Historic Triplex with
For Sale
$1,099,000
1243 N Marion St, Denver, CO 80218
Three off-street parking spaces and recent building and unit improvements support a shared-ownership configuration.
Property Size3,066 SF
Price / SF$358.45
Days on Market13
Property Features for 1243 N Marion St
General Information
Standard status
Active
Size
3,066 SF
Total Parking Spaces
3
Property subtype
Residential Income
Zoning
G-MU-3
Site & Location
Neighborhood
Cheesman Park
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,724
Amenities
Full,Partially Finished
3
6
Assessor
Eat-in Kitchen
2044
Level,Gutters
City
4687
1 Space/Unit
0.11
No
Detached
Balcony
3066
Building Details
Building Size
3,066 SF
Year Built
1908
Listing Agency:
(970) 594-9228
Listed By:
Natalie Pierson
Source:
Focalrealestategroup
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 28 at 3:18PM
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 Natalie Pierson
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Investment Insights
Based on property information with market context.
Built in 1908, this 3,066-square-foot triplex includes a two-car detached garage and one additional uncovered parking space. The property has three off-street spaces in total and is zoned G-MU-3. Recent work includes a new roof on the main house and garage, sewer line repair, chimney reconstruction, and partial deck board replacement. One unit received a full interior refresh, bathroom remodel, and mini-split AC; another received new paint and a refinished tub.
The property is at 1243 N Marion St in Denver, a few blocks from Cheesman Park. Thump Coffee, Whole Foods, King Soopers, and Safeway are identified nearby, along with neighborhood bars and restaurants. Its Walk Score is 92 and Bike Score is 97.
Landscaping work included a retaining wall, garden beds, backyard grass, and a tile walkway. The triplex is currently occupied by family members.
The property is at 1243 N Marion St in Denver, a few blocks from Cheesman Park. Thump Coffee, Whole Foods, King Soopers, and Safeway are identified nearby, along with neighborhood bars and restaurants. Its Walk Score is 92 and Bike Score is 97.
Landscaping work included a retaining wall, garden beds, backyard grass, and a tile walkway. The triplex is currently occupied by family members.
Key Highlights
- Three‑unit triplex with 3,066 square feet; built in 1908
- Three off‑street parking spaces: a two‑car garage and one uncovered space
- Zoned G‑MU‑3
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,953
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,019,060
$1.0M
Cap Rate 7%
$727,900
$727.9K
Cap Rate 9%
$566,144
$566.1K
Market Conditions
NOI Build-Up for 3,066 SF
Gross rent
$77.3K $25.20/SF
− Vacancy
−$4.5K −$1.46/SF
EGI
$72.8K $23.74/SF
− OpEx
−$21.8K −$7.12/SF
NOI
$51.0K $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%
$1,019,060
Cap Rate 7%
$727,900
Cap Rate 9%
$566,144
Alternative Uses
Best Use
Multifamily LT 5
$727.9K
$636.9K – $849.2K
NOI $50,953 @ 7.0% cap · market cap 4.64%
Second Best
Apartment 5plus
$665.0K
$581.9K – $775.9K
NOI $46,553 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$976.0K
$854.0K – $1.14M
NOI $68,321 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,450
Businesses Nearby
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Business Placement
Demographics for 80218, CO
19,484
Population
13,116
Households
1.5
Avg Household Size
35
Median Age
72%
College-Educated
98%
High-School Grad
1.6 sq mi
ZIP Area
12,178
Density / Sq Mi
$82,925
Median Household Income
$67,570
Median Earnings
$1,475
Median Rent
$653,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three off-street parking spaces and recent building and unit improvements support a shared-ownership configuration.
Where is this triplex located?
The property is located at 1243 N Marion St Denver, CO.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Three‑unit triplex with 3,066 square feet; built in 1908; Three off‑street parking spaces: a two‑car garage and one uncovered space; Zoned G‑MU‑3
