Updated Quadplex with Detached
For Sale
$975,000
2219 S Ogden St, Denver, CO 80210
Four units, a detached garage, landscaped grounds, and upgraded building systems create a well-configured residential income property.
Property Size2,448 SF
Price / SF$398.28
Days on Market94
Property Features for 2219 S Ogden St
General Information
Standard status
Active
Size
2,448 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Gross Income
$75,240
Multifamily Units
4
Amenities
laundry room
landscaped yard
Building Details
Year Built
1890
Listing Agency:
Synergy Associates Inc
Listed By:
Matt Moon, Matt Stephens · License #40007686
(303) 399-9930
Source:
Teamuniteddenver
Added: Jul 15
Changed: Oct 15
Last Checked: Oct 7 at 4:56PM
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 Synergy Associates Inc
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Investment Insights
Based on property information with market context.
This four-unit property includes two residences on the main level, one upstairs apartment, and a garden-level unit ranging from 400 to 800 square feet. A detached three-car garage with 8' doors is complemented by two storage units, a common laundry room with newer coin-operated machines, outdoor space, landscaped grounds, a sprinkler system, and ample parking. Each residence has its own furnace, and all furnaces have been replaced.
Capital improvements include a replaced roof, sewer line, electric panel, hot water heaters, newer windows, and additional updates throughout. Lease terms run from 1-2 years, with recent extensions in place. The property is on a residential block near Harvard Gulch, DU, Wash Park, shopping, and dining. Public transportation is less than two blocks away, with access to I-25 and 285 nearby.
Capital improvements include a replaced roof, sewer line, electric panel, hot water heaters, newer windows, and additional updates throughout. Lease terms run from 1-2 years, with recent extensions in place. The property is on a residential block near Harvard Gulch, DU, Wash Park, shopping, and dining. Public transportation is less than two blocks away, with access to I-25 and 285 nearby.
Key Highlights
- Four‑unit layout with residences on the main, second, and garden levels
- Units range from 400‑800 sqft each
- 3‑car detached garage with 8' doors and two additional storage units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,682
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$813,640
$813.6K
Cap Rate 7%
$581,171
$581.2K
Cap Rate 9%
$452,022
$452.0K
Market Conditions
NOI Build-Up for 2,448 SF
Gross rent
$61.7K $25.20/SF
− Vacancy
−$3.6K −$1.46/SF
EGI
$58.1K $23.74/SF
− OpEx
−$17.4K −$7.12/SF
NOI
$40.7K $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%
$813,640
Cap Rate 7%
$581,171
Cap Rate 9%
$452,022
Alternative Uses
Best Use
Multifamily LT 5
$581.2K
$508.5K – $678.0K
NOI $40,682 @ 7.0% cap · market cap 4.17%
Second Best
Apartment 5plus
$531.0K
$464.6K – $619.5K
NOI $37,170 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$779.3K
$681.9K – $909.2K
NOI $54,550 @ 7.0% cap · market cap 5.59%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,842
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?
Quadplex - Four units, a detached garage, landscaped grounds, and upgraded building systems create a well-configured residential income property.
Where is this quadplex located?
The property is located at 2219 S Ogden St Denver, CO.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Four‑unit layout with residences on the main, second, and garden levels; Units range from 400‑800 sqft each; 3‑car detached garage with 8' doors and two additional storage units
