1200 E 24th Avenue Denver, CO $ 1,500,000
1200 E 24th Avenue
$ 1,500,000
Share Save

1200 E 24th Avenue

Denver, CO, 80205
$ 1,500,000
Bedrooms-- Baths-- Sq 3,101

Monthly Estimate*

$ 9,236

Listed by Synergy Associates Inc
1200 E 24th Avenue, Denver, CO 80205 - Image 1
1200 E 24th Avenue, Denver, CO 80205 - Image 2
1200 E 24th Avenue, Denver, CO 80205 - Image 3
1200 E 24th Avenue, Denver, CO 80205 - Image 4
1200 E 24th Avenue, Denver, CO 80205 - Image 5
1200 E 24th Avenue, Denver, CO 80205 - Image 6
1200 E 24th Avenue, Denver, CO 80205 - Image 7
1200 E 24th Avenue, Denver, CO 80205 - Image 8
1200 E 24th Avenue, Denver, CO 80205 - Image 9

Commercial Property for sale in Denver, CO

for $1,500,000. This 3,101 square foot building was built in 1945 on a lot size of 0.29.

Tremendous opportunity with this very unique situation! This listing includes both 2344/2346 Downing Street & 1200-1206 E 24th Ave. Two separate legal parcels allow you to get two conventional (even FHA) loans and two insurance policies offering better rates and terms than commercial products. You could sell the parcels separately or go one step further and sell each unit individually through a party wall split. However, this also makes a great hold! Offered at over a 5.8% cap rate on actual numbers, this turnkey asset boasts 2 to 1 parking, WA/DR in each unit, separate hot water heaters and HVAC systems. (5 of the 6 have central air) Large lot that would allow you to build additional units through an ADU. Long term tenants who pay their own electric and gas. Ideally located close to downtown, Rino, RTD, parks, shopping, restaurants, etc.

See more

Commercial Active

Price

$ 1,500,000

Property Type

Commercial

Taxes

$ 4,618

Style

Traditional

Lot Size

0.29

Year Built

1945

Town/City

Denver

County/Region

Denver

MLS | Web ID

4895373

Features
General
Sewer Public Sewer
Utilities Electricity Connected Natural Gas Connected Phone Connected Sewer Connected
Possession Closing/DOD
Roof Composition
Zoning U-SU-B1
Garage Spaces 0
Architectural Style Traditional
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Brick
Exclusions Tenants' personal possessions
Year Built 1945
Electric 220 Volts
Tenant Pays Cable TV Electricity Gas Internet Telephone
Stories Count 1
Property Subtype Multi Family
Tax Year 2024
Current Use Multi-Family
Gross Income 110125
County Denver
Operating Expense 22798
Property Type Commercial Sale
Attached Garage N
Status Active
Directions Located on the SE corner of 24th & Downing. Duplex on Downing & four unit on 24th
City Denver
Number Of Units Total 6
Lot Size Units Square Feet
Lot Size Square Feet 12668
Carport Spaces 0
Listing Terms Cash Conventional
Tax Annual Amount 4618
Structure Type Free Standing
Standard Status Active
Occupancy Type Tenant
Cap Rate 5.82
See more
Exterior
Lot Features Corner Lot Near Public Transit
Water Source Public
Total Parking 12
Lot Size Area 12668
Building Area Total 3101
Lot Size Acres 0.29
Road Surface Type Alley Paved Paved
Road Frontage Type Public
Road Responsibility Public Maintained Road
See more
Internal Only
Street Number 1 1200
See more
* Excluded Features
List By
Synergy Associates Inc

Broker

(720) 275-1507

Phone

Affordability Calculator

$9,621
Per Month
96%
4%
0%
Monthly Principal & Interest
$9,236
Monthly Property Taxes
$385
Monthly Home Insurance
--
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.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/3/2026$1,500,000 Listed Price

Map


See all

1200 E 24th Avenue, Denver, CO, 80205 is a Commercial Property for sale at $1,500,000 with 3,101 sqft and a lot size of 0.29. 1200 E 24th Avenue was built in 1945. The property's zip code is 80205 which is in Denver, CO