Denver, CO – August 10, 2026 – NorthPeak Commercial Advisors is pleased to announce the sale of Baker 6 located at 204 W Ellsworth Ave., Denver, CO 80223.
Dan Hawthorne of NorthPeak Commercial Advisors worked with the buyer and seller in this transaction.
“This transaction is a good snapshot of what we’re seeing across the market right now. The property last traded at the height of the market in 2021 for $1,420,000 ($236K/Unit). We closed today at $965,000 ($160K/Unit), roughly a 32% decline from 5-years ago. With many owners facing similar pressure from their lenders as rates reset, we expect to see more comps like this one in the months ahead.
At the end of the day, the seller got out just ahead of their rate reset, and the buyer walked away with a great deal on a clean 1950s vintage, Central Denver 6-unit.”
– Dan Hawthorne, NorthPeak Commercial Advisors
For more information on this investment or current market conditions, please contact Dan Hawthorne at (406) 531-4246 or Dan@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Address: 204 W Ellsworth Ave., Denver, CO 80223
- Sale Price: $965,000
- Close Date: August 10, 2026
- Total Units: 6 ($160,833/Unit)
- Property Size: 3,177 SF ($304/SF)
- Current Cap Rate: 5.67%
- Property Type: Multifamily
