1235 N Pennsylvania St

1235 N Pennsylvania St is located in Denver’s Capitol Hill neighborhood, a centrally positioned urban community just east of Downtown Denver. The property benefits from convenient access to major civic, cultural, recreational, and employment destinations, including the Colorado State Capitol, Civic Center, Denver Art Museum, Molly Brown House Museum, and Cheesman Park. Capitol Hill’s established street grid and mix of residential and commercial uses create a convenient setting for residents seeking access to the broader Denver metro area.Pinnacle Real Estate Advisors is pleased to announce they have been retained as the exclusive marketing advisor for 1235 N Pennsylvania St. in Denver, Colorado. This offering presents an opportunity to acquire a 5-unit multifamily property totaling approximately 4,520 SF, featuring four 1-bedroom/1-bathroom units and one studio, plus an additional art studio that is not included in the total unit count. The property is currently generating approximately $91,619 in Gross Operating Income and $64,557 in Net Operating Income, resulting in a 6.62% current CAP rate at the asking price of $975,000. The property offers established in-place income with additional revenue from RUBS, laundry, and miscellaneous income, providing multiple sources of cash flow. Pro forma projections reflect modest rental growth, increasing NOI to approximately $68,232 and supporting a 7.00% pro forma CAP rate. Priced at $215.71/SF, 1235 N Pennsylvania St. provides an opportunity to acquire a small-scale Denver multifamily asset with current cash flow and potential for continued income growth.