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3251 Olive St, Denver, CO 80207

Denver
Local realty services provided by:CENTURY 21 CapRock Real Estate
3251 Olive St,Denver, CO 80207
$1,225,000
  • - Beds
  • - Baths
  • 3,844 sq. ft.
  • Multi-family
  • Active
Listed by: jack sherman
Office: northpeak commercial advisors, llc720-738-1944
MLS#:2104014
Source:IRES

Price summary

  • Price:$1,225,000
  • Price per sq. ft.:$318.68

About this home

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...

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Home facts

  • Year built:1955
  • Subdivision & Development:Elmwood
  • Listing ID #:2104014
  • Added:2 day(s) ago
  • Updated:October 04, 2026 at 02:41 PM

Rooms and interior

  • Living area:3,844 sq. ft.

Heating and cooling

  • Heating:Radiant

Structure and exterior

  • Roof:Fiberglass
  • Year built:1955
  • Building area:3,844 sq. ft.
  • Lot Features:Level
  • Construction Materials:Brick
  • Levels:One

Schools

  • High school:Northfield
  • Middle school:Smiley
  • Elementary school:Smith Renaissance

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,225,000
  • Price per sq. ft.:$318.68
  • Tax amount:$8,020

Parking

  • Garage spaces:7
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