1201 E Cedar Ave — Sale in Denver, CO

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Denver, CO 80209

Photos

1201 E Cedar Ave — Sale in Denver, CO, photo 1 of 2
1201 E Cedar Ave — Sale in Denver, CO, photo 2 of 2

Investment Figures

Cap rate
1.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present 1201 E Cedar Avenue, an exceptionally rare opportunity positioned at the corner of E Cedar Avenue and S Downing Street in Denver’s historic and highly coveted Washington Park neighborhood. The property consists of five existing townhomes built in 1966 and is situated on an expansive 14,900-square-foot parcel—a remarkably large site relative to the surrounding residential properties. Its prominent corner positioning and immediate adjacency to Washington Park create a combination of land, location, and scale that is exceptionally difficult to replicate in one of Denver’s most established neighborhoods. The property’s 0.34-acre site is the defining attribute, offering a level of scale and flexibility rarely available in Washington Park. As illustrated by the surrounding parcel configuration, 1201 E Cedar Avenue is substantially larger than many of the neighboring residential lots, creating a unique opportunity to capitalize on one of the neighborhood’s increasingly scarce large-format infill sites. The existing five-unit configuration provides immediate utility, while the substantial underlying land component presents significant potential for a future owner to pursue a wide range of investment objectives. Few locations in Denver can match the combination of Washington Park frontage, a prominent corner position, and nearly one-third of an acre of land. S Downing Street runs directly along the western edge of Washington Park, placing the property steps from the park’s expansive open space, trails, lakes, gardens, and recreational amenities. The property is also surrounded by the established residential character, neighborhood amenities, and connectivity that have made Washington Park one of Denver’s most storied and sought-after communities. The opportunity to acquire a site of this size and prominence immediately adjacent to Washington Park is extraordinarily rare and may represent a once-in-a-generation opportunity to control a

Market Context

This multifamily in Denver, CO is listed for sale. It is offered at an approximate 1.0% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Denver, CO — view the full market.

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