6200 E Iliff AVE, Denver, CO 80222
6200 E Iliff AVE, Denver, CO 80222
6200 E Iliff AVE, Denver, CO 80222
6200 E Iliff AVE, Denver, CO 80222
6200 E Iliff AVE, Denver, CO 80222
6200 E Iliff AVE, Denver, CO 80222
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Carol Vanlandingham

Carol Vanlandingham

+1(303) 522-3130
$ 2,495,000
Est. payment | /mo

7,616 SqFt

Save
$ 2,495,000
Est. payment | /mo
Save

7,616 SqFt

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,616 sqft

Price per Sqft $327

MLS Listing ID 2107861

HOA Y/N No

Year Built 1994

Annual Tax Amount $13,841

Tax Year 2024

Lot Size 0.324 Acres

Acres 0.32

Property Sub-Type Multi Family

Source recolorado

Property Description

Pelican Cove Apartments is a rare 8-unit, townhome-style multifamily investment in a highly desirable South Denver location near I-25, the University of Denver, and the Denver Tech Center. The property consists of eight large 2-bedroom, 1-bath units averaging approximately 1,000 square feet, each featuring in-unit laundry, central air conditioning, and forced air heating. Configured as four stacked duplex-style buildings, the property offers a low-density layout that consistently attracts long-term tenants seeking privacy, separation, and livability not typically found in traditional apartment product. Originally built and owned by the same family for over 30 years, the asset has been exceptionally maintained with recent capital improvements including newer water heaters, upgraded exterior lighting, and resurfaced parking areas. Each unit benefits from covered parking with additional income potential through parking monetization, pet rent, and future RUBS implementation. Current rents remain below market, presenting a clear and executable value-add opportunity through interior upgrades, with strong support for rent growth based on comparable product in the area. With its combination of strong in-place income, desirable unit mix, excellent condition, and clear upside, Pelican Cove represents a compelling investment opportunity for both local and national multifamily investors seeking stable cash flow with long-term growth potential in a high-demand rental corridor.

Location

State CO

County Denver

Interior

Fireplace N

Exterior

Exterior Feature Balcony, Barbecue, Dog Run, Garden, Gas Grill

Garage Spaces 12.0

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected

Roof Type Composition

Total Parking Spaces 12

Garage No

Building

Lot Description Irrigated

Sewer Public Sewer

Water Public

Structure Type Concrete

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

REColorado (REColorado MLS)
© 2026 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Grant Real Estate Company

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Carol Vanlandingham

+1(303) 522-3130

carol.vanlandingham@exprealty.com

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6200 E Iliff AVE