Three-Unit Triplex
1273 Meade Street Denver, CO 80204
1273 Meade Street, Denver, CO, 80204
$1,950,000
For Sale
$1,950,000
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 Market24
Property Features for 1273 Meade Street
General Information
- Standard status
- Active
- Size
- 7,181 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2024
Listing Agency
Unique Properties, Inc
(303) 900-5742
Listed by
Michael DeSantis · License #FA.100053000
(303) 900-5742
Source
Uniqueprop
Added: Jun 25 Checked: Jul 17 at 4:19 am
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
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $181.0k | $25.20 |
| − Vacancy | −$10.5k | −$1.46 |
| EGI | $170.5k | $23.74 |
| − OpEx | −$51.1k | −$7.12 |
| NOI | $119.3k | $16.62 |
7,181 SF · lease $25.20/SF/yr · vacancy 5.79% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
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
