Historic Two-Unit
2741 Champa St, Denver, CO 80205
For Sale
$678,000
Separate kitchens and a shared laundry area serve the property's two-unit configuration.
Property Size1,724 SF
Price / SF$393.27
Days on Market20
Property Features for 2741 Champa St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Additional Details
Multifamily Units
Amenities
covered porch
shared washer/dryer
raised garden beds
deck
Building Details
Year Built
Buildings
Listing Agency:
Coldwell Banker Realty 28
Listed By:
Anne Pielage · License #40044059
(720) 939-2680
Source:
Thedenverhomefinder
Added: Oct 21
Changed: Nov 8
Last Checked: Nov 8 at 6:57AM
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 Coldwell Banker Realty 28
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Investment Insights
Based on property information with market context.
Built in 1886, this 1,724-square-foot duplex is arranged as two separate residences. The main-level unit has a bedroom, full bath, kitchen with gas range, original wood floors, high ceilings, pocket doors and a decorative fireplace. Upstairs are two bedrooms, a bonus room, a family room, a full bath and a kitchen with stainless steel appliances. A shared mudroom with washer and dryer connects to the rear staircase. The property also includes a covered front porch, gated front yard and backyard parking accessed from the alley.
Bus service is one block away, and the 27th & Welton Light Rail Station is less than 0.2 mile from the property. St. Joseph Hospital is less than a mile away; Denver Central Market and the Ballpark are among the nearby destinations.
Bus service is one block away, and the 27th & Welton Light Rail Station is less than 0.2 mile from the property. St. Joseph Hospital is less than a mile away; Denver Central Market and the Ballpark are among the nearby destinations.
Key Highlights
- 1,724‑square‑foot duplex built in 1886
- Two separate units, each with a kitchen and full bath
- Main‑level unit features original wood floors, pocket doors and a decorative fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,651
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$573,020
$573.0K
Cap Rate 7%
$409,300
$409.3K
Cap Rate 9%
$318,344
$318.3K
Market Conditions
NOI Build-Up for 1,724 SF
Gross rent
$43.4K $25.20/SF
− Vacancy
−$2.5K −$1.46/SF
EGI
$40.9K $23.74/SF
− OpEx
−$12.3K −$7.12/SF
NOI
$28.7K $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%
$573,020
Cap Rate 7%
$409,300
Cap Rate 9%
$318,344
Alternative Uses
Best Use
Multifamily LT 5
$409.3K
$358.1K – $477.5K
NOI $28,651 @ 7.0% cap · market cap 4.23%
Second Best
Apartment 5plus
$374.0K
$327.2K – $436.3K
NOI $26,177 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$548.8K
$480.2K – $640.3K
NOI $38,417 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,310
Businesses Nearby
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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
$627,600
Median Home Value
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Market
Average Price Trend$/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 - Separate kitchens and a shared laundry area serve the property's two-unit configuration.
Where is this duplex located?
The property is located at 2741 Champa St Denver, CO.
What is the asking price?
The asking price for this property is $678,000.
What are key features of this property?
This property features: 1,724‑square‑foot duplex built in 1886; Two separate units, each with a kitchen and full bath; Main‑level unit features original wood floors, pocket doors and a decorative fireplace
