Renovated Two-Unit
New
For Sale
$849,000
1319 Elati St, Denver, CO 80204
Both residences have separate entrances, individual HVAC systems, and in-unit laundry.
Property Size3,306 SF
Price / SF$256.81
Days on Market1
Property Features for 1319 Elati St
General Information
Standard status
Active
Size
3,306 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
D-GT
Site & Location
Neighborhood
Civic Center
Public Transit
Yes
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,274
Amenities
original woodwork
decorative fireplaces
hardwood floors
separate entrances
individual HVAC systems
in-unit laundry
unfinished basement
Unfinished
3
5
Assessor
2204
Fenced
Level,House Faces East,Gutters
City
3125
2 Spaces/Unit
4
0.07
No
Off Street
Balcony
3306
Building Details
Building Size
3,306 SF
Year Built
1940
Buildings
1
Listing Agency:
Milehimodern
(970) 594-9228
Listed By:
Tyler Rogers
Source:
Focalrealestategroup
Added: Oct 31
Last Checked: Oct 31 at 3:32AM
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 Milehimodern
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,306-square-foot Denver duplex contains two residences: an upper unit with three bedrooms and one bathroom, and a lower unit with two bedrooms and one-and-a-half bathrooms. Improvements completed in 2018 include hardwood floors, original woodwork, decorative fireplaces, and a balcony. Each residence has its own entrance, HVAC system, and laundry. An unfinished basement provides additional storage, and four off-street parking spaces serve the property. The site measures 0.07 acres and is zoned D-GT.
At 1319 Elati St, the property is near CU Denver, MSU Denver, the Community College of Denver, downtown employment centers, museums, restaurants, and public transit. Walk Score is 94, Transit Score is 78, and Bike Score is 97.
At 1319 Elati St, the property is near CU Denver, MSU Denver, the Community College of Denver, downtown employment centers, museums, restaurants, and public transit. Walk Score is 94, Transit Score is 78, and Bike Score is 97.
Key Highlights
- Two residences: upper unit with 3 bedrooms and 1 bathroom; lower unit with 2 bedrooms and 1.5 bathrooms
- 3,306‑square‑foot building on a 0.07‑acre site
- Updated in 2018; features include hardwood floors, original woodwork, and decorative fireplaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,941
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,098,820
$1.1M
Cap Rate 7%
$784,871
$784.9K
Cap Rate 9%
$610,456
$610.5K
Market Conditions
NOI Build-Up for 3,306 SF
Gross rent
$83.3K $25.20/SF
− Vacancy
−$4.8K −$1.46/SF
EGI
$78.5K $23.74/SF
− OpEx
−$23.5K −$7.12/SF
NOI
$54.9K $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%
$1,098,820
Cap Rate 7%
$784,871
Cap Rate 9%
$610,456
Alternative Uses
Best Use
Multifamily LT 5
$784.9K
$686.8K – $915.7K
NOI $54,941 @ 7.0% cap · market cap 6.47%
Second Best
Apartment 5plus
$717.1K
$627.5K – $836.6K
NOI $50,197 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$1.05M
$920.9K – $1.23M
NOI $73,669 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
7,858
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have separate entrances, individual HVAC systems, and in-unit laundry.
Where is this duplex located?
The property is located at 1319 Elati St Denver, CO.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Two residences: upper unit with 3 bedrooms and 1 bathroom; lower unit with 2 bedrooms and 1.5 bathrooms; 3,306‑square‑foot building on a 0.07‑acre site; Updated in 2018; features include hardwood floors, original woodwork, and decorative fireplaces
