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3,844 sqft

$1,225,000

3251-3263 Olive Street, Denver CO, 80207

Price per sqft$318.68
Built in1955
Property size3,844 sqft
Property typeMulti-family

Overview

Pending

Listed Oct 1, 2026

Updated 2 days ago

3251-3263 Olive St. is an attractive 6-unit apartment building located in the Park Hill neighborhood of Denver. The building features (5) 2Bd/1Ba and (1) 3Bd/1Ba units situated in a side-by-side layout which is always preferred by both tenants and investors. The property is currently 100% occupied with proven stability of income. This listing boasts a current 6.8% cap rate on real income and expenses. With modest rent increases, investors can improve this to a 7.3% cap rate. Current ownership completed a full overhaul of the property in 2016 including a new roof, full electrical upgrade, new plumbing throughout, new furnaces, in-unit laundry, and full unit remodels. All units have their own gas (separate furnaces) and electric meters which reduce ownership expenses. Tenants enjoy access to their private laundry, 7 parking spaces for the 6 units, and 4 of the units having access to fenced in back yards. For the right investor, this is a high cash flowing deal with no deferred maintenance in a great neighborhood of Denver. Highlights: Full property renovation in 2016 including new: roof, full electrical upgrade, furnaces, in-unit laundry, plumbing throughout, and full unit remodels Premium 2bedroom and 3bedroom floor plans with in-unit laundry Separately metered for both gas and electric which tenants pay directly High returns on day 1 of ownership - 6.8% cap rate! Attractive Park Hill location

$8,150/mo

Est. mortgage payment based on a $1,225,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

Taxes
$8,020
Tax Frequency
Annually
55+/Senior Community
No
MLS provider logo
Listed by NorthPeak Commercial Advisors, LLC, Jack Sherman, Listing Contact: [email protected] 
 

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