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31605879
31708925

1560 Sherman St, Denver, CO 80203

ML
CO FA.100022835
NORTHPEAK Commercial Advisors
KC
CO 100022816
NORTHPEAK Commercial Advisors
Listed by NORTHPEAK Commercial Advisors
$5,800,000
72 days on market
Updated 66 days ago

The Profile

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 31,670
Net Rentable (SqFt) 16,789
Units 33
Cap Rate 4.76%
NOI $276,026
Pro-Forma Cap Rate 5.24%
Pro-Forma NOI $303,843
Price per SqFt $183
Year Built 1952
Lot Size (SqFt) 8,513
Zoning C-MX -16

Multifamily | 33 Units | $175,758/unit

Marketing description

The Profile is one of Central Denver’s most distinctive multifamily investment opportunities. Positioned just steps from the Colorado State Capitol, this 33-unit elevator-served apartment community has been recently renovated including many units and common areas — delivering a turnkey asset with a elevated finish level that stands apart in its submarket.

Residents enjoy amenities including a gym, laundry room, private storage, dog wash, and a spacious lounge with a full kitchen.

What makes The Profile truly compelling for the right buyer is the 7,400± SF of basement space that remains largely untapped. For decades this was home to Le Profile, a beloved Denver restaurant, and today it represents one of the more intriguing value-add opportunities in the urban core. Whether reimagined as a restaurant, neighborhood retail, creative office, or another income-producing use, this space has the potential to meaningfully move the needle on overall property performance.

Investment highlights

Over 7,000 SF of unused space

Newer roof

Most units have been renovated

Elevator

Great Downtown location

Favorable C-MX -16 zoning

Listing Contacts

ML
CO FA.100022835
NORTHPEAK Commercial Advisors
KC
CO 100022816
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
$276,026.00
$23,002.17/mo

Valuation Metrics

0
DSCR
4.76%
Cap Rate
4.76%
ROI

Map

Zoning

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C-MX-16 MixedMixed UseUrban Center Neighborhood Context Mixed Use 16
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View all 142 uses
View all 142 uses
Last updated Apr 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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