Duplex with Basement Bonus
2645-2675 S Cherry Street Denver, CO 80222
2645-2675 S Cherry Street, Denver, CO, 80222
$699,900
For Sale
$699,900
Duplex offers two 3-bedroom, 1-bath units with washer-dryer hookups, plus a basement bonus room with outside access.
Property Size2,052 SF
Price / SF$341.08
Days on Market78
Property Features for 2645-2675 S Cherry Street
General Information
- Standard status
- Active
- Size
- 2,052 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1958
Listing agency
Madison & Company Properties
(303) 246-6629
Listed by
Angela Fox · License #40043577
(303) 246-6629
Source
Exitrealty
Added: May 6 Updated: Jul 22 at 2:01PM Checked: Jul 22 at 2:01PM
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 Madison & Company Properties
Investment Insights
Based on property information with market context.
This duplex features two separate units, each with three bedrooms and one full bath. Washer-dryer hookups are provided in both units. One unit includes a basement bonus room with outside access, which can serve as additional flexible space.
The property also includes a gated backyard. Off-street parking is available, with a single-car garage providing storage for one unit and a covered off-street parking stall for the second unit.
Both units are currently described as in rental condition with longer-term renters on a month-to-month lease.
The property also includes a gated backyard. Off-street parking is available, with a single-car garage providing storage for one unit and a covered off-street parking stall for the second unit.
Both units are currently described as in rental condition with longer-term renters on a month-to-month lease.
Key Highlights
- Duplex built in 1958 with 2,257 total SF
- 2 units: each has 3 bedrooms and 1 full bath (1,026 SF per side)
- Basement bonus room with outside access on one unit (additional 205 SF)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.7k | $25.20 |
| − Vacancy | −$3.0k | −$1.46 |
| EGI | $48.7k | $23.74 |
| − OpEx | −$14.6k | −$7.12 |
| NOI | $34.1k | $16.62 |
2,052 SF · lease $25.20/SF/yr · vacancy 5.79% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$487.2K
$426.3K – $568.4K
NOI $34,101 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$445.1K
$389.5K – $519.3K
NOI $31,157 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$653.2K
$571.6K – $762.1K
NOI $45,726 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex offers two 3-bedroom, 1-bath units with washer-dryer hookups, plus a basement bonus room with outside access.
Where is this duplex located?
The property is located at 2645-2675 S Cherry Street Denver, CO.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Duplex built in 1958 with 2,257 total SF; 2 units: each has 3 bedrooms and 1 full bath (1,026 SF per side); Basement bonus room with outside access on one unit (additional 205 SF)
