Address
1432 N Pennsylvania Street, Denver, CO
Price
$ 2,600,000
Property Attributes
- MLS#9309379
- TypeCommercial
- Listing Status Active
- CountyDENVER
- CityDenver
- Zip80203
- Style
- Year Built1919
- Taxes$ 12036
- Price$ 2,600,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage8013
- Lot Size0.14 Acres
Data Source:
REColorado (MTOMLS)
Property Description
The Glenellen is a distinguished trophy asset positioned in the heart of Capitol Hill - one of Denver’s most walkable and desirable urban neighborhoods. The property comprises eight generously sized 2-bedroom/2-bathroom residences with private office nooks, a configuration that is genuinely rare in this submarket. Each unit has been thoughtfully renovated with designer luxury vinyl plank flooring, updated kitchens and baths, stainless appliances, upgraded lighting, and in-unit washer/dryer. The building’s classic brick exterior and gated courtyard lend exceptional curb appeal, while five private garage spaces provide a tenant amenity that commands a meaningful premium on this block. What truly differentiates this offering is the assumable CBRE Freddie Mac SBL loan - fixed at 3.79% interest-only until May 2031 - a financing structure that is nearly impossible to replicate in today’s rate environment and creates immediate, tangible cash flow advantages for the acquiring investor. RARE ASSUMABLE FINANCING AT 3.79% FIXED, INTEREST-ONLY THROUGH MAY 2031. BUILT BACK FROM THE STUDS IN 2010 – NEWER PLUMBING AND ELECTRICAL. EIGHT LARGE CONDO-STYLE 2BD/2BA UNITS WITH OFFICE NOOKS. TURN-KEY ASSET - UPGRADED WITH DESIGNER LVP FLOORING, NEW KITCHENS, UPDATED BATHS, STAINLESS APPLIANCES, IN-UNIT WASHER/DRYER, AND MODERN LIGHTING. POTENTIAL FOR CONDO CONVERSION AND/OR ADU ADDITIONS. FIVE PRIVATE GARAGE SPACES - A HIGHLY DIFFERENTIATED AMENITY IN AN URBAN SUBMARKET WHERE OFF-STREET PARKING IS SCARCE. PREMIER CAPITOL HILL LOCATION - WALK SCORE 97.
| Price History | |
|---|---|
| 6/18/2026 | Listed $2,600,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Zoning | G-RO-5 |
| Garage Spaces | 5 |
| Exclusions | Tenant's Personal Property |
| Year Built | 1919 |
| Property Subtype | Multi Family |
| Tax Year | 2024 |
| Current Use | Multi-Family |
| Gross Income | 195206 |
| Building Name | Glenellen |
| County | Denver |
| Operating Expense | 60060 |
| Property Type | Commercial Sale |
| Attached Garage | No |
| Status | Active |
| City | Denver |
| Number Of Units Total | 8 |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 6250 |
| Listing Terms | Cash,Conventional |
| Tax Annual Amount | 12036 |
| Lease Considered Y/N | No |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Cap Rate | 5.2 |
Exterior Features
| Water Source | Public |
|---|---|
| Total Parking | 5 |
| Lot Size Area | 6250 |
| Building Area Total | 8013 |
| Lot Size Acres | 0.14 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 80203
Price
Taxes
Year Built
Visits
The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO©. Real estate listings held by brokers other than Luxe Haven Realty LLC are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified. September 25, 2026 9:56 PM UTCd
