2875 N Harrison Street, Denver, CO 80205

Property Description

2875 N Harrison Street presents a rare opportunity to acquire a stabilized 6-unit multifamily asset in one of Denver’s most dynamic infill neighborhoods. Situated on a large 0.45-acre corner lot near City Park, the property combines strong in-place cash flow with long-term redevelopment upside in a rapidly appreciating corridor. The single-story brick building offers operational simplicity with individually metered gas and electric, reducing landlord expenses and supporting efficient management. The property is currently operating at approximately a 7.46% cap rate with additional upside through continued rent optimization and future repositioning opportunities such as Condo Conversion. Beyond the existing income stream, the true value lies in the land and zoning flexibility. The E-MU-2.5 zoning allows for multiple residential redevelopment strategies including urban houses, duplexes, and townhomes, creating an attractive covered land play for investors seeking both current yield and future appreciation potential. Located minutes from City Park, downtown Denver, RiNo, and major redevelopment corridors, the property benefits from strong demographics, continued neighborhood investment, and growing demand for workforce and urban housing. The surrounding area features an average household income exceeding $123,000 within a one-mile radius and continued nearby development activity. Whether you are an investor seeking stable cash flow, a value-add operator looking for upside, or a developer pursuing a future land repositioning opportunity, 2875 N Harrison Street offers a compelling combination of income, location, and long-term potential.