1721-1725 N High Street, Denver, CO 80218
Local realty services provided by:Better Homes and Gardens Real Estate Kenney & Company
1721-1725 N High Street,Denver, CO 80218
$1,625,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: erik carman
Office: compass - denver
MLS#:2096717
Source:ML
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Price summary
- Price:$1,625,000
About this home
See full OM on Loopnet. Welcome to 1721-1725 N High St, a nearly 9,000 SQF mixed-use multifamily and office property in Denver’s highly walkable and historic City Park West neighborhood. 1721-1725 N High St presents a rare investment opportunity in a one-of-a-kind asset, with stable in-place income, limited downside and multiple easily achievable value-add strategies for prospective buyers. Originally constructed in 1894 on a 0.20-acre lot, the building has been updated for both commercial and residential use, with approximately $500K in capital improvements since 2022. Zoned G-RO-3, the property allows for both multifamily and commercial uses. The office portion spans approximately two-thirds of the building and is leased to a therapy services provider through August 2029, currently achieving $8,500/month in rental revenue with 3% annual escalations. One residential unit, a 1,200 SF 2BR/1BA unit, achieves in-place revenue of $2,250/month. On top of the office space and 2BR/1BA unit generating $10,700/month, the remaining 4BR/1.5BA unit is on an 18 month lease at $3750/mo. For investors, the asset offers flexible exit optionality—whether by executing a lot split, converting units to pure residential, or repositioning for executive commercial offices—all within one of Denver’s most desirable urban neighborhoods. Please Downlaod Offering Memorandum or contact listing broker. Loopnet:...
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Home facts
- Year built:1894
- Listing ID #:2096717
Rooms and interior
- Kitchen Description:Dishwasher, Range, Refrigerator
- Basement:Yes
- Basement Description:Finished
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
- Central air:Yes
Structure and exterior
- Roof:Composition
- Year built:1894
- Lot Features:Level
- Construction Materials:Brick
- Levels:2 Story
Schools
- High school:East
- Middle school:Bruce Randolph
- Elementary school:Cole Arts And Science Academy
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,625,000
- Tax amount:$42,962 (2024)
Features and amenities
- Laundry features:Dryer, Washer
Parking
- Total parking spaces:8
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