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Essex Apartments 630 E 16th Ave 20 Unit Apartment Building $8,127,250 CAD ($406,363 CAD/Unit) 5.03% Cap Rate Denver, CO 80203
Investment Highlights
- Historic landmark property in Denver’s Capitol Hill neighborhood, fully renovated in 2018.
- Updated interiors with high-end finishes, in-unit washers and dryers, and select private balconies.
- Strong submarket fundamentals with consistent rent growth and high renter demand.
- Unique unit mix featuring large studios, one-bedroom, and two-bedroom layouts.
- Walkable access to parks, dining, entertainment, and cultural destinations.
- Off-street parking and modernized building systems for operational efficiency.
Executive Summary
The Essex Apartments present a rare opportunity to acquire a fully renovated, landmark-designated 20-unit community in Denver’s highly desirable Uptown/Capitol Hill neighborhood. Originally constructed in 1907 and comprehensively modernized in 2018, the property blends historic architectural character with contemporary interior finishes, creating a distinctive and elevated living experience.
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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| 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 | - |
| 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 | $8,127,250 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $406,363 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.03% | Building Size | 15,105 SF |
| No. Units | 20 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1907/2018 |
| Property Subtype | Apartment | Parking Ratio | 0.67/1,000 SF |
| Zoning | G-RO-3 - General Urban Neighborhood Context; Residential Office 3 | ||
| Price | $8,127,250 CAD |
| Price Per Unit | $406,363 CAD |
| Sale Type | Investment |
| Cap Rate | 5.03% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 15,105 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1907/2018 |
| Parking Ratio | 0.67/1,000 SF |
| Zoning | G-RO-3 - General Urban Neighborhood Context; Residential Office 3 |
Amenities
Unit Amenities
- Kitchen
Site Amenities
- Community-Wide WiFi
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 380 |
| 1+1 | 11 | - | 620 |
| 2+1 | 7 | - | 800 |
| 2+2 | 1 | - | 800 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2349-24-020 | Improvements Assessment | $60,744 CAD |
| Land Assessment | $60,744 CAD | Total Assessment | $536,399 CAD |
Property Taxes
Parcel Number
2349-24-020
Land Assessment
$60,744 CAD
Improvements Assessment
$60,744 CAD
Total Assessment
$536,399 CAD
Contacts
-
Chris Knowlton -
Jim Knowlton -
Mark Knowlton -
Quentin Shore -
Jennifer King -
Pinnacle Real Estate Advisors
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Essex Apartments | 630 E 16th Ave
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