Multifamily Property with Dog
For Sale
$1,400,000
Pending
130 E Ohio Ave, Denver, CO 80209
The property is being offered as-is and needs updating and repairs.
Property Size3,337 SF
Lot Size0.14 Acres
Days on Market13
Property Features for 130 E Ohio Ave
General Information
Standard status
Pending
Size
3,337 SF
Lot size
0.14 Acres
Property subtype
Residential Income
Zoning
U-SU-B2
Property Condition
Severity
Repairs Needed
Evidence
quite a bit of updating and repairs needed
Site & Location
Neighborhood
Washington Park West
Additional Details
Opportunity Zone
Yes
Taxes and HOA fees
Annual Taxes
$4,647
Amenities
Crawl Space
4
Assessor
3337
Dog Run/Kennel
City,Other
6250
1 Space/Unit
1
0.14
No
Building Details
Building Size
3,337 SF
Year Built
1950
Listing Agency:
Grant Real Estate Company
(970) 594-9228
Listed By:
Angie Sparks
Source:
Focalrealestategroup
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 31 at 5:12AM
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 Grant Real Estate Company
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Investment Insights
Based on property information with market context.
This multifamily property, built in 1950, contains 3,337 square feet on a 6,250-square-foot lot (0.14 acres). A dog run or kennel is listed among the exterior features. The property is offered as-is and requires updating and repairs.
The site is approximately half a mile from the Gates District at Broadway Station and Santa Fe Yards. The district is described as a planned 41-acre development with a 14,500-seat stadium, 887 residential units, 380,000 square feet of office space, and 180,000 square feet of retail and dining. The property’s zoning is U-SU-B2.
The site is approximately half a mile from the Gates District at Broadway Station and Santa Fe Yards. The district is described as a planned 41-acre development with a 14,500-seat stadium, 887 residential units, 380,000 square feet of office space, and 180,000 square feet of retail and dining. The property’s zoning is U-SU-B2.
Key Highlights
- 3,337‑square‑foot multifamily property built in 1950
- 6,250‑square‑foot lot, or 0.14 acres
- Dog run/kennel listed as an exterior feature
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,668
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,013,360
$1.0M
Cap Rate 7%
$723,829
$723.8K
Cap Rate 9%
$562,978
$563.0K
Market Conditions
NOI Build-Up for 3,337 SF
Gross rent
$98.1K $29.40/SF
− Vacancy
−$6.0K −$1.79/SF
EGI
$92.1K $27.61/SF
− OpEx
−$41.5K −$12.42/SF
NOI
$50.7K $15.18/SF
Area
Denver, CO
Vacancy
6.10%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,013,360
Cap Rate 7%
$723,829
Cap Rate 9%
$562,978
Alternative Uses
Best Use
Apartment 5plus
$723.8K
$633.4K – $844.5K
NOI $50,668 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.06M
$929.5K – $1.24M
NOI $74,360 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,606
Businesses Nearby
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Business Placement
Demographics for 80209, CO
27,061
Population
16,045
Households
1.7
Avg Household Size
38
Median Age
80%
College-Educated
99%
High-School Grad
3.5 sq mi
ZIP Area
7,732
Density / Sq Mi
$118,759
Median Household Income
$81,604
Median Earnings
$1,981
Median Rent
$971,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - The property is being offered as-is and needs updating and repairs.
Where is this multifamily property located?
The property is located at 130 E Ohio Ave Denver, CO.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 3,337‑square‑foot multifamily property built in 1950; 6,250‑square‑foot lot, or 0.14 acres; Dog run/kennel listed as an exterior feature
