Side-by-Side Duplex
1021-1023 E 23rd Avenue Denver, CO 80205
For Sale
$915,000
Well-maintained side-by-side duplex featuring updated kitchens and baths with separate utility meters for both units.
Property Size2,324 SF
Price / SF$393.72
Days on Market126
Property Features for 1021-1023 E 23rd Avenue
General Information
- Standard status
- Active
- Size
- 2,324 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1902
Listing Agency:
The Agency - Denver
(720) 891-8283
Listed By:
Francis Lanzano · License #100087011
(720) 891-8283
Source:
Exitrealty
Added: Mar 21
Changed: Jul 23
Last Checked: Jul 24 at 6:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Agency - Denver
Investment Insights
Based on property information with market context.
This well-maintained side-by-side duplex offers two updated units with separate water, gas, and electric meters. Renovations include a new roof, new windows, new floors, and new interior paint, along with updated kitchens and bathrooms. Each unit includes a large primary suite sized for a king-size bed and a desk, and both benefit from lots of south-facing windows. Fireplaces are present but not currently operational.
The property is located in Five Points’ San Rafael section. The area is described as extremely central and walkable, with Uptown, Rino, the 17th Ave parkway, and the Welton Street corridor within walking distance.
The configuration supports independent metering and separate utility services for the two units, with updated interior finishes throughout.
The property is located in Five Points’ San Rafael section. The area is described as extremely central and walkable, with Uptown, Rino, the 17th Ave parkway, and the Welton Street corridor within walking distance.
The configuration supports independent metering and separate utility services for the two units, with updated interior finishes throughout.
Key Highlights
- Side‑by‑side duplex built in 1902 in Five Points’ San Rafael section
- New roof, new windows, new floors, and new interior paint
- Updated kitchens and bathrooms in both units
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 | $58.6k | $25.20 |
| − Vacancy | −$3.4k | −$1.46 |
| EGI | $55.2k | $23.74 |
| − OpEx | −$16.6k | −$7.12 |
| NOI | $38.6k | $16.62 |
2,324 SF · lease $25.20/SF/yr · vacancy 5.79% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$551.7K
$482.8K – $643.7K
NOI $38,622 @ 7.0% cap · market cap 4.22%
Second Best
Apartment 5plus
$504.1K
$441.1K – $588.1K
NOI $35,287 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$739.8K
$647.3K – $863.1K
NOI $51,787 @ 7.0% cap · market cap 5.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained side-by-side duplex featuring updated kitchens and baths with separate utility meters for both units.
Where is this duplex located?
The property is located at 1021-1023 E 23rd Avenue Denver, CO.
What is the asking price?
The asking price for this property is $915,000.
What are key features of this property?
This property features: Side‑by‑side duplex built in 1902 in Five Points’ San Rafael section; New roof, new windows, new floors, and new interior paint; Updated kitchens and bathrooms in both units
