Address
1060 N Pennsylvania Street, Denver, CO
Price
$ 1,600,000
Property Attributes
- MLS#5171222
- TypeCommercial
- Listing Status Active
- CountyDENVER
- CityDenver
- Zip80203
- StyleTraditional
- Year Built1892
- Taxes$ 7787
- Price$ 1,600,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage4653
- Lot Size0.11 Acres
Data Source:
REColorado (MTOMLS)
Property Description
Rare Capitol Hill Multifamily Investment – Historic Charm Meets Strong Cash Flow Exceptional opportunity to own a beautifully converted mansion in the highly sought-after Capitol Hill neighborhood. This unique asset features seven total units, including five units in the main residence and two additional units in a detached carriage house, offering diversified income streams in one of Denver’s most desirable rental markets. Rich in character, the property showcases historic architectural details such as stone exterior, stained glass windows, charming balconies, and an inviting front porch, creating strong tenant appeal and lasting curb presence. Residents enjoy a shared community laundry in the basement along with a private courtyard/garden area, enhancing livability and tenant retention. The current owner has maintained consistent occupancy with very low turnover, a testament to the location and quality of the property. Major system upgrades include a new boiler (2024), as well as updated interior gas lines and main water lines, providing peace of mind and reduced capital expense for future ownership. Ideally located near public transportation, parks, dining, and urban amenities, this property continues to attract long-term tenants seeking both convenience and character. Strong in-place income and proven cash flow performance make this a standout investment opportunity.
| Price History | |
|---|---|
| 4/23/2026 | Listed $1,600,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Possession | Negotiable |
| Roof | Composition |
| Zoning | G-MU-5 |
| Architectural Style | Traditional |
| Construction Materials | Stone |
| Exclusions | Seller and Tenant personal property |
| Year Built | 1892 |
| Stories Count | 3 |
| Property Subtype | Multi Family |
| Tax Year | 2024 |
| Current Use | Residential |
| Gross Income | 128400 |
| County | Denver |
| Property Type | Commercial Sale |
| Attached Garage | No |
| Status | Active |
| City | Denver |
| Number Of Units Total | 7 |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 4745 |
| Listing Terms | Cash,Conventional |
| Tax Annual Amount | 7787 |
| Leasable Area | 4653 |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Cap Rate | 8.02 |
Exterior Features
| Water Source | Public |
|---|---|
| Lot Size Area | 4745 |
| Building Area Total | 4653 |
| Lot Size Acres | 0.11 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 80203
Price
Taxes
Year Built
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