Corner-Lot Duplex with Private
For Sale
$339,000
1105 & 1107 S Zenobia Street, Denver, CO 80219
Two residential units include in-unit laundry, separate utility meters, off-street parking, and individual outdoor areas.
Property Size880 SF
Days on Market106
Property Features for 1105 & 1107 S Zenobia Street
General Information
Standard status
Active
Size
880 SF
Property subtype
Duplex
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 1BD/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,989
Amenities
in-unit washer and dryer
off-street parking
private backyard
Building Details
Building Size
880 SF
Year Built
1951
Buildings
1
Listing Agency:
Your Castle Real Estate Inc
(303) 962-4272
Listed By:
Terra Hoover · License #100065057
Source:
Corken
Added: May 12
Changed: Aug 22
Last Checked: Aug 25 at 12:12PM
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 Your Castle Real Estate Inc
Investment Insights
Based on property information with market context.
This duplex contains two 1BD/1BA units on a corner lot, with each residence offering a private backyard and off-street parking. Both units have in-unit washers and dryers, along with separate gas and electric meters. One residence is leased through February, while the other is prepared for occupancy with hardwood flooring, fresh paint, a new stove, and a new microwave. The property was built in 1951.
Located in West Denver, the property offers access to the shops, restaurants, and green space around Belmar and Edgewater. Downtown employment centers, public transit, Colfax, and Alameda are also identified as nearby access points. The combination of a compact two-unit layout, private outdoor space, and separate utilities provides a straightforward residential income property configuration.
Located in West Denver, the property offers access to the shops, restaurants, and green space around Belmar and Edgewater. Downtown employment centers, public transit, Colfax, and Alameda are also identified as nearby access points. The combination of a compact two-unit layout, private outdoor space, and separate utilities provides a straightforward residential income property configuration.
Key Highlights
- Two 1BD/1BA units in a duplex configuration
- Corner‑lot setting with a private backyard for each unit
- One unit leased through February
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,883
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$257,660
$257.7K
Cap Rate 7%
$184,043
$184.0K
Cap Rate 9%
$143,144
$143.1K
Market Conditions
NOI Build-Up for 880 SF
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.
Gross rent
$19.5K $22.20/SF
− Vacancy
−$1.1K −$1.29/SF
EGI
$18.4K $20.91/SF
− OpEx
−$5.5K −$6.27/SF
NOI
$12.9K $14.64/SF
Area
ZIP 80219
Vacancy
5.79%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$257,660
Cap Rate 7%
$184,043
Cap Rate 9%
$143,144
Alternative Uses
Best Use
Multifamily LT 5
$184.0K
$161.0K – $214.7K
NOI $12,883 @ 7.0% cap · market cap 3.80%
Second Best
Apartment 5plus
$169.1K
$147.9K – $197.3K
NOI $11,835 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$251.0K
$219.7K – $292.9K
NOI $17,572 @ 7.0% cap · market cap 5.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
613
Businesses Nearby
Explore this area
Business Placement
Demographics for 80219, CO
61,585
Population
21,729
Households
2.8
Avg Household Size
33
Median Age
22%
College-Educated
72%
High-School Grad
7.4 sq mi
ZIP Area
8,322
Density / Sq Mi
$67,325
Median Household Income
$41,153
Median Earnings
$1,464
Median Rent
$426,200
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 include in-unit laundry, separate utility meters, off-street parking, and individual outdoor areas.
Where is this duplex located?
The property is located at 1105 & 1107 S Zenobia Street Denver, CO.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Two 1BD/1BA units in a duplex configuration; Corner‑lot setting with a private backyard for each unit; One unit leased through February
