26
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$1,600,000
Est. payment /mo
4,745 Sqft Lot
Active
1060 N Pennsylvania ST Denver, CO 80203
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Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5171222
Style Traditional
HOA Y/N No
Year Built 1892
Lot Size 4,745 Sqft
Acres 0.11
Property Sub-Type Multi Family
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.
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.
Location
State CO
County Denver
Zoning G-MU-5
Exterior
Waterfront Description Public
Roof Type Composition
Private Pool No
Building
Sewer Public Sewer
Water Public
Architectural Style Traditional
Others
Tax ID 5038-03-004
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed byVerity Real Estate
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TESTIMONIALS
James
Travis Hightower is an exceptional real estate professional. I worked with him on the sale of my condo, and his professionalism, initiative, and attention to detail were outstanding from beginning to end. Travis took ownership of the entire process. He coordinated the contractors, got the property market-ready quickly, and produced a listing that stood well above the competition. The photography and presentation were first-class. He even took the initiative to meet with the HOA to better understand the property's finances, future plans, and implications for residents. The results spoke for themselves. Despite listing in December, we were under contract within a week and closed in less than a month. We also achieved an excellent price, particularly considering a condo one building over sold for approximately 11% less just a few months later. I was traveling internationally during much of the process, but Travis and his team made everything straightforward. Communication was consistently clear, responsiveness was excellent, and the closing team was equally professional and reasonable in its fees. Real estate is clearly more than a profession to Travis. He lives and breathes it, and that commitment shows in the quality of his work, the people he surrounds himself with, and the results he delivers. Beyond his professionalism, Travis is genuinely warm, personable, and a pleasure to work with. He has a way of making you feel at ease and that you're in good hands. I couldn't be happier with the experience and would recommend Travis without hesitation.