3251-3263 Olive, Denver, CO 80207

Denver
Local realty services provided by:ERA New Age
3251-3263 Olive,Denver, CO 80207
$1,225,000
  • - Beds
  • - Baths
  • 3,844 sq. ft.
  • Multi-family
  • Pending
Listed by: jack sherman
Office: northpeak commercial advisors, llc.
MLS#:2104014
Source:ML

Price summary

  • Price:$1,225,000
  • Price per sq. ft.:$318.68

About this home

3251-3263 Olive St. is an attractive 6-unit apartment building located in the Park Hill neighborhood of Denver. The building features (5) 2Bd/1Ba and (1) 3Bd/1Ba units situated in a side-by-side layout which is always preferred by both tenants and investors. The property is currently 100% occupied with proven stability of income. This listing boasts a current 6.8% cap rate on real income and expenses. With modest rent increases, investors can improve this to a 7.3% cap rate. Current ownership completed a full overhaul of the property in 2016 including a new roof, full electrical upgrade, new plumbing throughout, new furnaces, in-unit laundry, and full unit remodels. All units have their own gas (separate furnaces) and electric meters which reduce ownership expenses. Tenants enjoy access to their private laundry, 7 parking spaces for the 6 units, and 4 of the units having access to fenced in back yards. For the right investor, this is a high cash flowing deal with no deferred...

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Home facts

  • Year built:1955
  • Subdivision & Development:Elmwood
  • Listing ID #:2104014

Rooms and interior

  • Living area:3,844 sq. ft.

Heating and cooling

  • Heating:Floor Furnace

Structure and exterior

  • Roof:Shingle
  • Year built:1955
  • Building area:3,844 sq. ft.
  • Lot Features:Level
  • Construction Materials:Brick
  • Levels:1 Story

Schools

  • High school:Northfield
  • Middle school:Smiley
  • Elementary school:Smith Renaissance

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,225,000
  • Price per sq. ft.:$318.68
  • Tax amount:$8,020
MLS LogoBased on information submitted to the MLS GRID as of October 27, 2026 08:37 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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