880 N Marion St - Apartments FOR SALE


Denver, CO 80218
$1,085,000 USD
720-738-1949
880 N Marion St, Denver, CO for Sale
$1,085,000 USD
Apartments - FOR SALE
1/21
null | 4.86% Cap Rate

880 N Marion St
Denver, CO 80218


HIGHLIGHTS

  • Trophy Asset with Stunning Curb Appeal
  • Exceptional Cheesman Park location
  • Easy To Rent Unit Mix of Six 1-Bedroom Apartments
  • High-Performing Rental Submarket
  • Immediate Opportunities to Increase Cashflow

OVERVIEW

880 Marion St. is a stunning turn-of-the-century converted mansion located in Denver’s highly desirable Cheesman Park neighborhood. The building offers a unit mix of six 1-bedroom apartments, with all the apartments being in exceptional condition. The units offer an elegant blend of historic charm and modern comfort, featuring spacious layouts, high ceilings, and generously sized windows that flood the interiors with natural light. The property presents immediate rental upside, with rents currently below market due to long-term ownership and tenancies. Additionally, the property includes five garage parking spaces, of which only two are capitalized by current ownership, providing even more untapped revenue potential for a new owner. Situated on a prime 7,810 square foot corner lot just three blocks west of Cheesman Park, the building is surrounded by local grocers, cafes and restaurants that make it especially attractive to renters. With its blend of charm, location and growth potential, 880 Marion stands as a prime investment, well-positioned to maintain high-occupancy and reliable returns for years to come.

FOR SALE DETAILS

PRICE

$1,085,000 USD

PRICE/SF

$276 USD /SF

# OF UNITS

6

PRICE/UNIT

$180,833

CAP RATE

4.86%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,848 SF

ZONING

G-MU-3

APN/PARCEL ID

5023-16-001

ASK ABOUT THIS PROPERTY

Austin BengfordNorthPeak Commercial AdvisorsMore Info
720-738-1949

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Austin BengfordNorthPeak Commercial AdvisorsMore Info
720-738-1949

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.