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2105 E 16th Ave 6 Unit Apartment Building $1,228,351 CAD ($204,725 CAD/Unit) 6.70% Cap Rate Denver, CO 80206
Investment Highlights
- Sub $900k for 6 units in a premium neighborhood
- Vinyl windows and on-site laundry
- Highly walkable and bikeable location with easy access to East Colfax dining, nightlife, and retail
- All new electrical completed approximately 15 years ago
- Separately metered electric reduces owner utility exposure
Executive Summary
2105 E 16th Avenue is a charming 6-unit brick multifamily building located in Denver’s highly desirable City Park West neighborhood. Built in 1893 and zoned G-RO-3, the property consists of (3) studio units and (3) 1bed/1bath units, offering a straightforward mix well-suited to the core Denver urban renter. City Park West is one of Denver’s most walkable and bikeable neighborhoods, positioned just a few blocks from City Park, the Denver Zoo, and the Denver Museum of Nature and Science. Presbyterian St. Luke’s Medical Center sits just 0.6 miles away, and East Colfax Avenue’s restaurants, bars, and nightlife are steps from the front door, giving tenants an A+ urban lifestyle at an accessible price point.
The property is currently 100% occupied and has benefited from consistent capital investment over the years, including all new electrical completed approximately 15 years ago, vinyl windows 5 years ago, new water heater in 2025, and on-site laundry. Separately metered electric reduces owner utility exposure and simplifies operations. With current rents modestly below market, a buyer can expect meaningful upside through natural lease-up turnover without the need for significant capital outlay.
The property is currently 100% occupied and has benefited from consistent capital investment over the years, including all new electrical completed approximately 15 years ago, vinyl windows 5 years ago, new water heater in 2025, and on-site laundry. Separately metered electric reduces owner utility exposure and simplifies operations. With current rents modestly below market, a buyer can expect meaningful upside through natural lease-up turnover without the need for significant capital outlay.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$116,641
|
$33.37
|
| Other Income |
$8,794
|
$2.52
|
| Vacancy Loss |
$5,832
|
$1.67
|
| Effective Gross Income |
$119,604
|
$34.22
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$37,290
|
$10.67
|
| Net Operating Income |
$82,314
|
$23.55
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $116,641 |
| Annual Per SF | $33.37 |
| Other Income (CAD) | |
|---|---|
| Annual | $8,794 |
| Annual Per SF | $2.52 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $5,832 |
| Annual Per SF | $1.67 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $119,604 |
| Annual Per SF | $34.22 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $37,290 |
| Annual Per SF | $10.67 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $82,314 |
| Annual Per SF | $23.55 |
Property Facts
| Price | $1,228,351 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $204,725 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 6.70% | Building Size | 3,495 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1893 |
| Zoning | G-RO-3 | ||
| Price | $1,228,351 CAD |
| Price Per Unit | $204,725 CAD |
| Sale Type | Investment |
| Cap Rate | 6.70% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 3,495 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1893 |
| Zoning | G-RO-3 |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | 375 |
| 1+1 | 3 | - | 533 |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
60/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 2355-28-012 | Improvements Assessment | $31,059 CAD (2025) |
| Land Assessment | $31,059 CAD (2025) | Total Assessment | $81,811 CAD (2025) |
Property Taxes
Parcel Number
2355-28-012
Land Assessment
$31,059 CAD (2025)
Improvements Assessment
$31,059 CAD (2025)
Total Assessment
$81,811 CAD (2025)
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2105 E 16th Ave
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