Historic Victorian
For Sale
$1,285,000
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 Market51
Property Features for 1250 N Ogden St
General Information
Standard status
Active
Size
2,534 SF
Property subtype
Investment
Site & Location
Neighborhood
Capitol Hill
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: Oct 25
Last Checked: Oct 30 at 4:44PM
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
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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 / Yr
$42,112
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
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
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 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 3.28%
Second Best
Apartment 5plus
$549.6K
$480.9K – $641.3K
NOI $38,475 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$806.7K
$705.8K – $941.1K
NOI $56,466 @ 7.0% cap · market cap 4.39%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
5,731
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 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 $1,285,000.
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
