407 Denver, CO ^$ 6,500,000

407

^$ 6,500,000

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407

Denver, CO, 80205

^$ 6,500,000

Bedrooms-- Baths-- Sq 22,996

Monthly Estimate*

^$ 40,552

Listed by Pinnacle Real Estate Advisors

Commercial Property for sale in Denver, CO

for $6,500,000. This 22,996 square foot building was built in 1929 on a lot size of 0.4.

The Flats on 29th represents an outstanding, renovated 34-unit multifamily investment situated in Denver’s dynamic Five Points neighborhood. This offering is uniquely compelling due to the opportunity for investors to assume an attractive, fixed-rate financing structure, significantly boosting the initial cash yield on a property that has been comprehensively updated within the last decade. The diverse unit mix includes one-, two-, and three-bedroom layouts, providing broad market appeal. Property renovations are extensive, featuring new windows, modern flooring, contemporary paint, and designer lighting. Furthermore, every kitchen has been upgraded with granite countertops, newer cabinetry, and stainless-steel appliances (with dishwashers in select units). Enhancing operational efficiency, all 34 units are individually metered for both gas and electric. The core advantage remains the debt assumption: a 4.26% fixed-rate, interest-only loan offers an immediate, profound financial benefit, reducing debt service and substantially increasing cash flow compared to current conventional financing. This rare combination of a fully updated physical asset, minimal CapEx exposure, and below-market debt positions The Flats on 29th as a prime investment ready for long-term growth. ASSUMABLE FINANCING AT 4.26%, INTEREST ONLY, THROUGH 2029. INDIVIDUALLY METERED FOR GAS AND ELECTRIC. INTERIOR UPDATES INCLUDING: NEWER KITCHENS WITH GRANITE COUNTERTOPS. UPDATED CABINETS AND STAINLESS-STEEL APPLIANCES. UPDATED BATHROOMS WITH TUBS AND DIVERTERS/ TILE SURROUNDS/ALL PLUMBING FIXTURES. NEW EXTERIOR PAINT / CARPETING IN BEDROOMS & WOOD LAMINATE IN LIVING AREAS. 2 BLOCKS TO THE LIGHT RAIL/ DOWNTOWN VIEWS. LOCATED IN DENVER’S HISTORIC FIVE POINTS NEIGHBORHOOD, WITH EASY ACCESS TO RINO ART DISTRICT, DOWNTOWN DENVER AND THE LIGHT RAIL

Commercial Pending

Price

^$ 6,500,000

Property Type

Commercial

Taxes

^$ 43,488

Style

Low Rise (1-3)

Lot Size

0.4

Year Built

1929

Town/City

Denver

County/Region

Denver

MLS | Web ID

6482809

Features

General

Sewer Public Sewer

Garage Spaces 0

Exclusions Tenant's personal property

Year Built 1929

Stories Count 2

Property Subtype Multi Family

Tax Year 2025

Current Use Multi-Family

Gross Income 575001

Building Name Flats on 29th

County Denver

Operating Expense 197859

Property Type Commercial Sale

Attached Garage N

Contingency None Known

Status Pending

City Denver

Number Of Units Total 34

Lot Size Units Square Feet

Lot Size Square Feet 17220

Carport Spaces 0

Tax Annual Amount 43488

Structure Type Low Rise (1-3)

Standard Status Active Under Contract

Occupancy Type Tenant

Cap Rate 5.8

Exterior

Water Source Public

Total Parking 0

Lot Size Area 17220

Building Area Total 22996

Lot Size Acres 0.4

Internal Only

Street Number 1 407

* Excluded Features

List By

Pinnacle Real Estate Advisors

Broker

(303) 962-9543

Phone

Affordability Calculator

$44,176

Per Month

Monthly Principal & Interest: $40,552
Monthly Property Taxes: $3,624
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Denver, CO

Average List Price ^$1,681,634

Percent of Sale Price 74%

About Denver, CO

24,748 Population

9% Since 2002

^$36,940 Median Income

38.83 Median Age

13% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

242254 Elementary School

242425 Middle School

Unknown High School High School

Pricing History

Date	Price	Price Change	Description
11/6/2025	$6,500,000		Listed Price

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407, Denver, CO, 80205 is a Commercial Property for sale at $6,500,000 with 22,996 sqft and a lot size of 0.4. 407 was built in 1929. The property's zip code is 80205 which is in Denver, CO

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate on this web site comes in part from the Internet Data eXchange (IDX) Program of the REcolorado. Real estate listings held by firms other than Weichert Realtors are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/21/2025.

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407

Commercial Property for sale in Denver, CO

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