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Renovated Duplex with Detached Garages
For Sale
$725,000
Pending

2520-2522 Yates Street, Denver, CO 80212

Two updated units offer private outdoor space, dedicated garage parking, and views toward Sloan’s Lake and the park.

Property Size1,267 SF
Days on Market44

Property Features for 2520-2522 Yates Street

General Information

Standard status Pending
Size 1,267 SF
Total Parking Spaces 4
Property subtype Residential Income / Duplex

Units

Unit Mix 2 x 1BR/1BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $4,286

Amenities

deck
low-maintenance yard
Hot Water, Steam
Crawl Space
Tile, Wood
572
Dishwasher, Disposal, Dryer, Oven, Range, Range Hood, Refrigerator, Washer
1267
Public Records
Exterior Access
West
In Unit, Main Level
Breakfast Bar, Built-in Features, Eat-in Kitchen, No Stairs, Open Floorplan, Quartz Counters, Smoke Free, Solid Surface Counters

Building Details

Year Built 1952
Listing Agency: Compass - Denver
Listed By: Jenny Apel · License #40003516
Source: Compass
Added: Sep 1 Changed: Oct 3 Last Checked: Oct 12 at 10:03PM

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 Compass - Denver

Investment Insights

Based on property information with market context.

This fully renovated duplex contains two separate residences, each with one bedroom and one bathroom. Improvements include refreshed kitchens and bathrooms, new paint, lighting, doors, refinished wood flooring, and decks. The property also provides a 2-car detached garage for each side, along with an individually maintained yard featuring faux turf. The combined property size is 1,267 square feet.

Completed in 1952, the duplex is identified as a Sloan’s Lake contemporary and has views of the lake and park. Its address is 2520-2522 Yates St, Denver, CO 80212. The existing configuration supports separate living spaces with dedicated garage access and outdoor areas.

Key Highlights

  • Two‑unit duplex with 1 bedroom and 1 bathroom per side
  • Fully renovated with updated kitchens, bathrooms, lighting, doors, and refinished wood floors
  • 2‑car detached garage assigned to each unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$21,056
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,120 $421.1K
Cap Rate 7%
$300,800 $300.8K
Cap Rate 9%
$233,956 $234.0K
Market Conditions
NOI Build-Up for 1,267 SF
Gross rent
$31.9K $25.20/SF
− Vacancy
−$1.8K −$1.46/SF
EGI
$30.1K $23.74/SF
− OpEx
−$9.0K −$7.12/SF
NOI
$21.1K $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%
$421,120
Cap Rate 7%
$300,800
Cap Rate 9%
$233,956

Alternative Uses

Best Use
Multifamily LT 5
$300.8K
$263.2K – $350.9K (±1% cap)
NOI $21,056 @ 7.0% cap · market cap 2.90%
Second Best
Apartment 5plus
$274.8K
$240.5K – $320.6K (±1% cap)
NOI $19,238 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$403.3K
$352.9K – $470.6K (±1% cap)
NOI $28,233 @ 7.0% cap · market cap 3.89%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Kitchen & Bath Showroom Big Box & Wholesale Store Computer & Electronic Repair (Bike/Boat/Book/etc) Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

951
Businesses Nearby

Demographics for 80212, CO

20,397
Population
10,870
Households
1.9
Avg Household Size
38
Median Age
64%
College-Educated
96%
High-School Grad
3.6 sq mi
ZIP Area
5,666
Density / Sq Mi
$118,692
Median Household Income
$76,379
Median Earnings
$1,714
Median Rent
$705,300
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two updated units offer private outdoor space, dedicated garage parking, and views toward Sloan’s Lake and the park.
Where is this duplex located?
The property is located at 2520-2522 Yates Street Denver, CO.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Two‑unit duplex with 1 bedroom and 1 bathroom per side; Fully renovated with updated kitchens, bathrooms, lighting, doors, and refinished wood floors; 2‑car detached garage assigned to each unit
More about this property
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