1721-1725 N High Street, Denver, CO 80218
Local realty services provided by:ERA Teamwork Realty
1721-1725 N High Street,Denver, CO 80218
$1,850,000
- - Beds
- - Baths
- 8,767 sq. ft.
- Multi-family
- Pending
Listed by: erik carmanerik.carman@compass.com,720-663-8999
Office: compass - denver
MLS#:2096717
Source:ML
Price summary
- Price:$1,850,000
- Price per sq. ft.:$211.02
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
- Living area:8,767 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
Structure and exterior
- Roof:Composition
- Year built:1894
- Building area:8,767 sq. ft.
Schools
- High school:East
- Middle school:Bruce Randolph
- Elementary school:Cole Arts And Science Academy
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,850,000
- Price per sq. ft.:$211.02
- Tax amount:$42,962 (2024)
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