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31644375
31644382

630 E 16th Ave, Denver, CO 80203

JK
CO FA100032419
Pinnacle Real Estate Advisors
CK
CO FA100052086
Pinnacle Real Estate Advisors
JK
CO FA100068260
Pinnacle Real Estate Advisors
Listed by Pinnacle Real Estate Advisors
$5,900,000
58 days on market
Updated 58 days ago

The Essex

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 15,105
Units 20
Cap Rate 5.03%
NOI $296,665
Pro-Forma Cap Rate 5.44%
Pro-Forma NOI $320,903
Price per SqFt $391
Broker Co-Op Yes
Class C
Year Built 1907
Year Renovated 2018
Buildings 1
Lot Size (SqFt) 6,250
Zoning G-RO-3

Multifamily | 20 Units | The Essex Apartments is a Historic Landmark 20-Unit Property in Uptown

Marketing description

The Essex Apartments offer a rare opportunity to acquire a fully renovated, turn-key 20-unit landmark-designated community in Denver’s highly desirable Uptown / Capitol Hill neighborhood. Originally constructed in 1907 and thoughtfully modernized in 2018, the property seamlessly combines historic architectural character with high-quality interior finishes, creating a distinctive and elevated living environment.

Select units feature private patios/balconies and in-unit washers and dryers, further enhancing the resident experience and supporting premium rental positioning. The asset benefits from its boutique scale, updated building systems, and irreplaceable charm—positioning it well within a supply-constrained submarket known for strong renter demand and consistent rent growth.

With its prime location and unique historic appeal, The Essex represents a compelling, low-maintenance investment opportunity with long-term upside.

Investment highlights

  • HISTORICAL LANDMARK TROPHY ASSET IN CAPITOL HILL
  • FULLY GUTTED DOWN TO THE STUDS IN 2018
  • UNIQUE UNIT MIX WITH LARGE STUDIOS, ONE AND TWO BEDROOM UNITS
  • UPDATED UNITS WITH HIGH END FINISHES
  • IN UNIT WASHERS AND DRYERS
  • WALKABLE ACCESS TO PARKS, DINING, SHOPS AND ENTERTAINMENT
  • PRIVATE BALCONIES FOR SELECT UNITS

Listing Contacts

JK
CO FA100032419
Pinnacle Real Estate Advisors
CK
CO FA100052086
Pinnacle Real Estate Advisors
JK
CO FA100068260
Pinnacle Real Estate Advisors
Listed by Pinnacle Real Estate Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$296,665.00
$24,722.08/mo

Valuation Metrics

0
DSCR
5.03%
Cap Rate
5.03%
ROI

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