Remodeled Duplex with
For Sale
$499,000
Pending
1870 W Mosier Place, Denver, CO 80223
Recently remodeled two-unit property with private entrances, kitchens, baths, laundry, and off-street parking.
Property Size1,810 SF
Days on Market77
Property Features for 1870 W Mosier Place
General Information
Standard status
Pending
Size
1,810 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,361
Amenities
private entrance
off-street parking
laundry
Building Details
Year Built
1955
Listing Agency:
People's Real Estate Service
(303) 521-0533
Listed By:
Kirill Merkulov · License #40037675
(303) 521-0533
Source:
Exitrealty
Added: Jun 16
Changed: Aug 29
Last Checked: Aug 29 at 8:16PM
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 People's Real Estate Service
Investment Insights
Based on property information with market context.
This up-and-down duplex, built in 1955, contains two separate residences with independent entrances and living areas. The upper unit includes two bedrooms and one bathroom, while the lower unit offers one bedroom and one bathroom. Each residence has a full kitchen and dedicated bath, with the lower level providing direct ground-level access and the upper unit receiving abundant natural light.
The property also includes off-street parking, laundry facilities, and a garage that can accommodate storage or parking use. Its Denver location provides access to shopping, dining, parks, and major commuting routes.
The property also includes off-street parking, laundry facilities, and a garage that can accommodate storage or parking use. Its Denver location provides access to shopping, dining, parks, and major commuting routes.
Key Highlights
- Two‑unit up‑and‑down duplex with separate private entrances
- Upper residence includes 2 bedrooms and 1 bath
- Lower residence includes 1 bedroom and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,080
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$601,600
$601.6K
Cap Rate 7%
$429,714
$429.7K
Cap Rate 9%
$334,222
$334.2K
Market Conditions
NOI Build-Up for 1,810 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$45.6K $25.20/SF
− Vacancy
−$2.6K −$1.46/SF
EGI
$43.0K $23.74/SF
− OpEx
−$12.9K −$7.12/SF
NOI
$30.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$601,600
Cap Rate 7%
$429,714
Cap Rate 9%
$334,222
Alternative Uses
Best Use
Multifamily LT 5
$429.7K
$376.0K – $501.3K
NOI $30,080 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$392.6K
$343.5K – $458.0K
NOI $27,482 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$576.2K
$504.2K – $672.2K
NOI $40,333 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
Explore this area
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
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 - Recently remodeled two-unit property with private entrances, kitchens, baths, laundry, and off-street parking.
Where is this duplex located?
The property is located at 1870 W Mosier Place Denver, CO.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two‑unit up‑and‑down duplex with separate private entrances; Upper residence includes 2 bedrooms and 1 bath; Lower residence includes 1 bedroom and 1 bath
