Three-Unit Triplex
For Sale
$1,950,000
1273 Meade Street, Denver, CO 80204
Brand-new 2024 triplex with separate utilities and three units, near RTD light rail for tenant convenience.
Property Size7,181 SF
Price / SF$271.55
Days on Market112
Property Features for 1273 Meade Street
General Information
Standard status
Active
Size
7,181 SF
Property subtype
Multifamily
Zoning
G-MU-3
Additional Details
Multifamily Units
3
Building Details
Building Size
7,181 SF
Year Built
2024
Listing Agency:
Unique Properties, Inc
Listed By:
Michael DeSantis · License #FA.100053000
(303) 900-5742
Source:
Uniqueprop
Added: Jun 25
Changed: Oct 13
Last Checked: Oct 12 at 6:52PM
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 Unique Properties, Inc
Investment Insights
Based on property information with market context.
Constructed in 2024, this 7,181 SF triplex includes three separate units within a modern, newly built property. The building is designed for streamlined operations, with separate utility metering for each unit so tenant accounts can be managed independently.
Located at 1273 Meade Street in Denver, the property is positioned about 4.5 blocks from the Perry St Light Rail Station, providing convenient transit access. The site is listed under G-MU-3 zoning.
For investors and owner-operators, the combination of a brand-new build, three-unit income structure, and separately metered utilities can support lower day-to-day management compared with properties where utilities are handled centrally. The independent utility setup also allows each tenant to pay utilities in addition to monthly rent, aligning with straightforward operating mechanics for rental use. This offering is presented for sale as a multifamily investment, including consideration for portfolio strategies that may include single-family rental-style management.
Located at 1273 Meade Street in Denver, the property is positioned about 4.5 blocks from the Perry St Light Rail Station, providing convenient transit access. The site is listed under G-MU-3 zoning.
For investors and owner-operators, the combination of a brand-new build, three-unit income structure, and separately metered utilities can support lower day-to-day management compared with properties where utilities are handled centrally. The independent utility setup also allows each tenant to pay utilities in addition to monthly rent, aligning with straightforward operating mechanics for rental use. This offering is presented for sale as a multifamily investment, including consideration for portfolio strategies that may include single-family rental-style management.
Key Highlights
- Brand‑new 2024 triplex offering 3 units in a 7,181 SF building
- G‑MU‑3 zoning
- Separate utility metering for each unit, with tenants paying utilities via individual accounts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$119,338
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,386,760
$2.4M
Cap Rate 7%
$1,704,829
$1.7M
Cap Rate 9%
$1,325,978
$1.3M
Market Conditions
NOI Build-Up for 7,181 SF
Gross rent
$181.0K $25.20/SF
− Vacancy
−$10.5K −$1.46/SF
EGI
$170.5K $23.74/SF
− OpEx
−$51.1K −$7.12/SF
NOI
$119.3K $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%
$2,386,760
Cap Rate 7%
$1,704,829
Cap Rate 9%
$1,325,978
Alternative Uses
Best Use
Multifamily LT 5
$1.70M
$1.49M – $1.99M
NOI $119,338 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$1.56M
$1.36M – $1.82M
NOI $109,034 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$2.29M
$2.00M – $2.67M
NOI $160,018 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
993
Businesses Nearby
Explore this area
Business Placement
Demographics for 80204, CO
35,269
Population
18,378
Households
1.9
Avg Household Size
33
Median Age
51%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$79,265
Median Household Income
$58,860
Median Earnings
$1,724
Median Rent
$579,900
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 - Brand-new 2024 triplex with separate utilities and three units, near RTD light rail for tenant convenience.
Where is this triplex located?
The property is located at 1273 Meade Street Denver, CO.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Brand‑new 2024 triplex offering 3 units in a 7,181 SF building; G‑MU‑3 zoning; Separate utility metering for each unit, with tenants paying utilities via individual accounts
