1291 Gaylord StDenver, CO 80206

Property Details for 1291 Gaylord St

Year built

1891

Lot size

0.10 AC

Property size (Sq ft)

4,063 SF

Zone code

G-MU-3

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

05021-18-031-000

APU

502118031000

Description

This exceptional 9-unit apartment building presents a compelling investment opportunity in Denver's desirable Congress Park neighborhood. The property, built in 1891, features 4,310 square feet across two stories on a 0.1-acre lot and is zoned R-3. Currently generating a NOI of $71,747 (4.56% cap rate), a pro-forma NOI of $105,473 (6.70% cap rate) is projected, reflecting significant rental upside. Each of the nine units offers a charming living space, and the property benefits from two sets of on-site coin-operated laundry facilities, enhancing tenant convenience and operational efficiency. The asking price is $1,575,000 ($175,000 per unit and $365.43 per square foot). Its prime location provides residents easy access to Cheesman Park, the Botanic Gardens, and Cherry Creek, as well as a variety of popular restaurants including Peter's Chinese, Shells and Sauce, Chef Zorba's, Downpours Coffee, Voodoo Doughnut, Doppio Coffee, and Olive & Finch. This asset is ideally suited for investors seeking strong returns and appreciation potential in a vibrant, historic Denver location. The building's address is 1291 N Gaylord St, Denver, CO 80206.

• CAP approach

  CAP return

  Valuation

  6%

  $1,081,109

  6.5%

  $997,947

  7%

  $926,665

• Comparable approach

  Method

  Valuation

  Relative Method

  $520,312

  Geo Method

  $520,312

• Alternative Use

  Use

  Valuation

  Residential

  $997,947

  Hospitality

  $914,114

  Educational

  $760,532

  Medical

  $786,688

  Retail

  $1,183,050

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.7366

Longitude

-104.961

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].