3
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$825,000
Est. payment /mo
4,500 SqFt
New
2875 N Harrison ST Denver, CO 80205
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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $183
MLS Listing ID 2873504
HOA Y/N No
Year Built 1953
Annual Tax Amount $7,904
Tax Year 2024
Lot Size 0.450 Acres
Acres 0.45
Property Sub-Type Multi Family
Source recolorado
Property Description
2875 N Harrison Street presents a rare opportunity to acquire a stabilized 6-unit multifamily asset in one of Denver's most dynamic infill neighborhoods. Situated on a large 0.45-acre corner lot near City Park, the property combines strong in-place cash flow with long-term redevelopment upside in a rapidly appreciating corridor.
The single-story brick building offers operational simplicity with individually metered gas and electric, reducing landlord expenses and supporting efficient management. The property is currently operating at approximately a 7.00% cap rate with additional upside through continued rent optimization and future repositioning opportunities.
Beyond the existing income stream, the true value lies in the land and zoning flexibility. The E-MU-2.5 zoning allows for multiple residential redevelopment strategies including urban houses, duplexes, and townhomes, creating an attractive covered land play for investors seeking both current yield and future appreciation potential.
Located minutes from City Park, downtown Denver, RiNo, and major redevelopment corridors, the property benefits from strong demographics, continued neighborhood investment, and growing demand for workforce and urban housing. The surrounding area features an average household income exceeding $123,000 within a one-mile radius and continued nearby development activity.
Whether you are an investor seeking stable cash flow, a value-add operator looking for upside, or a developer pursuing a future land repositioning opportunity, 2875 N Harrison Street offers a compelling combination of income, location, and long-term potential.
The single-story brick building offers operational simplicity with individually metered gas and electric, reducing landlord expenses and supporting efficient management. The property is currently operating at approximately a 7.00% cap rate with additional upside through continued rent optimization and future repositioning opportunities.
Beyond the existing income stream, the true value lies in the land and zoning flexibility. The E-MU-2.5 zoning allows for multiple residential redevelopment strategies including urban houses, duplexes, and townhomes, creating an attractive covered land play for investors seeking both current yield and future appreciation potential.
Located minutes from City Park, downtown Denver, RiNo, and major redevelopment corridors, the property benefits from strong demographics, continued neighborhood investment, and growing demand for workforce and urban housing. The surrounding area features an average household income exceeding $123,000 within a one-mile radius and continued nearby development activity.
Whether you are an investor seeking stable cash flow, a value-add operator looking for upside, or a developer pursuing a future land repositioning opportunity, 2875 N Harrison Street offers a compelling combination of income, location, and long-term potential.
Location
State CO
County Denver
Zoning E-MU-2.5
Interior
Fireplace N
Exterior
Roof Type Composition
Total Parking Spaces 6
Garage No
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Crest Hawk Management Inc
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