Active
1442 N Humboldt Street
Denver CO, 80218
$1,500,000
$231.55 per sqft
Active
6,478 sqft
Commercial
Built in 1896
CBRE is pleased to present Humboldt Terrace, a 9-unit investment opportunity in
Denver's historic Cheesman Park neighborhood. Built in 1896, Humboldt Terrace
exudes charming and historical character while boasting updated, well-maintained features. Under the same family ownership and management since 2012, the community primarily features large one-bedroom apartments, including a studio and oversized two-bedroom apartments. All the units are in great shape, allowing investors to take advantage of income and asset value increases through a light value-add approach. The property also includes eight parking spaces in the alley, a coveted amenity in Central Denver.
Humboldt Terrace is conveniently located off Colfax and Humboldt St, just minutes from Downtown Denver and within walking distance to many parks and recreational locations. This excellent location offers residents direct access to an
abundance of dining and entertainment options on Colfax Avenue and over 600,000 jobs within a 20-minute drive. Additionally, Humboldt Terrace is within walking distance of Cheesman Park, one of Denver's premier green spaces.
Humboldt Terrace's irreplaceable Cheesman Park location and unique historic charm, coupled with the shortage of housing options in the area, ensures the property will continue to see high renter demand. These factors and the opportunity to create additional value through a light renovation approach make this property an exceptionally attractive investment opportunity in one of Denver's most sought-after neighborhoods.
6496139
MLSⓇ ID
February 12, 2025
Listed
February 12, 2025
Updated
Other Property Details
Taxes
$9,793
Tax Frequency
Annually
Garage
No
Parking Total
8
View
No
County
Denver
Pool
No
Zoning
U-RH-3A
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