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

6200 E Iliff Avenue

^$ 2,495,000

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Recently Listed

6200 E Iliff Avenue

Denver, CO, 80222

^$ 2,495,000

Bedrooms-- Baths-- Sq 7,616

Monthly Estimate*

^$ 15,362

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.

Pelican Cove Apartments is a rare 8-unit, townhome-style multifamily investment in a highly desirable South Denver location near I-25, the University of Denver, and the Denver Tech Center. The property consists of eight large 2-bedroom, 1-bath units averaging approximately 1,000 square feet, each featuring in-unit laundry, central air conditioning, and forced air heating. Configured as four stacked duplex-style buildings, the property offers a low-density layout that consistently attracts long-term tenants seeking privacy, separation, and livability not typically found in traditional apartment product. Originally built and owned by the same family for over 30 years, the asset has been exceptionally maintained with recent capital improvements including newer water heaters, upgraded exterior lighting, and resurfaced parking areas. Each unit benefits from covered parking with additional income potential through parking monetization, pet rent, and future RUBS implementation. Current rents remain below market, presenting a clear and executable value-add opportunity through interior upgrades, with strong support for rent growth based on comparable product in the area. With its combination of strong in-place income, desirable unit mix, excellent condition, and clear upside, Pelican Cove represents a compelling investment opportunity for both local and national multifamily investors seeking stable cash flow with long-term growth potential in a high-demand rental corridor.

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 167640

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

$16,516

Per Month

Monthly Principal & Interest: $15,362
Monthly Property Taxes: $1,153
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% 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 ^$2,000,898

Percent of Sale Price 20%

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 6.25% 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 5/19/2026.

This publication is designed to provide information with regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

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6200 E Iliff Avenue

Commercial Property for sale in Denver, CO

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