Brick Duplex with Detached
For Sale
$539,999
1468 W Dakota Avenue, Denver, CO 80223
Stacked two-unit property with fireplaces, covered parking, separate laundry areas, and private outdoor spaces.
Property Size1,950 SF
Price / SF$276.92
Days on Market53
Property Features for 1468 W Dakota Avenue
General Information
Standard status
Active
Size
1,950 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Athmar Park
Public Transit
Yes
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,866
Amenities
fireplaces
porch
laundry spaces
large covered patio
fenced outdoor area
hot tub
extra storage
Building Details
Year Built
1946
Buildings
1
Construction
brick
Listing Agency:
MB VIP Realty LLC
(303) 953-1227
Listed By:
Alberto Madera · License #100065747
(720) 938-7742
Source:
Exitrealty
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 9 at 5:41PM
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 VIP Realty LLC
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Investment Insights
Based on property information with market context.
This 1,950-square-foot stacked duplex at 1468 W Dakota Ave includes two separate residences within a brick building constructed in 1946. The upper unit contains 3 bedrooms, 1 full bath, 1 half bath, a living room with fireplace, kitchen, laundry/mud room, porch, side yard, and access to the detached 2-car garage. The lower unit offers 1 bedroom, 1 full bath, a kitchen, living room with fireplace, private laundry area, covered patio, fenced outdoor space, and hot tub.
The property also includes an attached carport, covered parking, additional storage, and a long driveway. Broadway, restaurants, shops, RTD bus service, and light rail are nearby. Huston Lake Park, West-Bar-Val Wood Park, and Ruby Hill are approximately 1.5 miles away, while downtown Denver is accessible by car.
The property also includes an attached carport, covered parking, additional storage, and a long driveway. Broadway, restaurants, shops, RTD bus service, and light rail are nearby. Huston Lake Park, West-Bar-Val Wood Park, and Ruby Hill are approximately 1.5 miles away, while downtown Denver is accessible by car.
Key Highlights
- 1,950 SF stacked duplex with 2 separate units
- Upper unit has 3 bedrooms, 1 full bath, and 1 half bath
- Lower unit includes 1 bedroom and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,406
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,120
$648.1K
Cap Rate 7%
$462,943
$462.9K
Cap Rate 9%
$360,067
$360.1K
Market Conditions
NOI Build-Up for 1,950 SF
Gross rent
$49.1K $25.20/SF
− Vacancy
−$2.8K −$1.46/SF
EGI
$46.3K $23.74/SF
− OpEx
−$13.9K −$7.12/SF
NOI
$32.4K $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%
$648,120
Cap Rate 7%
$462,943
Cap Rate 9%
$360,067
Alternative Uses
Best Use
Multifamily LT 5
$462.9K
$405.1K – $540.1K
NOI $32,406 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$423.0K
$370.1K – $493.5K
NOI $29,608 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$620.8K
$543.2K – $724.2K
NOI $43,453 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
888
Businesses Nearby
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Business Placement
Demographics for 80223, CO
19,862
Population
9,532
Households
2.1
Avg Household Size
34
Median Age
46%
College-Educated
87%
High-School Grad
5.3 sq mi
ZIP Area
3,748
Density / Sq Mi
$80,461
Median Household Income
$50,567
Median Earnings
$1,650
Median Rent
$497,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Stacked two-unit property with fireplaces, covered parking, separate laundry areas, and private outdoor spaces.
Where is this duplex located?
The property is located at 1468 W Dakota Avenue Denver, CO.
What is the asking price?
The asking price for this property is $539,999.
What are key features of this property?
This property features: 1,950 SF stacked duplex with 2 separate units; Upper unit has 3 bedrooms, 1 full bath, and 1 half bath; Lower unit includes 1 bedroom and 1 full bath
