2017 Q1 Central Denver Multifamily Sales Comps

Calibrate Real Estate, in conjunction with the Denver Apartment Buildings for Sale website, published it’s 1st Quarter newsletter for 2017. The purpose of this newsletter is to provide insight on the direction of the Central Denver apartment sales market and to recap the transactions that have occurred since our last newsletter was published. These transactions occurred within (12/1/2016-3/1/2017). We have compiled the CoStar sales comps in Central Denver that include multifamily and 5+ units. Details below:

Row 1 (Left to Right):
21 Logan Street sold for $2,469,037 ($205,753/Unit)
833 East 14th Avenue sold for $5,300,000 ($155,882/Unit)
849 Humboldt Street sold for $1,450,000 ($207,143/Unit)
1335 Gaylord Street sold for $3,253,963 ($191,409/Unit)

Row 2 (Left to Right):
1537 Pearl Street sold for $1,050,000 ($175,000/Unit)
917 East 13th Avenue sold for $825,000 ($165,000/Unit)
1260 Pennsylvania Street sold for $3,600,000 ($144,000/Unit)
1840 Vine Street sold for $925,000 ($154,167/Unit)

Row 3 (Left to Right):
444 East 19th Avenue sold for $99,500,000 ($329,470/Unit)
1220-1226 Pearl Street sold for $2,215,000 ($170,385/Unit)
310 West Archer Place sold for $3,158,000 ($185,765/Unit)

Please note: This quarter had the fewest number of sales that we’ve seen in years.

Calibrate Real Estate
900 East Louisiana Avenue #203, Denver, CO 80210