Renovated Duplex with
For Sale
$1,075,000
303 & 307 S Gilpin Street, Denver, CO 80209
Two residential units offer private back yards, partially finished basements, and dedicated parking improvements.
Property Size4,078 SF
Days on Market77
Property Features for 303 & 307 S Gilpin Street
General Information
Standard status
Active
Size
4,078 SF
Property subtype
Multifamily
Amenities
partially finished basements
private back yards
Building Details
Building Size
4,078 SF
Year Built
1923
Listing Agency:
Pinnacle Real Estate Advisors
Listed By:
Connor Knutson · License #100052573
(303) 962-9567
Source:
Pinnaclerea
Added: Jul 30
Changed: Oct 9
Last Checked: Oct 12 at 6:11PM
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 Pinnacle Real Estate Advisors
Investment Insights
Based on property information with market context.
This Denver duplex includes two large two-bedroom, one-bath units with renovated interiors, partially finished basements, and private back yards. The property also includes a detached garage and one off-street parking space. A new roof is planned for Summer 2026.
Located at 303 & 307 S Gilpin Street in Denver, the property is 3 blocks from Washington Park. The two-unit configuration, basement areas, exterior space, and parking improvements support a residential income property format with an owner-occupant opportunity.
Located at 303 & 307 S Gilpin Street in Denver, the property is 3 blocks from Washington Park. The two-unit configuration, basement areas, exterior space, and parking improvements support a residential income property format with an owner-occupant opportunity.
Key Highlights
- Two large 2 Bed/1 Bath units
- Partially finished basements and private back yards
- Detached garage plus one off‑street parking space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,771
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,355,420
$1.4M
Cap Rate 7%
$968,157
$968.2K
Cap Rate 9%
$753,011
$753.0K
Market Conditions
NOI Build-Up for 4,078 SF
Gross rent
$102.8K $25.20/SF
− Vacancy
−$6.0K −$1.46/SF
EGI
$96.8K $23.74/SF
− OpEx
−$29.0K −$7.12/SF
NOI
$67.8K $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%
$1,355,420
Cap Rate 7%
$968,157
Cap Rate 9%
$753,011
Alternative Uses
Best Use
Multifamily LT 5
$968.2K
$847.1K – $1.13M
NOI $67,771 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$884.6K
$774.0K – $1.03M
NOI $61,919 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$1.30M
$1.14M – $1.51M
NOI $90,872 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,310
Businesses Nearby
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Business Placement
Demographics for 80209, CO
27,061
Population
16,045
Households
1.7
Avg Household Size
38
Median Age
80%
College-Educated
99%
High-School Grad
3.5 sq mi
ZIP Area
7,732
Density / Sq Mi
$118,759
Median Household Income
$81,604
Median Earnings
$1,981
Median Rent
$971,500
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 - Two residential units offer private back yards, partially finished basements, and dedicated parking improvements.
Where is this duplex located?
The property is located at 303 & 307 S Gilpin Street Denver, CO.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Two large 2 Bed/1 Bath units; Partially finished basements and private back yards; Detached garage plus one off‑street parking space
