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26897466
26897465

204 West Ellsworth Avenue, Denver, CO 80223

DH
FA 100085522
NORTHPEAK Commercial Advisors
Listed by NORTHPEAK Commercial Advisors
$1,050,000
276 days on market
Updated 5 days ago

Baker 6

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,177
Units 6
Cap Rate 6.12%
NOI $64,308
Tenancy Multi
Pro-Forma Cap Rate 6.83%
Pro-Forma NOI $71,674
Price per SqFt $331
Year Built 1954
Year Renovated 2021
Buildings 1
Lot Size (SqFt) 6,250
Zoning U-RH-2.5
Parking Spaces spaces
Investment Type Stabilized

Motivated Seller | Central Denver | 6-Units Side-by-Side Layout | 6.8% Proforma Cap Rate

Marketing description

Baker 6 is a turn-key 6-unit apartment building located in the heart of Denver’s vibrant Baker neighborhood. This 6-unit apartment building, situated on a 6,250 SF lot, features a total of 3,177 SF and was originally constructed in 1954. Building is composed of 6 - 1Bd/1Ba units thoughtfully designed in a side-by-side layout, offering individual front and rear entrances and identical layouts.

The property has been extensively renovated in recent years with modern interior finishes, including quartz countertops, stainless steel appliances, updated flooring, and contemporary cabinetry. Each unit is equipped with a wall-mounted gas furnace, and the property is separately metered for both gas and electricity. Additionally, each unit features new electric panels.

Tenants enjoy access to a shared laundry facility, generous storage spaces, and direct access to the adjacent Dailey Park. With U-RH-2.5 zoning, the property offers long-term flexibility for investors. Located just blocks from the bustling South Broadway retail corridor and minutes from Downtown Denver, Baker 6 combines strong in-place income with significant location upside.

This is a well-maintained, professionally upgraded asset offering immediate cash flow in one of Denver’s most enduring and sought-after rental submarkets.

Investment highlights

Side-by-side layout

Each unit has its own front and back entrance

Separately metered for gas & electricity

Ample storage for tenants

Shared laundry facility

High quality finishes for all units

New electric panels installed in each unit

Good location in central Denver

Listing Contacts

DH
FA 100085522
NORTHPEAK Commercial Advisors
Listed by NORTHPEAK Commercial Advisors

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$64,308.00
$5,359.00/mo

Valuation Metrics

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DSCR
6.12%
Cap Rate
6.12%
ROI

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