place revenue of $2,250/month. On top of the office space and 2BR/1BA unit generating $10,700/month, the remaining 4BR/1.5BA unit is owner-occupied and represents the opportunity to add further rental income or reposition the space for resale. For investors, the asset offers flexible exit optionality—whether by executing a lot split, converting units to pure residential, or repositioning for executive commercial offices—all within one of Denver’s most desirable urban neighborhoods.
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
PROPERTY FACTS
Walk Score®
Walker's Paradise (91)
Bike Score®
Biker's Paradise (98)
PROPERTY TAXES
| Parcel Number | 2355-18-024 | Improvements Assessment | $428,921 CAD |
| Land Assessment | $320,989 CAD | Total Assessment | $749,910 CAD |
PROPERTY TAXES
Parcel Number
2355-18-024
Land Assessment
$320,989 CAD
Improvements Assessment
$428,921 CAD
Total Assessment
$749,910 CAD
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1721-1725 N High St | 1725 N High St
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