$2,600,000

1432 N Pennsylvania Street, Denver, CO 80203

8,013 sqft

Multi-Family Home
Built in 1919
6,098sqft lot
5 car garage
$324/sqft
Listed 17 days ago

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.

Listing Status:: Active
Data Last Updated:: July 5, 2026 at 7:21AM
Listing Office:: Pinnacle Real Estate Advisors : 303-962-9555
Listing Agent:: Luke Salazar : 303-962-9534
MLS ID:: 9309379

Parking: Parking spaces: 5

Originating MLS: recolorado
County: Denver

Zoning: G-RO-5J W SMITHS ADD B82 L11 & 125031-03-004
Current Use: Multi-Family

Water: Public
Sewer: Public Sewer

Source: recolorado
Exclusions: Tenant's Personal Property

This listing courtesy of Luke Salazar , Pinnacle Real Estate Advisors

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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