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3552 Morrison Rd 11 Unit Apartment Building $2,225,735 CAD ($202,340 CAD/Unit) 7.30% Cap Rate Denver, CO 80219
Investment Highlights
- Stabilized, day-one cash flow with in-place cap rate above 7%
- Diverse unit mix of studios, one bedrooms, and two bedroom units
- New electrical panels inside each unit. Tenants also directly pay for gas and electric, keeping owner expenses low
- Fully occupied with all rents at or near market rates
- Located in Opportunity Zone (Census Tract 8)
Executive Summary
3552 Morrison Road is an 11-unit multifamily asset located in the heart of Denver’s Westwood neighborhood. With a going-in cap rate above 7%, this interior-corridor property provides investors with exceptional day-one returns and stable, immediate cash flow. Situated along the vibrant Morrison Road corridor, the property offers residents easy access to Downtown Denver and the broader metropolitan area via major thoroughfares. Recent capital improvements, including new electrical panels and updated flooring, significantly mitigate near-term maintenance risks and increase the asset’s long-term value. The property features a shared backyard common area, which drives tenant retention and strengthens marketability. With in-place rents currently at or near market rates, the 3552 Morrison is positioned to deliver positive leverage for investors seeking day-one yield.
County: Denver
Year Built: 1941
# Buildings: 1
# Stories: 3
Total Units: 11
Construction: Brick Masonry
Roof Type: Flat
Gross Building SF: 5,613 (Includes finished basement area and storage per county records)
Total Lot SF: 7,179
Parking Type: Lot | 6 Spaces
Air Conditioning: Wall AC Units
Gas/Electric: Individual/Individual
Water/Sewer: Master
County: Denver
Year Built: 1941
# Buildings: 1
# Stories: 3
Total Units: 11
Construction: Brick Masonry
Roof Type: Flat
Gross Building SF: 5,613 (Includes finished basement area and storage per county records)
Total Lot SF: 7,179
Parking Type: Lot | 6 Spaces
Air Conditioning: Wall AC Units
Gas/Electric: Individual/Individual
Water/Sewer: Master
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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 | $2,225,735 CAD | Building Class | C |
| Price Per Unit | $202,340 CAD | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 5,613 SF |
| Cap Rate | 7.30% | No. Stories | 3 |
| No. Units | 11 | Year Built/Renovated | 1941/2023 |
| Property Type | Multifamily | Parking Ratio | 1.07/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | E-MX-3, UO-1, UO-2 | ||
| Price | $2,225,735 CAD |
| Price Per Unit | $202,340 CAD |
| Sale Type | Investment |
| Cap Rate | 7.30% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 5,613 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1941/2023 |
| Parking Ratio | 1.07/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | E-MX-3, UO-1, UO-2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | 360 |
| 1+1 | 6 | - | 515 |
| 2+1 | 1 | - | 675 |
1 1
Walk Score®
Very Walkable (76)
Property Taxes
| Parcel Number | 5172-06-021 | Total Assessment | $136,782 CAD |
| Land Assessment | $11,520 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $11,520 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
5172-06-021
Land Assessment
$11,520 CAD
Improvements Assessment
$11,520 CAD
Total Assessment
$136,782 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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3552 Morrison Rd
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