477 Pennsylvania St. offers an exceptional value-add opportunity in the heart of Denver’s Alamo Placita Historic District. Priced to sell, this charming 4-unit building consists of three 1-bedroom apartments and one studio. Each residence offers comfortable layouts with strong rental demand driven by the property’s central location near Broadway, Speer, Downtown and Cherry Creek.
Well-maintained under the same ownership since 1996, the property presents clear upside for a new owner to add value through upgrades to the apartments or a complete reconfiguration of the building. Surrounded by historic homes on a quiet block, it’s priced accordingly for those seeking either a stable 4-unit investment or the opportunity to reimagine it as a signature single-family
residence.
Listed by Austin Bengford
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License #155064667
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NorthPeak Commercial Advisors, LLC
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970-692-3008
Listed by Conner Piretti
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License #022346
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NorthPeak Commercial Advisors, LLC
Last updated October 16, 2025
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Source: REcolorado #4179093
Listing Facts
TypeMulti-family
NeighborhoodSpeer
Bedrooms3
Bathrooms4
Days on Prevu9
Taxes$4,205.62/year
Size2,262 sqft
Price per sqft$343
Amenities
Private Outdoor Space
Parking
Location
Mortgage Calculator
Listing History
10/15/2025
Listed by NorthPeak Commercial Advisors, LLC
$775,000
Property Details for 477 N Pennsylvania Street
Exterior
Construction
Roof: Shingle
Structure Type: Quadruplex
Year Built: 1906
Construction Materials: Brick
Exterior Features: Balcony
Features
Direction Faces: East
Fencing: Full
Patio And Porch Features: Covered, Deck, Front Porch, Patio
Measurements
Building Area Total: 2,262
Lot Features: Corner Lot, Historical District
Lot Size Acres: 0.07
Lot Size Area: 3,000
Lot Size Square Feet: 3,000
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 4.5
Gross Income: $50,343.00
Operating Expense: $15,573.00
Operating Expense Includes: Insurance, Maintenance, Real Estate Tax, Utilities
Taxes
Parcel Number: 0511311023000
Tax Annual Amount: $4,205.62
Tax Year: 2025
Interior
Features
Flooring: Carpet, Tile, Vinyl, Wood
Measurements
Living Area: 2,262
Rooms
Basement: Full, Walk-Out Access
Has Basement: Yes
Bathrooms Total Integer: 4
Bedrooms Total: 3
Other
Location
Subdivision Name: Speer
Schools
Elementary School
Elementary School: Dora Moore
Elementary School District: Denver 1
High School
High School: West
High School District: Denver 1
Middle or Junior School
Middle Or Junior School: Dora Moore
Middle Or Junior School District: Denver 1
Utilities
Equipment
Heating: Forced Air
Sewer: Public Sewer
Utilities: Electricity Connected, Natural Gas Connected
Water Source: Public
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