127 N Pearl St 6 Unité Immeuble d’appartements 1 674 360 $ CAD (279 060 $ CAD/Unité) 4,28% Taux de capitalisation Denver, CO 80203

This 3,750 SF, 6-unit multi-family asset, located at 127 N Pearl St, offers an exceptional combination of physical size advantages, urban connectivity, and investor upside . Built in 1922, the property has been kept in excellent condition, with units getting new kitchen appliances, repainting the property, getting a new roof, and replacing the windows in all units except 1 in 2019.
Located a block and a half off Speer Blvd, this property boasts an exceptional Walk Score of 96, highlighting its prime location within a highly walkable neighborhood. With easy access to pedestrian-friendly streets, the site bene{ts from consistent foot traffic. Additionally, the property offers a Bike Score of 98, making it ideal for cyclists with nearby bike lanes . Exceptional transportation options are also within reach, including Speer Boulevard, which provides seamless regional connectivity to Downtown Denver and Cherry Creek.
Backed by a high-income demographic profile where 51% of households earn over $75,000 annually, the property offers a dependable platform for long-term occupancy and continued income growth. Speer neighborhood boasts the highest population of 25-44 year olds in any neighborhood in Denver. Over 70% of tenants in the area rent rather than own.
127 North Pearl Street offers a home-like feel in a vintage neighborhood surrounded by the cities greatest amenities. Proximity to major employer corridors and easy access to I-25 makes this property the perfect fit for young renters.
Pearl is a perfect opportunity for an investor looking to build equity over a 3-5 year period. With Speer's rental market showcasing small units renting for more than the larger quiet units at 127 N Pearl, an owner will be able to focus on growing the income stream with regular rent increases and marking rents to market as they become available Leveraging the track record of care from the current owner, a local owner adding to their portfolio, a family building equity for the next generation, or a Millenial/ Gen Z looking to make an initial investment in a neighborhood they'd live in will find success in this property.