Renovated Two-Unit
2212-2216 S Cherry St 2216, Denver, CO 80222
For Sale
New
$1,200,000
Each residence offers three bedrooms and two bathrooms.
Property Size2,840 SF
Days on Market6
Property Features for 2212-2216 S Cherry St 2216
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Asking Price
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
LIV Sotheby's International Realty
Listed By:
Jeff Bernard · License CO #1321080
(303) 564-7630
Source:
Corken
Added: Nov 9
Changed: Nov 13
Last Checked: Nov 12 at 3:06PM
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 LIV Sotheby's International Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Denver duplex contains two residences, each arranged with three bedrooms and two bathrooms. The property was built in 1963 and has been renovated.
The offering is identified as the duplex at 2212-2216 S Cherry St.
The offering is identified as the duplex at 2212-2216 S Cherry St.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- Built in 1963
- Renovated duplex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,197
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$943,940
$943.9K
Cap Rate 7%
$674,243
$674.2K
Cap Rate 9%
$524,411
$524.4K
Market Conditions
NOI Build-Up for 2,840 SF
Gross rent
$71.6K $25.20/SF
− Vacancy
−$4.1K −$1.46/SF
EGI
$67.4K $23.74/SF
− OpEx
−$20.2K −$7.12/SF
NOI
$47.2K $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%
$943,940
Cap Rate 7%
$674,243
Cap Rate 9%
$524,411
Alternative Uses
Best Use
Multifamily LT 5
$674.2K
$590.0K – $786.6K
NOI $47,197 @ 7.0% cap · market cap 3.93%
Second Best
Apartment 5plus
$616.0K
$539.0K – $718.7K
NOI $43,122 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$904.1K
$791.1K – $1.05M
NOI $63,285 @ 7.0% cap · market cap 5.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,890
Businesses Nearby
Explore this area
Business Placement
Demographics for 80222, CO
22,381
Population
11,625
Households
1.9
Avg Household Size
38
Median Age
57%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
5,890
Density / Sq Mi
$85,354
Median Household Income
$57,833
Median Earnings
$1,715
Median Rent
$596,300
Median Home Value
Market
Average Price Trend$/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 - Each residence offers three bedrooms and two bathrooms.
Where is this duplex located?
The property is located at 2212-2216 S Cherry St 2216 Denver, CO.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; Built in 1963; Renovated duplex
