Denver Apartment Building Sells for $987,500

Announcing the Sale of 546 N Washington Street

Denver, CO – March 16th, 2021 – Madison Commercial Properties is pleased to announce the purchase of the multi-family building at 546 N Washington St, Denver, CO.
The apartment building was built in 1906, consists of 5 units, 2,970 SF and is located at 6th Ave & N Washington St in the Alamo Placita Neighborhood.

It was purchased for $987,500, $197,500/unit, $332/SF at a 5.44% Cap Rate.

Doug Gates from Madison Commercial and Kelly Zinke with Porch Light Group represented the local buyers in the transaction. Ryan Cohn with Newmark represented the seller.