Log In/Sign Up
Your email has been sent.
422 E Tennessee Ave - 422 E Tennessee 3 Unit Apartment Building Offered at $1,281,484 CAD at a 5.04% Cap Rate Denver, CO 80209
Investment Highlights
- Located in a highly walkable Wash Park–adjacent neighborhood with strong long-term rental demand.
- Low-density asset offers simpler management compared to larger multifamily properties.
- Efficient unit layouts maximize livable space and support consistent tenant retention.
Executive Summary
422 E Tennessee Ave is a charming three-unit property that combines small-scale appeal with high-quality interiors. While the building is modest in size, each apartment has been thoughtfully updated and is exceptionally well-finished, offering modern layouts, attractive finishes, and a comfortable living experience. The property stands out for its strong unit quality and turnkey appeal, making it an excellent option for investors seeking a well-maintained triplex with desirable interiors.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$82,393
|
$44.75
|
| Other Income |
$1,619
|
$0.88
|
| Vacancy Loss |
$2,471
|
$1.34
|
| Effective Gross Income |
$81,540
|
$44.29
|
| Taxes |
$6,684
|
$3.63
|
| Operating Expenses |
$10,309
|
$5.60
|
| Total Expenses |
$16,992
|
$9.23
|
| Net Operating Income |
$64,548
|
$35.06
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $82,393 |
| Annual Per SF | $44.75 |
| Other Income (CAD) | |
|---|---|
| Annual | $1,619 |
| Annual Per SF | $0.88 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $2,471 |
| Annual Per SF | $1.34 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $81,540 |
| Annual Per SF | $44.29 |
| Taxes (CAD) | |
|---|---|
| Annual | $6,684 |
| Annual Per SF | $3.63 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $10,309 |
| Annual Per SF | $5.60 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $16,992 |
| Annual Per SF | $9.23 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $64,548 |
| Annual Per SF | $35.06 |
Property Facts
| Price | $1,281,484 CAD | Property Type | Multifamily |
| Price Per Unit | $427,161 CAD | Building Size | 1,841 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 5.04% | No. Stories | 2 |
| No. Units | 3 | Year Built | 1910 |
| Zoning | U-SU-B | ||
| Price | $1,281,484 CAD |
| Price Per Unit | $427,161 CAD |
| Sale Type | Investment |
| Cap Rate | 5.04% |
| No. Units | 3 |
| Property Type | Multifamily |
| Building Size | 1,841 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1910 |
| Zoning | U-SU-B |
1 1
Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (76)
Property Taxes
| Parcel Number | 5156-21-027 | Total Assessment | $74,987 CAD |
| Land Assessment | $29,164 CAD | Annual Taxes | $6,684 CAD ($3.63 CAD/SF) |
| Improvements Assessment | $29,164 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
5156-21-027
Land Assessment
$29,164 CAD
Improvements Assessment
$29,164 CAD
Total Assessment
$74,987 CAD
Annual Taxes
$6,684 CAD ($3.63 CAD/SF)
Tax Year
2025
1 of 29
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
422 E Tennessee Ave - 422 E Tennessee
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.