Duplex with Finished Lower
For Sale
$525,000
2504 N Race St, Denver, CO 80205
A finished basement with a private exterior entrance adds flexibility to the home’s two-bedroom main level.
Property Size1,553 SF
Days on Market10
Property Features for 2504 N Race St
General Information
Standard status
Active
Size
1,553 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$2,861
Building Details
Building Size
1,553 SF
Year Built
1910
Listing Agency:
MODUS Real Estate
Listed By:
Bobby Reginelli · License #100082744
(720) 636-6096
Source:
Corken
Added: Oct 1
Changed: Oct 8
Last Checked: Oct 10 at 12:11AM
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 MODUS Real Estate
Investment Insights
Based on property information with market context.
Built in 1910, this Craftsman-style home has two bedrooms on the main floor, including one with an en suite bathroom, plus a second full bathroom. Original wood floors, a brick fireplace, built-in cabinetry, detailed ceilings, and a dining-area window bench retain period character. The kitchen has granite countertops and substantial cabinet storage, while a main-floor laundry and mudroom connect to the finished lower level. That level includes an egress bedroom, full bathroom, LVP flooring, and a separate exterior entrance; the space may support a lock-off or guest arrangement with additional work.
The property is in Denver’s Whittier neighborhood, near Whittier Cafe, Fuller Park, Point Easy, The Plimoth, City Park Golf Course, and the Denver Zoo. Downtown Denver, RiNo, Five Points, and LoDo are described as reachable by bicycle.
The property is in Denver’s Whittier neighborhood, near Whittier Cafe, Fuller Park, Point Easy, The Plimoth, City Park Golf Course, and the Denver Zoo. Downtown Denver, RiNo, Five Points, and LoDo are described as reachable by bicycle.
Key Highlights
- 1910 construction with original Craftsman details, including wood floors and a brick fireplace
- Two main‑floor bedrooms, one with an en suite bathroom
- Finished basement with egress bedroom, full bathroom, and private exterior entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,809
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$516,180
$516.2K
Cap Rate 7%
$368,700
$368.7K
Cap Rate 9%
$286,767
$286.8K
Market Conditions
NOI Build-Up for 1,553 SF
Gross rent
$39.1K $25.20/SF
− Vacancy
−$2.3K −$1.46/SF
EGI
$36.9K $23.74/SF
− OpEx
−$11.1K −$7.12/SF
NOI
$25.8K $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%
$516,180
Cap Rate 7%
$368,700
Cap Rate 9%
$286,767
Alternative Uses
Best Use
Multifamily LT 5
$368.7K
$322.6K – $430.2K
NOI $25,809 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$336.9K
$294.8K – $393.0K
NOI $23,580 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$494.4K
$432.6K – $576.8K
NOI $34,606 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,910
Businesses Nearby
Explore this area
Business Placement
Demographics for 80205, CO
34,967
Population
19,040
Households
1.8
Avg Household Size
34
Median Age
61%
College-Educated
94%
High-School Grad
4.6 sq mi
ZIP Area
7,602
Density / Sq Mi
$98,770
Median Household Income
$69,760
Median Earnings
$1,816
Median Rent
$627,600
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 basement with a private exterior entrance adds flexibility to the home’s two-bedroom main level.
Where is this duplex located?
The property is located at 2504 N Race St Denver, CO.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 1910 construction with original Craftsman details, including wood floors and a brick fireplace; Two main‑floor bedrooms, one with an en suite bathroom; Finished basement with egress bedroom, full bathroom, and private exterior entrance
