1149 Syracuse St

Denver, CO 80220

Property Overview

Address 1149 Syracuse St Denver, CO 80220
Property Type Multi Family

Located at 1149 Syracuse Street in the highly sought-after Montclair neighborhood of Denver, this property enjoys a prime position in one of the city’s most established and character-rich submarkets. Montclair is renowned for its tree-lined streets, a unique blend of classic architecture and modern infill development, providing residents with a quaint, neighborhood-focused atmosphere. Its proximity to key destinations like Lowry Town Center and Central Park further enhances the property’s appeal, offering easy access to shopping, dining, and recreational amenities.

The property is conveniently connected to major routes including East Colfax Avenue and Yosemite Boulevard, making commuting simple and providing easy access to employment hubs and public transportation. With rental demand driven by the area's quiet residential appeal and access to well-established infrastructure, the property stands out in a supply-constrained market where housing turnover is limited. The strong rental demand is supported by the continued reinvestment in the area, contributing to consistent value appreciation in this stable submarket.

The property at 1149 Syracuse Street consists of four rental units with a gross monthly income of $5,450 and projected gross income of $6,000. The units range are 2-bedroom, 1-bath layouts with square footage of 800 sq. ft. each. Current leases extend through 2026, with a mix of fixed-term and month-to-month arrangements. Operating expenses are well-managed, and the property generates a Net Operating Income (NOI) of approximately $46,326 for 2025, reflecting a steady and reliable investment with strong returns.

Highlights

PRIME LOCATION IN MONTCLAIR NEIGHBORHOOD: Situated in the heart of one of Denver’s most character-rich submarkets, the property benefits from a quiet, tree-lined residential setting. Montclair is renowned for its mix of classic architecture and modern infill,.

EASY CONNECTIVITY: The property enjoys excellent access to major routes like East Colfax Avenue and Yosemite Boulevard, offering tenants seamless connectivity to public transportation, major employment centers, and other parts of Denver, making commuting and daily errands convenient.

STRONG RENTAL DEMAND: The Montclair neighborhood continues to experience stable rental demand, supported by ongoing reinvestment and limited housing turnover. The area’s balanced blend of residential appeal and accessibility attracts long-term tenants seeking a livable, community-oriented environment.

WELL-MAINTAINED AND FULLY LEASED UNITS: The property features four rental units, each offering 2-bedroom, 1-bath layouts with 800 sq. ft. of space. With leases extending into 2026, the property presents a reliable income stream with consistent rental occupancy.

PROXIMITY TO KEY AMENITIEs: Just minutes away from Lowry Town Center and Central Park, the property provides residents with convenient access to retail, dining, parks, and employment hubs, enhancing the area’s overall appeal for tenants.

ADEQUATE PARKING: The property includes 6 parking spaces, providing added convenience for tenants. Montclair's ongoing reinvestment, combined with the property’s location, offers durable value appreciation.