440 13Th Ave Denver, CO 80203

This exceptional 31-unit apartment building, situated on a 0.36-acre lot in Denver's coveted Capitol Hill neighborhood at 440 E 13th Ave, presents a compelling investment opportunity. Built in 1923, the property boasts 17,255 square feet of net rentable space and offers a desirable mix of studio, one-bedroom, and two-bedroom units, appealing to a diverse renter base. The building includes 15 valuable off-street parking spaces—a rare amenity in this location. Residents enjoy a large, well-maintained courtyard. The property's strong performance is reflected in its current NOI of $284,715 and a pro-forma NOI of $387,163, translating to a current cap rate of 4.35% and a pro-forma cap rate of 5.91%. The asking price is $6,550,000, representing a price per unit of $211,290.32 and a price per square foot of $382.75. Its prime location offers convenient access to numerous popular restaurants, cafes (including Sub Culture, Call Your Mother Deli, and Pablo's Coffee), and major employers. The building features modern upgrades including new vinyl flooring, a high-efficiency boiler, and updated electrical systems, blending historic charm with contemporary conveniences. This fully occupied asset offers investors a stable, high-demand property in a thriving Denver submarket. The property's strong financials and desirable location make it an attractive investment prospect with significant potential for future growth.