Historic Victorian
New
For Sale
$1,385,000
1250 N Ogden St, Denver, CO 80218
Three residences combine historic character with an established short-term rental configuration and flexible occupancy options.
Property Size2,534 SF
Days on Market5
Property Features for 1250 N Ogden St
General Information
Standard status
Active
Size
2,534 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$4,871
Building Details
Building Size
2,534 SF
Year Built
1890
Listing Agency:
MB MARSTON AND BLUE
Listed By:
Dane Danbury
(303) 335-6350
Source:
Elliman
Added: Sep 11
Changed: Sep 13
Last Checked: Sep 15 at 8:04AM
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 MB MARSTON AND BLUE
Investment Insights
Based on property information with market context.
Built in 1890, this Denver Victorian contains three separate residences totaling 6 bedrooms and 4 bathrooms. The unit mix includes a 3-bedroom, 2-bath main residence, a 2-bedroom, 1-bath second residence, and a 1-bedroom, 1-bath upper residence. The property is operating as a three-unit Airbnb, and its layout also supports traditional or mid-term rental use, subject to applicable requirements. An owner-occupant could use one residence while renting the others. A new boiler provides a recent mechanical improvement, while the building’s historic architecture distinguishes it from newer multifamily construction.
Located at 1250 N Ogden Street in Denver, the property has a National Register nomination as the Judge Peter L. Palmer House. Walk Score is 94, Bike Score is 97, and Transit Score is 51, placing the property within a highly walkable area with strong bicycle access and available transit service.
Located at 1250 N Ogden Street in Denver, the property has a National Register nomination as the Judge Peter L. Palmer House. Walk Score is 94, Bike Score is 97, and Transit Score is 51, placing the property within a highly walkable area with strong bicycle access and available transit service.
Key Highlights
- Three separate residences with 6 bedrooms and 4 bathrooms
- Unit mix includes 3BR/2BA, 2BR/1BA, and 1BR/1BA residences
- Currently operating as a three‑unit Airbnb
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
$42,112
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
3.04%
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%
$842,240
$842.2K
Cap Rate 7%
$601,600
$601.6K
Cap Rate 9%
$467,911
$467.9K
Market Conditions
NOI Build-Up for 2,534 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
$63.9K $25.20/SF
− Vacancy
−$3.7K −$1.46/SF
EGI
$60.2K $23.74/SF
− OpEx
−$18.0K −$7.12/SF
NOI
$42.1K $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 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%
$842,240
Cap Rate 7%
$601,600
Cap Rate 9%
$467,911
Alternative Uses
Best Use
Multifamily LT 5
$601.6K
$526.4K – $701.9K
NOI $42,112 @ 7.0% cap · market cap 3.04%
Second Best
Apartment 5plus
$549.6K
$480.9K – $641.3K
NOI $38,475 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$806.7K
$705.8K – $941.1K
NOI $56,466 @ 7.0% cap · market cap 4.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,731
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three residences combine historic character with an established short-term rental configuration and flexible occupancy options.
Where is this triplex located?
The property is located at 1250 N Ogden St Denver, CO.
What is the asking price?
The asking price for this property is $1,385,000.
What are key features of this property?
This property features: Three separate residences with 6 bedrooms and 4 bathrooms; Unit mix includes 3BR/2BA, 2BR/1BA, and 1BR/1BA residences; Currently operating as a three‑unit Airbnb
