Updated Duplex in Hale
For Sale
$825,000
5101 E 8th Ave, Denver, CO 80220
MULTI_FAMILY - Denver, CO
Property Size3,110 SF
Lot Size0.14 Acres
Price / SF$265.27
Days on Market148
Property Features for 5101 E 8th Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
E-MU-2.5
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 5, Bathroom 3, Bathroom 2, Bedroom 6, Basement, Bathroom 1, Bedroom 1, Bathroom 4
Parking
4
Patio and Porch features
Patio
Fencing
Fenced
Basement
Partially Finished
Appliances
Electric Range, Dishwasher, Refrigerator, Washer, Dryer, Microwave
Subdivision
Olmsted & Chamberlins Colfax Park
Elementary school
Palmer
Middle school
Hill
High school
Washington, George
Elementary school district
Denver District 1
Middle school district
Denver District 1
High school district
Denver District 1
Directions
Use GPS
Standard status
Active
APN
6064-12-003
Size
3,110 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
5539
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1942
Floors in Building
2
Number of units
2
Building materials
Brick
Roof type
Composition
Listing Agency:
Your Castle Real Estate LLC
(303) 962-4272
Listed By:
Emily Fletcher · License #100066645
(719) 640-8277
Added: Mar 6
Changed: Jul 28
Last Checked: Aug 1 at 8:06PM
MLS# 1053837
Copyright © 2026 IRES MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in the Hale neighborhood, this updated duplex is available for purchase. The property features two units, each with three bedrooms and two bathrooms, plus a bonus nook suitable for a home office, workout space, library, or storage. Each unit also includes in-unit laundry, off-street parking, and a private backyard. The property benefits from south-facing exposure and ample windows, providing natural light, with garden-level windows in the basement. Recent upgrades include updated kitchens, bathrooms, and exterior, along with new hot water heaters, furnaces, PEX plumbing, sewer line, and siding. The property offers potential for long-term growth and has a stable rental history. The duplex is suitable for investors seeking a long-term investment or for owner-occupiers. The property is zoned E-MU-2.5 and has a lot size of 0.14 acres. The total property size is 3110 square feet.
Key Highlights
- Turnkey side‑by‑side full duplex built in 1942 with brick construction
- Each unit has 3 bedrooms and 2 bathrooms plus a bonus nook and garden‑level basement windows
- In‑unit laundry for each unit and furnished appliances including electric range, dishwasher, refrigerator, washer, dryer, and microwave
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.4k | $25.20 |
| − Vacancy | −$4.5k | −$1.46 |
| EGI | $73.8k | $23.74 |
| − OpEx | −$22.2k | −$7.12 |
| NOI | $51.7k | $16.62 |
3,110 SF · lease $25.20/SF/yr · vacancy 5.79% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$738.3K
$646.1K – $861.4K
NOI $51,684 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$674.6K
$590.3K – $787.0K
NOI $47,221 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$990.0K
$866.3K – $1.16M
NOI $69,302 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,182
Businesses Nearby
Explore this area
Business Placement
Demographics for 80220, CO
37,233
Population
17,675
Households
2.1
Avg Household Size
37
Median Age
66%
College-Educated
94%
High-School Grad
5.2 sq mi
ZIP Area
7,160
Density / Sq Mi
$101,961
Median Household Income
$61,568
Median Earnings
$1,621
Median Rent
$739,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Turnkey duplex with upgrades in a desirable Denver location.
Where is this duplex located?
The property is located at 5101 E 8th Ave Denver, CO.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Turnkey side‑by‑side full duplex built in 1942 with brick construction; Each unit has 3 bedrooms and 2 bathrooms plus a bonus nook and garden‑level basement windows; In‑unit laundry for each unit and furnished appliances including electric range, dishwasher, refrigerator, washer, dryer, and microwave
