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$ 1,000,000
Est. payment | /mo
3,315 SqFt
$ 1,000,000
Est. payment | /mo
3,315 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,315 sqft
Price per Sqft $301
MLS Listing ID 2131961
HOA Y/N No
Year Built 1906
Annual Tax Amount $6,723
Tax Year 2024
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type Multi Family
Source recolorado
Property Description
Cushman & Wakefield would like to present 1725 Race Street, a 6-unit multifamily property located in the heart of Denver's City Park West neighborhood, one of the city's most walkable and in-demand urban residential areas. The property currently is a mix of (2) studios, (3) 1 bedroom, and (1) 3 bedroom units however there is opportunity to convert the 3/2 unit into a 2/1 and 1/1 unit with a $25,000 renovation. This will increase the income $12,300 per year, decrease your price per unit basis $30,000 and decrease your exposure to 3 unit vacancy. This historic building offers architectural charm and a prime location just blocks from City Park, Cheesman Park, and major employment centers including the St. Joseph and Presbyterian/ St. Luke's medical campuses. The property combines classic brick construction with strong in-place income and additional upside potential through unit modernization. City Park West is a vibrant, centrally located neighborhood that appeals to a wide range of renters—from medical professionals and students to remote workers and long-term residents. The surrounding Denver metro continues to experience significant economic growth, driven by a diverse mix of industries including technology, healthcare, aerospace, and energy. With limited multifamily inventory in this submarket, 1725 Race Street presents a compelling opportunity for investors seeking stable returns, appreciation potential, and long-term value in a blue-chip urban location.
Location
State CO
County Denver
Interior
Fireplace N
Exterior
Roof Type Shingle
Garage No
Building
Sewer Public Sewer
Structure Type Brick
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Cushman & Wakefield
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8300 E Maplewood Drive Ste 100, Greenwood Village, Colorado, Other