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2139-2151 Lafayette St 13 Unit Apartment Building $2,686,125 CAD ($206,625 CAD/Unit) 4.84% Cap Rate Denver, CO 80205
Investment Highlights
- Prime Whittier / Uptown Location
- Strong Denver Market Fundamentals & Area Growth
- Significant Upside to Market Rents
- Efficient, Low-Complexity Operations
Executive Summary
MMG Real Estate Advisors is pleased to present the opportunity to acquire 2139-2151 Lafayette Street, a 13-unit multifamily property located in Denver's sought-after Whittier neighborhood. Built in 1930, the asset sits on an established residential street with immediate walkable access to Uptown's restaurant row, Cheesman Park, and the 17th Avenue corridor. With rents in older Denver stock frequently running below current market, the property presents a clear value-add opportunity through targeted renovations and unit upgrades upon turnover. Denver continues to rank among the nation's top-performing multifamily markets, supported by population growth, a diversified employment base, and limited new supply in established infill neighborhoods — dynamics that have driven sustained rent appreciation across Whittier and Uptown. At 13 units, the property is optimally sized for lean, owner-friendly management: large enough to benefit from economies of scale, yet small enough to operate without dedicated on-site staff or complex infrastructure.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,686,125 CAD | Building Class | C |
| Price Per Unit | $206,625 CAD | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 7,100 SF |
| Cap Rate | 4.84% | Average Occupancy | 100% |
| No. Units | 13 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | Parking Ratio | 0.99/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-4 | ||
| Price | $2,686,125 CAD |
| Price Per Unit | $206,625 CAD |
| Sale Type | Investment |
| Cap Rate | 4.84% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 7,100 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1930 |
| Parking Ratio | 0.99/1,000 SF |
| Zoning | R-4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 13 | $1,340 CAD | 442 |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 2353-03-016 | Improvements Assessment | $45,991 CAD (2025) |
| Land Assessment | $45,991 CAD (2025) | Total Assessment | $208,939 CAD (2025) |
Property Taxes
Parcel Number
2353-03-016
Land Assessment
$45,991 CAD (2025)
Improvements Assessment
$45,991 CAD (2025)
Total Assessment
$208,939 CAD (2025)
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2139-2151 Lafayette St
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