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1442 N Humboldt Street
Denver, 80218
FOR
SALE
$1,500,000
Active
6,478
Sq.Ft.
1896
Yr. Built
MLS# 6496139
Cumulative Days on Market: Less than 1
(since
February 12th, 2025)
Data provided by the MLS.
Property Details
CBRE is pleased to present Humboldt Terrace, a 9-unit investment opportunity inDenvers historic Cheesman Park neighborhood. Built in 1896, Humboldt Terraceexudes charming and historical character while boasting updated, well-maintained features. Under the same family ownership and management since 2012, the community primarily features large one-bedroom apartments, including a studio and oversized two-bedroom apartments. All the units are in great shape, allowing investors to take advantage of income and asset value increases through a light value-add approach. The property also includes eight parking spaces in the alley, a coveted amenity in Central Denver.Humboldt Terrace is conveniently located off Colfax and Humboldt St, just minutes from Downtown Denver and within walking distance to many parks and recreational locations. This excellent location offers residents direct access to anabundance of dining and entertainment options on Colfax Avenue and over 600, 000 jobs within a 20-minute drive. Additionally, Humboldt Terrace is within walking distance of Cheesman Park, one of Denvers premier green spaces.Humboldt Terraces irreplaceable Cheesman Park location and unique historic charm, coupled with the shortage of housing options in the area, ensures the property will continue to see high renter demand. These factors and the opportunity to create additional value through a light renovation approach make this property an exceptionally attractive investment opportunity in one of Denvers most sought-after neighborhoods.
Property Highlights
Price
$1,500,000
Property Type
Commercial Sale
Property Sub Type
Multi-Family
Year Built
1896
Location
County
Denver
Zoning
U-RH-3A
Property Details
Price
$1,500,000
Property Sub Type
Multi-Family
Property Type
Commercial Sale
Building
Structure Type
Low Rise (1-3)
Total Area
6,478
Interior Features
Area and Spaces
Number of Units
9
Building Details
Construction
Year Built
1896
Materials
Roof
Architecural Shingle
Terms
Commercial
Cap Rate
4.75
Terms
Exclusions
Tenant's Personal Property
Special Terms
Cash, Conventional
Taxes
Tax
Tax (Annual)
$9,793
Heating, Cooling & Utilities
Utilities
Sewer
Public Sewer
Parking
Total Parking Spaces
8
Listed by Cbre, Inc., charlie.mitelhaus@cbre.com, 303-881-4291.
Listing Data last updated 02/12/2025 07:00 pm
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Status Active. This is the date the listing was placed on market.
NOTE: Cumulative Days on Market: Less than 1.
Data provided by the MLS.
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Listed by Cbre, Inc.
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