Rare Capitol Hill Multifamily Investment – Historic Charm Meets Strong Cash Flow
Exceptional opportunity to own a beautifully converted mansion in the highly sought-after Capitol Hill neighborhood. This unique asset features seven total units, including five units in the main residence and two additional units in a detached carriage house, offering diversified income streams in one of Denver’s most desirable rental markets.
Rich in character, the property showcases historic architectural details such as stone exterior, stained glass windows, charming balconies, and an inviting front porch, creating strong tenant appeal and lasting curb presence.
Residents enjoy a shared community laundry in the basement along with a private courtyard/garden area, enhancing livability and tenant retention. The current owner has maintained consistent occupancy with very low turnover, a testament to the location and quality of the property.
Major system upgrades include a new boiler (2024), as well as updated interior gas lines and main water lines, providing peace of mind and reduced capital expense for future ownership.
Ideally located near public transportation, parks, dining, and urban amenities, this property continues to attract long-term tenants seeking both convenience and character.
Strong in-place income and proven cash flow performance make this a standout investment opportunity.
Property Details
- Acres
- 0.109
- Lot Size (sqft)
- 4745.0
- Property Type
- Purchase
- Style
- Traditional
- Year Built
- 1892
- Roof
- Composition
- Sewer Information
- Public Sewer
- Utility Source
- Public
- County
- DENVER
- Region
- Denver
- Zoning
- G-MU-5
- Taxes Annual
- $7,787
- MLS #
- 5171222
- Property Subtype
- Multi Family
- Parcel Number
- 5038-03-004
- MLS #
- 5171222
- Date Listed
- April 23, 2026
- Address
- 1060 Pennsylvania Street
Location
Legal
Based on information submitted to the MLS GRID as of 2026-09-08 16:57:36 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: Sep 8, 2026 4:57 PM. Source: RECOLORADO
Provided By
Listed by Lisa Nicholaides (#82acad2ceb825dd6bd1bf95330dc894f), 303-638-9038
Listing Office: Verity Real Estate
Legal Notice
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Buyer Agency Compensation
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
