8,013 sqft

$2,600,000

1432 N Pennsylvania Street, Denver CO, 80203

Price per sqft$324.47

Built in1919

Property size8,013 sqft

Property typeCommercial

Overview

Active

Listed Jun 18, 2026

Updated Jun 19

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.

Additional information

MLS^® ID: 9309379

Interior Features

Basement: No

Exterior Features

Lot Size: 0.14 Acres

Other Property Details

Taxes: $12,036
Tax Frequency: Annually
Garage: Yes

Listed by Pinnacle Real Estate Advisors, Luke Salazar, Listing Contact:

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Data last updated 4:16 AM UTC, 6/19/2026

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