2105 E 16th Avenue is a charming 6-unit brick multifamily building located in Denver’s highly desirable City Park West neighborhood. Built in 1893 and zoned G-RO-3, the property consists of (3) studio units and (3) 1bed/1bath units, offering a straightforward mix well-suited to the core Denver urban renter. City Park… Read More West is one of Denver’s most walkable and bikeable neighborhoods, positioned just a few blocks from City Park, the Denver Zoo, and the Denver Museum of Nature and Science. Presbyterian St. Luke’s Medical Center sits just 0.6 miles away, and East Colfax Avenue’s restaurants, bars, and nightlife are steps from the front door, giving tenants an A+ urban lifestyle at an accessible price point. The property is currently 100% occupied and has benefited from consistent capital investment over the years, including all new electrical completed approximately 15 years ago, vinyl windows 5 years ago, new water heater in 2025, and on-site laundry. Separately metered electric reduces owner utility exposure and simplifies operations. With current rents modestly below market, a buyer can expect meaningful upside through natural lease-up turnover without the need for significant capital outlay. Read Less
Listing Snapshot
Days Online
74
Last Updated
Property Type
Multi Family
Square Ft.
3,495
Lot Size
0.07 Acres
Year Built
1893
MLS Number
5573752
30 Days Snapshot Of 80206
$1.05M
-21%
(avg) sold price
28
-9%
homes sold
75
-1%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Effective Year Built: 1893, Features: Bike Storage, Coin Laundry, Stories: 3, Total Area: 3495, Unit Count: 2, Unit Types: Array, Array, Built in 1893, 6 total units
Expenses
Operating Expense Includes: Accounting, Advertising, Insurance, Maintenance, Professional Management, Real Estate Tax, Utilities, Operating Expense: $20,248, Projected Annual Expense: $26,563
Home Owner's Association
Association Fee Total Annual: $0, Association Fee Annual: 0.00, Association Fee 2 Annual Expense: 0.00, Association Fee 3 Annual Expense: 0.00
Income
Actual Annual Net Income: 52342.00, Gross Income: $72,590, Projected Annual Net Income: $58,635, Projected Gross Income: $85,198
Listings courtesy of METROLIST, INC., DBA RECOLORADO® as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.
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