Up-and-Down
1632 Irving St, Denver, CO 80204
For Sale
$599,000
Two refreshed residential units offer separate entrances, shared laundry, and rear off-street parking.
Property Size2,343 SF
Days on Market59
Property Features for 1632 Irving St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Highway Access
Taxes and HOA fees
Annual Taxes
Amenities
shared washer/dryer
separate entrances
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Atlas Real Estate Group
Listed By:
Kelly Taylor Blakesley · License CO #100086004
(720) 383-8708
Source:
Guidere
Added: Sep 17
Changed: Nov 1
Last Checked: Nov 12 at 5:03PM
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 Atlas Real Estate Group
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Investment Insights
Based on property information with market context.
Built in 1923, this two-unit residential property is arranged with one main-floor apartment and one basement apartment on a single parcel. Each unit includes 2 bedrooms and 1 bathroom, with recent flooring, paint, kitchen, and bathroom improvements. Separate entrances support independent access, while a shared washer and dryer serve both units. Six off-street parking spaces are located at the rear.
The property sits in Denver’s Cheltenham Heights, within a half mile of Mile High Stadium and Sloan’s Lake. Cheltenham Elementary School is one block away, with shopping, dining, parks, and recreational options in the surrounding area. Downtown Denver and I-25 are minutes away.
The property sits in Denver’s Cheltenham Heights, within a half mile of Mile High Stadium and Sloan’s Lake. Cheltenham Elementary School is one block away, with shopping, dining, parks, and recreational options in the surrounding area. Downtown Denver and I-25 are minutes away.
Key Highlights
- Two‑unit property with 2 bedrooms and 1 bathroom in each unit
- Main‑floor and basement layout with separate entrances
- Recently updated flooring, paint, kitchens, and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,937
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$778,740
$778.7K
Cap Rate 7%
$556,243
$556.2K
Cap Rate 9%
$432,633
$432.6K
Market Conditions
NOI Build-Up for 2,343 SF
Gross rent
$59.0K $25.20/SF
− Vacancy
−$3.4K −$1.46/SF
EGI
$55.6K $23.74/SF
− OpEx
−$16.7K −$7.12/SF
NOI
$38.9K $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%
$778,740
Cap Rate 7%
$556,243
Cap Rate 9%
$432,633
Alternative Uses
Best Use
Multifamily LT 5
$556.2K
$486.7K – $649.0K
NOI $38,937 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$508.2K
$444.7K – $592.9K
NOI $35,575 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$745.9K
$652.6K – $870.2K
NOI $52,210 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,173
Businesses Nearby
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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
$579,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Denver, CO
Properties on Market for Duplexes in Denver
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two refreshed residential units offer separate entrances, shared laundry, and rear off-street parking.
Where is this duplex located?
The property is located at 1632 Irving St Denver, CO.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two‑unit property with 2 bedrooms and 1 bathroom in each unit; Main‑floor and basement layout with separate entrances; Recently updated flooring, paint, kitchens, and bathrooms
