Updated 10-Bedroom
For Sale
$1,049,900
2085 S Saint Paul St, Denver, CO 80210
Two separately metered units each feature five bedrooms, two bathrooms, and updated kitchens and baths.
Property Size3,608 SF
Days on Market10
Property Features for 2085 S Saint Paul St
General Information
Standard status
Active
Size
3,608 SF
Property subtype
Duplex
Site & Location
Neighborhood
University Park
Units
Unit Mix
2 x 5BR/2BA
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Additional Details
Gross Income
$84,000
Taxes and HOA fees
Annual Taxes
$4,690
Amenities
window A/C
ceiling fans
yard space
partial fence
Building Details
Building Size
3,608 SF
Year Built
1954
Buildings
1
Construction
brick
Listing Agency:
RE/MAX Professionals
Listed By:
Cory Degen · License #519
(303) 517-4663
Source:
Corken
Added: Oct 22
Changed: Oct 27
Last Checked: Oct 30 at 9:16PM
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 RE/MAX Professionals
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Investment Insights
Based on property information with market context.
This brick duplex, built in 1954, contains two units with five bedrooms and two bathrooms apiece. Both sides have updated kitchens with granite countertops, tile backsplashes, updated cabinetry, and newer stainless appliances. Interior improvements also include hardwood flooring, newer carpet, updated baths, and window air conditioning with ceiling fans. Each unit is separately metered.
The property includes a detached two-car garage, additional off-street parking accessed from the alley, and yard space with partial fencing. It is near the University of Denver.
The property includes a detached two-car garage, additional off-street parking accessed from the alley, and yard space with partial fencing. It is near the University of Denver.
Key Highlights
- Two units, each with 5 bedrooms and 2 bathrooms
- Brick construction; built in 1954
- Separately metered units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,960
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,199,200
$1.2M
Cap Rate 7%
$856,571
$856.6K
Cap Rate 9%
$666,222
$666.2K
Market Conditions
NOI Build-Up for 3,608 SF
Gross rent
$90.9K $25.20/SF
− Vacancy
−$5.3K −$1.46/SF
EGI
$85.7K $23.74/SF
− OpEx
−$25.7K −$7.12/SF
NOI
$60.0K $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%
$1,199,200
Cap Rate 7%
$856,571
Cap Rate 9%
$666,222
Alternative Uses
Best Use
Multifamily LT 5
$856.6K
$749.5K – $999.3K
NOI $59,960 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$782.6K
$684.8K – $913.1K
NOI $54,783 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,399 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,022
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered units each feature five bedrooms, two bathrooms, and updated kitchens and baths.
Where is this duplex located?
The property is located at 2085 S Saint Paul St Denver, CO.
What is the asking price?
The asking price for this property is $1,049,900.
What are key features of this property?
This property features: Two units, each with 5 bedrooms and 2 bathrooms; Brick construction; built in 1954; Separately metered units
