Immediate Upside Opportunity in Speer Neighborhood Denver!
Attractive Market-Rate Rents In Place
Marketing description
Centennial Advisers brings to market 127 North Pearl Street in Denver, a clear value-add opportunity positioned within the highly desirable Speer neighborhood. This 3,750 SF, 6-unit multi-family asset offers an exceptional combination of physical size advantages, urban connectivity, and significant income-growth potential to achieve a proforma NOI of $78,213 (5.21% Cap Rate). With a 65.6% projected increase in Net Operating Income, the property delivers a proven pathway to value creation through stabilizing occupancy and bringing below-market rents to market levels—ideal for investors focused on immediate operational upside. Operating with a lower-density physical footprint, the property features five 1-bedroom units, one studio unit, and individual utility metering requiring tenant-paid electric.
Located a block and a half off Speer Blvd, this property boasts an exceptional Walk Score of 96, highlighting its prime location within a highly walkable neighborhood. With easy access to pedestrian-friendly streets, the site benefits from consistent foot traffic. Additionally, the property offers a Bike Score of 98, making it ideal for cyclists with nearby bike lanes . Exceptional transportation options are also within reach, including Speer Boulevard, which provides seamless regional connectivity to Downtown Denver and Cherry Creek. Backed by a high-income demographic profile where 51% of households earn over $75,000 annually, the property offers a dependable platform for long-term occupancy and continued income growth.
127 North Pearl Street stands out as a compelling opportunity for an investor seeking a centrally located, value-add multi-family asset with both immediate utility and strong future upside in a growing Denver market.
Investment highlights
- Situated in the Speer neighborhood, the asset bridges Downtown Denver and Cherry Creek.
- Walk Score of 96 and Bike Score of 98 provide tenants with premier, car-free access.
- 80203 zip code boasts a $77,500 median income and a median age of 33.1.
- Attractive unit mix where 1-bedroom layouts comprise 83.3% of the property.
- 650 to 700 square feet, these units provide up to a 100-square-foot premium over competing mid-century buildings.
- Positioned 1.5 miles from Downtown and 1.8 miles from Cherry Creek North, the site ensures rapid commutes.
- Vacant unit for immediate upside!
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
