Two-Unit Duplex with
For Sale
$599,999
1570 Simms Street, Denver, CO 80215
Both residences provide two bedrooms, two bathrooms, off-street parking, and included appliances.
Property Size2,392 SF
Price / SF$250.84
Days on Market60
Property Features for 1570 Simms Street
General Information
Standard status
Active
Size
2,392 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$3,116
Building Details
Year Built
1953
Listing Agency:
Thrive Real Estate Group
(720) 457-4400
Listed By:
Theron Johnson · License #100088854
(720) 706-2444
Source:
Exitrealty
Added: Aug 16
Changed: Oct 3
Last Checked: Oct 11 at 4:58AM
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 Thrive Real Estate Group
Investment Insights
Based on property information with market context.
This 1953-built duplex contains two residential units, with each residence configured with two bedrooms and two bathrooms. Off-street parking serves the property, and appliances are included in both units, supporting straightforward occupancy or leasing preparation.
The configuration accommodates an owner-occupant who wants to live in one unit while leasing the other, or an investor seeking to rent both residences. The property information also identifies proximity to shopping, dining, and commuter routes, adding convenient access to everyday services and transportation connections.
The configuration accommodates an owner-occupant who wants to live in one unit while leasing the other, or an investor seeking to rent both residences. The property information also identifies proximity to shopping, dining, and commuter routes, adding convenient access to everyday services and transportation connections.
Key Highlights
- Two‑unit duplex built in 1953
- Each unit includes 2 bedrooms and 2 bathrooms
- Off‑street parking included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,752
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$795,040
$795.0K
Cap Rate 7%
$567,886
$567.9K
Cap Rate 9%
$441,689
$441.7K
Market Conditions
NOI Build-Up for 2,392 SF
Gross rent
$60.3K $25.20/SF
− Vacancy
−$3.5K −$1.46/SF
EGI
$56.8K $23.74/SF
− OpEx
−$17.0K −$7.12/SF
NOI
$39.8K $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%
$795,040
Cap Rate 7%
$567,886
Cap Rate 9%
$441,689
Alternative Uses
Best Use
Multifamily LT 5
$567.9K
$496.9K – $662.5K
NOI $39,752 @ 7.0% cap · market cap 6.63%
Second Best
Apartment 5plus
$518.8K
$454.0K – $605.3K
NOI $36,319 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$761.5K
$666.3K – $888.4K
NOI $53,302 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
519
Businesses Nearby
Explore this area
Business Placement
Demographics for 80215, CO
19,908
Population
9,156
Households
2.2
Avg Household Size
42
Median Age
49%
College-Educated
97%
High-School Grad
5.5 sq mi
ZIP Area
3,620
Density / Sq Mi
$85,017
Median Household Income
$49,100
Median Earnings
$1,728
Median Rent
$615,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences provide two bedrooms, two bathrooms, off-street parking, and included appliances.
Where is this duplex located?
The property is located at 1570 Simms Street Denver, CO.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: Two‑unit duplex built in 1953; Each unit includes 2 bedrooms and 2 bathrooms; Off‑street parking included
