Duplex with Finished Lower
For Sale
$1,299,000
Pending
1880 S Clarkson St, Denver, CO 80210
A finished lower level adds a guest suite, media room and wet bar to the remodeled residence.
Property Size2,750 SF
Days on Market20
Property Features for 1880 S Clarkson St
General Information
Standard status
Pending
Size
2,750 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,352
Amenities
wraparound glass fireplace
skylights
theater/media room
wet bar
xeriscaped backyard
wine bar
built-in window seat
plantation shutters
Building Details
Building Size
2,750 SF
Year Built
2005
Year Renovated
2014
Buildings
1
Listing Agency:
Keller Williams DTC
Listed By:
Kim Glaser Wheeler
(303) 656-8735
Source:
Guidere
Added: Sep 25
Changed: Oct 5
Last Checked: Oct 13 at 1:06AM
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 Keller Williams DTC
Investment Insights
Based on property information with market context.
Built in 2005 and remodeled in 2014, this duplex has an open main-level layout with nine-foot ceilings, a wraparound glass fireplace and an updated kitchen featuring a Viking gas range, double wall ovens, natural stone counters and a walnut island. The finished lower level contains a guest suite with bedroom and full bath, a theater/media room and a wet bar. A vaulted primary suite, skylights in the primary bath and a full-length built-in window seat add further interior features. The property also includes a low-maintenance xeriscaped backyard and an oversized two-car garage.
South Pearl Street restaurants, coffee shops and boutiques are a few blocks away. Light rail, the University of Denver and the Newman Center for the Performing Arts are also nearby.
South Pearl Street restaurants, coffee shops and boutiques are a few blocks away. Light rail, the University of Denver and the Newman Center for the Performing Arts are also nearby.
Key Highlights
- Remodeled in 2014; original construction dates to 2005
- Finished lower level with guest bedroom and full bath, theater/media room, and wet bar
- Kitchen includes Viking gas range, built‑in refrigerator, double wall ovens, and natural stone countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,701
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$914,020
$914.0K
Cap Rate 7%
$652,871
$652.9K
Cap Rate 9%
$507,789
$507.8K
Market Conditions
NOI Build-Up for 2,750 SF
Gross rent
$69.3K $25.20/SF
− Vacancy
−$4.0K −$1.46/SF
EGI
$65.3K $23.74/SF
− OpEx
−$19.6K −$7.12/SF
NOI
$45.7K $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%
$914,020
Cap Rate 7%
$652,871
Cap Rate 9%
$507,789
Alternative Uses
Best Use
Multifamily LT 5
$652.9K
$571.3K – $761.7K
NOI $45,701 @ 7.0% cap · market cap 3.52%
Second Best
Apartment 5plus
$596.5K
$521.9K – $695.9K
NOI $41,755 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$875.4K
$766.0K – $1.02M
NOI $61,280 @ 7.0% cap · market cap 4.72%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,618
Businesses Nearby
Explore this area
Business Placement
Demographics for 80210, CO
39,394
Population
18,496
Households
2.1
Avg Household Size
33
Median Age
76%
College-Educated
99%
High-School Grad
6.1 sq mi
ZIP Area
6,458
Density / Sq Mi
$120,156
Median Household Income
$61,607
Median Earnings
$1,963
Median Rent
$870,500
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
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Frequently Asked Questions
What type of property is this?
Duplex - A finished lower level adds a guest suite, media room and wet bar to the remodeled residence.
Where is this duplex located?
The property is located at 1880 S Clarkson St Denver, CO.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Remodeled in 2014; original construction dates to 2005; Finished lower level with guest bedroom and full bath, theater/media room, and wet bar; Kitchen includes Viking gas range, built‑in refrigerator, double wall ovens, and natural stone countertops
