6200 E Iliff Avenue Denver, CO ^$ 2,495,000

6200 E Iliff Avenue

^$ 2,495,000

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6200 E Iliff Avenue

Denver, CO, 80222

^$ 2,495,000

Bedrooms-- Baths-- Sq 7,616

Monthly Estimate*

^$ 15,754

Listed by Grant Real Estate Company

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Commercial Property for sale in Denver, CO

for $2,495,000. This 7,616 square foot building was built in 1994 on a lot size of 0.32.

**Recent Leasing Activity Validates Pro Forma:** Since bringing the property to market, ownership has leased one of the lower-level units for **$2,150 per month plus $100 per month in utility reimbursements**, providing real-world validation of the property's projected income potential. Pelican Cove Apartments is a rare 8-unit, townhome-style multifamily investment located in one of South Denver's most desirable rental corridors near I-25, the University of Denver, and the Denver Tech Center. The property features eight spacious 2-bedroom, 1-bath residences averaging approximately 1,000 square feet, each with in-unit laundry, central air conditioning, and forced-air heating. Configured as four stacked duplex-style buildings, Pelican Cove offers a low-density, residential feel that consistently attracts long-term tenants seeking privacy and separation not typically found in traditional apartment communities. Originally built and owned by the same family for over 30 years, the property reflects exceptional pride of ownership and has been meticulously maintained with numerous capital improvements, including newer water heaters, upgraded exterior lighting, resurfaced parking areas, and ongoing system upgrades. The asset offers multiple avenues for future income growth through continued rental increases, utility reimbursements (RUBS), parking monetization, and pet rent, while current leasing activity continues to support the property's projected upside. With strong in-place cash flow, an attractive unit mix, outstanding physical condition, and clear value-add opportunities, Pelican Cove presents a compelling investment opportunity for local and national multifamily investors, including 1031 exchange buyers seeking a well-maintained Denver asset with long-term upside.

Commercial Active

Price

^$ 2,495,000

Property Type

Commercial

Taxes

^$ 13,841

Style

Low Rise (1-3)

Lot Size

0.32

Year Built

1994

Town/City

Denver

County/Region

Denver

MLS | Web ID

2107861

Features

General

Sewer Public Sewer

Utilities Cable Available Electricity Connected Natural Gas Connected Phone Connected Sewer Connected

Roof Composition

Garage Spaces 12

Security Features Carbon Monoxide Detector(s) Secured Garage/Parking Security Entrance Smart Locks Smoke Detector(s)

Construction Materials Concrete

Year Built 1994

Tenant Pays Electricity Internet

Property Subtype Multi Family

Tax Year 2024

Current Use Multi-Family

Gross Income 169800

Building Name Pelican Cove

County Denver

Operating Expense 41944

Property Type Commercial Sale

Attached Garage N

Building Features Bike Storage Gated Storage

Status Active

City Denver

Number Of Units Total 8

Lot Size Units Square Feet

Lot Size Square Feet 14100

Carport Spaces 0

Listing Terms Cash Conventional

Tax Annual Amount 13841

Leasable Area 7616

Structure Type Low Rise (1-3)

Standard Status Active

Occupancy Type Tenant

Cap Rate 6.6

Exterior

Exterior Amenities Balcony Barbecue Dog Run Garden Gas Grill

Lot Features Irrigated

Water Source Public

Total Parking 12

Lot Size Area 14100

Building Area Total 7616

Lot Size Acres 0.32

Road Surface Type Paved

Road Frontage Type Public

Road Responsibility Public Maintained Road

Internal Only

Street Number 1 6200

* Excluded Features

List By

Grant Real Estate Company

Broker

(941) 224-1622

Phone

Affordability Calculator

$16,907

Per Month

Monthly Principal & Interest: $15,754
Monthly Property Taxes: $1,153
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.49% 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 ^$1,956,252

Percent of Sale Price 22%

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
5/12/2026	$2,495,000		Listed Price

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6200 E Iliff Avenue, Denver, CO, 80222 is a Commercial Property for sale at $2,495,000 with 7,616 sqft and a lot size of 0.32. 6200 E Iliff Avenue was built in 1994. The property's zip code is 80222 which is in Denver, CO

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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 8/25/2026.

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6200 E Iliff Avenue

Commercial Property for sale in Denver, CO

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