All-Brick Duplex with Updated
For Sale
$840,000
1035-1037 N Raleigh Street, Denver, CO 80204
Two residential units offer flexible occupancy, spacious living areas, and recent mechanical and interior improvements.
Property Size3,536 SF
Days on Market41
Property Features for 1035-1037 N Raleigh Street
General Information
Standard status
Active
Size
3,536 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,952
Building Details
Building Size
3,536 SF
Year Built
1973
Construction
brick
Listing Agency:
Compass - Denver
Listed By:
Andrew Goldberg · License #100056760
(847) 363-9232
Source:
Eliselosassore
Added: Sep 4
Changed: Oct 6
Last Checked: Oct 13 at 1:06AM
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 Compass - Denver
Investment Insights
Based on property information with market context.
This all-brick duplex, built in 1973, contains two residential units with a combined eight conforming bedrooms and four bathrooms. Both sides feature large bedrooms, substantial closet storage, full laundry rooms, abundant natural light, and generously sized living rooms on both levels. Recent work includes updated kitchens, water heaters, AC units, one furnace, interior paint, doors, carpeting, lighting, LVP flooring in one unit, and a newer roof. The sewer line has also been updated.
One unit is vacant, while the other is occupied under a month-to-month lease. The property is located near Dry Gulch Park, Sloan’s Lake, Downtown Denver, Perry Street Station Light Rail, and highway access, providing connectivity to parks, employment centers, transit, and regional routes.
One unit is vacant, while the other is occupied under a month-to-month lease. The property is located near Dry Gulch Park, Sloan’s Lake, Downtown Denver, Perry Street Station Light Rail, and highway access, providing connectivity to parks, employment centers, transit, and regional routes.
Key Highlights
- All‑brick duplex with 8 conforming bedrooms and 4 bathrooms
- Built in 1973 with two residential units
- Updated sewer line, kitchens, water heaters, AC units, and one furnace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,764
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,175,280
$1.2M
Cap Rate 7%
$839,486
$839.5K
Cap Rate 9%
$652,933
$652.9K
Market Conditions
NOI Build-Up for 3,536 SF
Gross rent
$89.1K $25.20/SF
− Vacancy
−$5.2K −$1.46/SF
EGI
$83.9K $23.74/SF
− OpEx
−$25.2K −$7.12/SF
NOI
$58.8K $16.62/SF
Area
Denver, CO
Vacancy
5.79%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,175,280
Cap Rate 7%
$839,486
Cap Rate 9%
$652,933
Alternative Uses
Best Use
Multifamily LT 5
$839.5K
$734.6K – $979.4K
NOI $58,764 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$767.0K
$671.1K – $894.8K
NOI $53,689 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$1.13M
$984.9K – $1.31M
NOI $78,795 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
867
Businesses Nearby
Explore this area
Business Placement
Demographics for 80204, CO
35,269
Population
18,378
Households
1.9
Avg Household Size
33
Median Age
51%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$79,265
Median Household Income
$58,860
Median Earnings
$1,724
Median Rent
$579,900
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 - Two residential units offer flexible occupancy, spacious living areas, and recent mechanical and interior improvements.
Where is this duplex located?
The property is located at 1035-1037 N Raleigh Street Denver, CO.
What is the asking price?
The asking price for this property is $840,000.
What are key features of this property?
This property features: All‑brick duplex with 8 conforming bedrooms and 4 bathrooms; Built in 1973 with two residential units; Updated sewer line, kitchens, water heaters, AC units, and one furnace
