Triplex with Detached
New
For Sale
$585,000
1528 Saint Paul Street, Denver, CO 80206
Three month-to-month tenancies span the building’s three levels.
Property Size1,804 SF
Days on Market5
Property Features for 1528 Saint Paul Street
General Information
Standard status
Active
Size
1,804 SF
Property subtype
Triplex
Site & Location
Neighborhood
City Park
Additional Details
Multifamily Units
3
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,222
Amenities
fireplace
covered front porch
large deck
private backyard
Building Details
Building Size
1,804 SF
Year Built
1904
Stories
2
Construction
brick
Listing Agency:
American City Real Estate
Listed By:
Jeffrey Joyce · License #1161315
(303) 507-2751
Source:
Eliselosassore
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 8:15AM
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 American City Real Estate
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Investment Insights
Based on property information with market context.
This 1,804-square-foot brick triplex was built in 1904 and includes a detached garage. Interior details include hardwood floors, moldings, woodwork, a fireplace, and stained glass. The kitchen and bathrooms have been updated. The first floor has living and dining rooms, a kitchen, a half bathroom, and a covered porch; the upper level includes two bedrooms, a smaller third bedroom, and a deck. The basement is also rented, with tenancies across all three levels on a month-to-month basis.
The property is two blocks from 330-acre City Park and near the bars, lounges, and restaurants along East Colfax Avenue. Exterior work listed for 2026 includes a roof, soffit and fascia, gutters, and garage door; landscaping, fencing, masonry, paint, and main-floor kitchen work are identified as in progress.
The property is two blocks from 330-acre City Park and near the bars, lounges, and restaurants along East Colfax Avenue. Exterior work listed for 2026 includes a roof, soffit and fascia, gutters, and garage door; landscaping, fencing, masonry, paint, and main-floor kitchen work are identified as in progress.
Key Highlights
- Triplex totaling 1,804 square feet, built in 1904
- Detached garage
- Three month‑to‑month tenancies across the building’s levels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,980
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$599,600
$599.6K
Cap Rate 7%
$428,286
$428.3K
Cap Rate 9%
$333,111
$333.1K
Market Conditions
NOI Build-Up for 1,804 SF
Gross rent
$45.5K $25.20/SF
− Vacancy
−$2.6K −$1.46/SF
EGI
$42.8K $23.74/SF
− OpEx
−$12.8K −$7.12/SF
NOI
$30.0K $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%
$599,600
Cap Rate 7%
$428,286
Cap Rate 9%
$333,111
Alternative Uses
Best Use
Multifamily LT 5
$428.3K
$374.8K – $499.7K
NOI $29,980 @ 7.0% cap · market cap 5.12%
Second Best
Apartment 5plus
$391.3K
$342.4K – $456.5K
NOI $27,391 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$574.3K
$502.5K – $670.0K
NOI $40,199 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,588
Businesses Nearby
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Business Placement
Demographics for 80206, CO
26,108
Population
15,580
Households
1.7
Avg Household Size
38
Median Age
78%
College-Educated
97%
High-School Grad
2.5 sq mi
ZIP Area
10,443
Density / Sq Mi
$102,248
Median Household Income
$69,908
Median Earnings
$1,694
Median Rent
$892,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three month-to-month tenancies span the building’s three levels.
Where is this triplex located?
The property is located at 1528 Saint Paul Street Denver, CO.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Triplex totaling 1,804 square feet, built in 1904; Detached garage; Three month‑to‑month tenancies across the building’s levels
