1721 N High St new Save Request In-Person Tour Request Virtual Tour
Denver,CO 80218
Key Details
Property Type Single Family Home
Sub Type Income Property
Listing Status Active
Purchase Type For Sale
Square Footage 7,845 sqft
Price per Sqft $254
Subdivision City Park
MLS Listing ID 2096717
Bedrooms 6
HOA Y/N false
Abv Grd Liv Area 7,845
Year Built 1894
Annual Tax Amount $42,962
Property Sub-Type Income Property
Source REcolorado
Property Description
See full OM on Loopnet. Welcome to 1721-1725 N High St, a nearly 8,000 SQF mixed-use multifamily and office property in Denver's highly walkable and historic City Park West neighborhood. 1721-1725 N High St presents a rare investment opportunity in a one-of-a-kind asset, with stable in-place income, limited downside and multiple easily achievable value-add strategies for prospective buyers. Originally constructed in 1894 on a 0.20-acre lot, the building has been updated for both commercial and residential use, with approximately $500K in capital improvements since 2022. Zoned G-RO-3, the property allows for both multifamily and commercial uses. The office portion spans approximately two-thirds of the building and is leased to a therapy services provider through August 2029, currently achieving $8,500/month in rental revenue with 3% annual escalations. One residential unit, a 1,200 SF 2BR/1BA unit, achieves in-place revenue of $2,250/month. On top of the office space and 2BR/1BA unit generating $10,700/month, the remaining 4BR/1.5BA unit is owner-occupied and represents the opportunity to add further rental income or reposition the space for resale. For investors, the asset offers flexible exit optionality-whether by executing a lot split, converting units to pure residential, or repositioning for executive commercial offices-all within one of Denver's most desirable urban neighborhoods. Please Downlaod Offering Memorandum on Loopnet or contact listing broker.
Location
State CO
County Denver
Area Metro Denver
Zoning G-RO-3
Rooms
Basement Partially Finished
Interior
Heating Forced Air
Cooling Central Air
Appliance Dishwasher,Refrigerator,Washer,Dryer
Exterior
Garage Spaces 8.0
Roof Type Composition
Handicap Access Level Lot
Building
Lot Description Level
Story 2
Sewer City Sewer,Public Sewer
Level or Stories Two
Structure Type Brick/Brick Veneer
New Construction false
Schools
Elementary Schools Cole Arts And Science Academy
Middle Schools Bruce Randolph
High Schools East
School District Denver 1
Others
Senior Community false
SqFt Source Assessor