2017 Q2 Central Denver Multifamily Sales Comps

Calibrate Real Estate, in conjunction with the Denver Apartment Buildings for Sale website, published it’s 2nd 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 (3/1/2017-6/1/2017). We have compiled the CoStar sales comps in Central Denver that include multifamily and 5+ units. Details below:
Screen Shot 2017-08-18 at 10.34.51 AM

Row 1 (Left to Right):
1222-1226 E. 10th Avenue sold for $3,705,000 ($285,000/Unit)
150 Garfield Street sold for $1,638,000 ($234,000/Unit)
1113 E. 14th Avenue sold for $2,950,000 ($368,750/Unit)
1520 Steele Street sold for $1,250,000 ($208,333/Unit)

Row 2 (Left to Right):
807 E. 5th Avenue sold for $1,320,000 ($165,000/Unit)
1124 Saint Paul Street sold for $1,575,000 ($262,500/Unit)
80 S. Washington Street sold for $930,000 ($132,857/Unit)
2358 S. University Boulevard sold for $1,855,000 ($154,583/Unit)

Row 3 (Left to Right):
2727 W. 33rd Avenue sold for $4,800,000 ($282,353/Unit)
1639 Race Street sold for $2,350,000 ($195,833/Unit)
1641-1645 Vine Street sold for $1,195,000 ($132,778/Unit)
245 Bannock Street sold for $3,250,000 ($216,667/Unit)

 

Please note: While prices continue to set records, this is the second quarter in a row that we have seen a significant drop-off in Central Denver sales volume (compared to the past couple of years)


Calibrate Real Estate
900 East Louisiana Avenue #203, Denver, CO 80210
http://www.CalibrateRE.com
kyle@CalibrateRE.com
greg@CalibrateRE.com
http://www.DenverApartmentBuildingsForSale.com

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