Just Sold: 8-Unit Multifamily Property in Denver, CO Closes for $1,975,000

Address: 1203 &amp; 1211 E 23rd Ave., Denver, CO 80205
Sale Price: $1,975,000
Closed Date: March 27, 2024
Total Units: 8 ($246,875/Unit)
Property Size: 5,490 SF ($360/SF)
Current Cap Rate: 5.5%
Property Type: Multifamily

Denver, CO – April 3, 2024 – NorthPeak Commercial Advisors is pleased to announce the sale of 1203 & 1211 E 23rd Ave., Denver, CO 80205.

Greg Johnson and Conner Piretti of NorthPeak Commercial Advisors worked with the seller while Queen City Properties worked with the buyer in this transaction.

“The Johnson-Piretti team is thrilled to announce the sale of an 8-unit property in Denver’s City Park West neighborhood. The vintage 1907 property was in turnkey condition following a major renovation several years ago. This was the Johnson-Piretti Team’s 4th successful transaction for these clients.”
– Greg Johnson, NorthPeak Commercial Advisors.

For more information on this investment or current market conditions, please contact Greg Johnson at 303-810-1328 or Greg@NorthPeakCRE.com.