Duplex with Two-Car
For Sale
$565,000
1542 Wabash St, Denver, CO 80220
Six bedrooms and four full bathrooms provide a substantial residential layout across the duplex.
Property Size1,551 SF
Price / SF$230.80
Days on Market10
Property Features for 1542 Wabash St
General Information
Standard status
Active
Size
1,551 SF
Total Parking Spaces
2
Property subtype
Duplex
Site & Location
Neighborhood
East Colfax
Taxes and HOA fees
Annual Taxes
$3,091
Building Details
Building Size
1,551 SF
Year Built
1949
Listing Agency:
City Limits Property Management, LLC
Listed By:
Jessica Kuhn
(303) 332-4834
Source:
Guidere
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 30 at 7:43PM
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 City Limits Property Management, LLC
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Investment Insights
Based on property information with market context.
The duplex at 1540/1542 Wabash Street contains 2,448 square feet, with six bedrooms and four full bathrooms. Its interior includes a living room, dining area, and kitchen, along with a front patio. A two-car garage is part of the property, and the building dates to 1949.
Located in Denver, Colorado, the property is identified by the address 1540/1542 Wabash Street.
Located in Denver, Colorado, the property is identified by the address 1540/1542 Wabash Street.
Key Highlights
- 2,448 square feet with 6 bedrooms and 4 full bathrooms
- Two‑car garage
- Built in 1949
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,682
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$813,640
$813.6K
Cap Rate 7%
$581,171
$581.2K
Cap Rate 9%
$452,022
$452.0K
Market Conditions
NOI Build-Up for 2,448 SF
Gross rent
$61.7K $25.20/SF
− Vacancy
−$3.6K −$1.46/SF
EGI
$58.1K $23.74/SF
− OpEx
−$17.4K −$7.12/SF
NOI
$40.7K $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%
$813,640
Cap Rate 7%
$581,171
Cap Rate 9%
$452,022
Alternative Uses
Best Use
Multifamily LT 5
$581.2K
$508.5K – $678.0K
NOI $40,682 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$531.0K
$464.6K – $619.5K
NOI $37,170 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$779.3K
$681.9K – $909.2K
NOI $54,550 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
770
Businesses Nearby
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Business Placement
Demographics for 80220, CO
37,233
Population
17,675
Households
2.1
Avg Household Size
37
Median Age
66%
College-Educated
94%
High-School Grad
5.2 sq mi
ZIP Area
7,160
Density / Sq Mi
$101,961
Median Household Income
$61,568
Median Earnings
$1,621
Median Rent
$739,600
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 - Six bedrooms and four full bathrooms provide a substantial residential layout across the duplex.
Where is this duplex located?
The property is located at 1542 Wabash St Denver, CO.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: 2,448 square feet with 6 bedrooms and 4 full bathrooms; Two‑car garage; Built in 1949
