Highlights
• Charming gem in an impeccable Capital Hill location • Very Attractive Loan Assumption through August 2027; 4.02% Interest rate; Over 50% LTV. • 1920’s character with entirely modernized systems • Substantial CapEx completed with ability to implement a cosmetic value add in order to maximize income & tenant experience • Potential for increased rental income and additional revenue streams through bike storage, lockers, and amenity fees • Close proximity to business district and all major employers
Description
The Acacia is a well-preserved historic property in Denver’s sought-after Capitol Hill neighborhood, comprising 55 units—30 two-bedroom apartments and 25 studios that can be readily converted into one-bedroom layouts. The building has been carefully maintained with significant upgrades to major mechanical systems, including the boiler, electrical panels, and plumbing (with the exception of in-unit bathrooms), along with window replacements completed as needed to improve efficiency and appearance. Investors benefit from an attractive loan assumption with Chase for $5,500,000 at a competitive 4.02% interest rate, supporting a practical value-add approach that enables income growth over time as leases renew rather than requiring immediate turnover. Positioned in a mature but continually improving submarket, the Acacia offers strong long-term cash flow potential, pairing historic character and modern updates with a location poised for ongoing demand and appreciation.
Listing Details
- Cap Rate
6.68%
- Tenancy
Multi
- Space Type
multifamily
- Sub Category
apartments-building
- Sale Type
Investment Sale
- Date Listed
12/2/2025
- Net Operating Income
$514,599
Property Specifics
- Property Name
Acacia Apartments | 429 E 14th Ave
- Property Class
C
- No of Buildings
1
- No of Stories
3
- No of Units
55
- Year Built
1922
- Building Size
32,675 SF
- Lot Size
0.36 AC
- APN
5031-04-007
- Zoning
R-4