Renovated Duplex
120 S Monroe St, Denver, CO 80209
For Sale
$1,849,000
Reworked interiors combine custom millwork, premium finishes, entertaining areas, and a private fenced courtyard.
Property Size3,690 SF
Days on Market60
Property Features for 120 S Monroe St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
LIV Sotheby's International Realty
Listed By:
Jane Brennan
(303) 807-0135
Source:
Guidere
Added: Sep 16
Changed: Nov 11
Last Checked: Nov 12 at 5:58PM
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 LIV Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This duplex property at 120 S Monroe St has undergone an extensive renovation with updated interior finishes and custom detailing throughout. The main level includes white oak flooring, built-ins, a bar area, and a kitchen equipped with white oak cabinetry, marble counters, a Dacor refrigerator, Bosch dishwasher and microwave, and an AGA five-burner gas range. A family room with a gas fireplace adds additional living space.
The home includes four bedrooms, including a primary suite with custom cabinetry and a five-piece bathroom. The finished lower level provides a recreation room, media wall, third bedroom, and three-quarter bath. A separate bedroom is arranged as a wellness room with a sauna and treadmill. Additional features include a fenced courtyard with drip irrigation, attached two-car garage, marble-floored mudroom, and proximity to Cherry Creek Shopping Center, Gates Tennis Center, parks, boutiques, and restaurants.
The home includes four bedrooms, including a primary suite with custom cabinetry and a five-piece bathroom. The finished lower level provides a recreation room, media wall, third bedroom, and three-quarter bath. A separate bedroom is arranged as a wellness room with a sauna and treadmill. Additional features include a fenced courtyard with drip irrigation, attached two-car garage, marble-floored mudroom, and proximity to Cherry Creek Shopping Center, Gates Tennis Center, parks, boutiques, and restaurants.
Key Highlights
- Extensively renovated duplex property at 120 S Monroe St, Denver, CO 80209
- Built in 1998 with custom interior finishes and millwork
- Kitchen includes AGA five‑burner gas range, Dacor refrigerator, and Bosch dishwasher and microwave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,323
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,226,460
$1.2M
Cap Rate 7%
$876,043
$876.0K
Cap Rate 9%
$681,367
$681.4K
Market Conditions
NOI Build-Up for 3,690 SF
Gross rent
$93.0K $25.20/SF
− Vacancy
−$5.4K −$1.46/SF
EGI
$87.6K $23.74/SF
− OpEx
−$26.3K −$7.12/SF
NOI
$61.3K $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%
$1,226,460
Cap Rate 7%
$876,043
Cap Rate 9%
$681,367
Alternative Uses
Best Use
Multifamily LT 5
$876.0K
$766.5K – $1.02M
NOI $61,323 @ 7.0% cap · market cap 3.32%
Second Best
Apartment 5plus
$800.4K
$700.4K – $933.8K
NOI $56,028 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,226 @ 7.0% cap · market cap 4.45%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
5,099
Businesses Nearby
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Business Placement
Demographics for 80209, CO
27,061
Population
16,045
Households
1.7
Avg Household Size
38
Median Age
80%
College-Educated
99%
High-School Grad
3.5 sq mi
ZIP Area
7,732
Density / Sq Mi
$118,759
Median Household Income
$81,604
Median Earnings
$1,981
Median Rent
$971,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Denver, CO
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Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Reworked interiors combine custom millwork, premium finishes, entertaining areas, and a private fenced courtyard.
Where is this duplex located?
The property is located at 120 S Monroe St Denver, CO.
What is the asking price?
The asking price for this property is $1,849,000.
What are key features of this property?
This property features: Extensively renovated duplex property at 120 S Monroe St, Denver, CO 80209; Built in 1998 with custom interior finishes and millwork; Kitchen includes AGA five‑burner gas range, Dacor refrigerator, and Bosch dishwasher and microwave
