Just Sold: 5-Unit Multifamily Property in Denver, CO Closes for $1,210,000

Address: 2144 N Vine St., Denver, CO 80205
Sale Price: $1,210,000
Closed Date: December 8, 2023
Total Units: 5 ($242,000/Unit)
Property Size: 5,037 SF ($240/SF)
Cap Rate: 6.2%
Property Type: Multifamily

Denver, CO – December 11, 2023 – NorthPeak Commercial Advisors is pleased to announce the sale of 2144 N Vine St., Denver, CO 80205.

Austin Bengford of NorthPeak Commercial Advisors worked with the seller in this transaction.

“The buyer was an investor who primarily owns single-family rentals in the neighborhood. This was the perfect opportunity for him to scale up his portfolio in a market that has already proven successful for him.”
– Austin Bengford, NorthPeak Commercial Advisors.

For more information on this investment or current market conditions, please contact Austin Bengford at 970-692-3008 or Austin@NorthPeakCRE.com.