Updated Brick
For Sale
$800,000
1035 N Raleigh St, Denver, CO 80204
Two separate residences offer eight conforming bedrooms, full laundry rooms, and a mix of vacant and month-to-month occupancy.
Property Size3,536 SF
Price / SF$226.24
Days on Market13
Property Features for 1035 N Raleigh St
General Information
Standard status
Active
Size
3,536 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Villa Park
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,952
Amenities
full laundry rooms
Full,Partially Finished
Eat-in Kitchen
1768
6
No
Off Street
Gravel
3536
Building Details
Building Size
3,536 SF
Year Built
1973
Buildings
1
Stories
2
Construction
all-brick
Tenancy
Single
Listing Agency:
Compass - Denver
(970) 594-9228
Listed By:
Monica Pettypool
Source:
Focalrealestategroup
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 28 at 4:01PM
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
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Investment Insights
Based on property information with market context.
This 3,536-square-foot, all-brick duplex was built in 1973 and contains 8 conforming bedrooms and 4 bathrooms. Both residences have large living areas, full laundry rooms, generous closet space, and natural light. Improvements include updated kitchens, a newer roof, an updated sewer line, new retaining wall and water heaters, and newer paint, doors, and carpeting. One unit also has new LVP flooring; AC units on both sides and a furnace on one side have been replaced. One residence is vacant, while the other is occupied under a month-to-month lease.
The property is at 1035 N Raleigh St in Denver, with access to Dry Gulch Park, Sloan’s Lake, Downtown Denver, Perry Street Station Light Rail, and highway connections. The two-unit configuration and differing occupancy status provide distinct options for use of the residences.
The property is at 1035 N Raleigh St in Denver, with access to Dry Gulch Park, Sloan’s Lake, Downtown Denver, Perry Street Station Light Rail, and highway connections. The two-unit configuration and differing occupancy status provide distinct options for use of the residences.
Key Highlights
- All‑brick duplex with 3,536 square feet; built in 1973
- 8 conforming bedrooms and 4 bathrooms across two residences
- One unit vacant; the other occupied on a month‑to‑month lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,764
Cap Rate
7.35%
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 7.35%
Second Best
Apartment 5plus
$767.0K
$671.1K – $894.8K
NOI $53,689 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$1.13M
$984.9K – $1.31M
NOI $78,795 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
867
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer eight conforming bedrooms, full laundry rooms, and a mix of vacant and month-to-month occupancy.
Where is this duplex located?
The property is located at 1035 N Raleigh St Denver, CO.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: All‑brick duplex with 3,536 square feet; built in 1973; 8 conforming bedrooms and 4 bathrooms across two residences; One unit vacant; the other occupied on a month‑to‑month lease
