Updated Brick
For Sale
$375,000
3216 Pontiac St, Denver, CO 80207
Remodeled interiors, a finished basement, and a fenced outdoor area support flexible residential use.
Property Size750 SF
Days on Market50
Property Features for 3216 Pontiac St
General Information
Standard status
Active
Size
750 SF
Property subtype
Duplex
Site & Location
Neighborhood
Northeast Park Hill
Highway Access
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,578
Amenities
fenced yard
patio
paver area
sprinkler system
storage shed
washer
dryer
Building Details
Building Size
750 SF
Year Built
1955
Buildings
1
Construction
brick
Listing Agency:
Metro Home Finders
Listed By:
Cindy Dassinger
(303) 618-4952
Source:
Corken
Added: Sep 4
Changed: Oct 20
Last Checked: Oct 21 at 5:04AM
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 Metro Home Finders
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Investment Insights
Based on property information with market context.
This all-brick duplex, built in 1955, combines updated living areas with flexible space across the main level and basement. The main floor includes hardwood flooring, an updated kitchen with granite countertops, stainless steel appliances, and a tile backsplash, plus a bathroom with a custom-tiled shower. The remodeled basement, completed in 2022, adds a second primary bedroom option, a large walk-in closet, an updated bathroom, and vinyl flooring over DRICORE subfloor panels.
Outdoor features include a fenced yard, patio, paver area, sprinkler system, and storage shed. Major improvements include a roof installed in 2018, tankless water heater from 2019, and furnace and central air conditioning installed in 2022. A washer and dryer are included. The property is located on Pontiac St with access to Colorado Boulevard and I-70, and is near shopping, restaurants, City Park, Denver Zoo, and the Denver Museum of Nature & Science.
Outdoor features include a fenced yard, patio, paver area, sprinkler system, and storage shed. Major improvements include a roof installed in 2018, tankless water heater from 2019, and furnace and central air conditioning installed in 2022. A washer and dryer are included. The property is located on Pontiac St with access to Colorado Boulevard and I-70, and is near shopping, restaurants, City Park, Denver Zoo, and the Denver Museum of Nature & Science.
Key Highlights
- All‑brick duplex built in 1955
- Basement remodel completed in 2022 with DRICORE subfloor panels and vinyl flooring
- Updated kitchen with granite countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,464
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,280
$249.3K
Cap Rate 7%
$178,057
$178.1K
Cap Rate 9%
$138,489
$138.5K
Market Conditions
NOI Build-Up for 750 SF
Gross rent
$18.9K $25.20/SF
− Vacancy
−$1.1K −$1.46/SF
EGI
$17.8K $23.74/SF
− OpEx
−$5.3K −$7.12/SF
NOI
$12.5K $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%
$249,280
Cap Rate 7%
$178,057
Cap Rate 9%
$138,489
Alternative Uses
Best Use
Multifamily LT 5
$178.1K
$155.8K – $207.7K
NOI $12,464 @ 7.0% cap · market cap 3.32%
Second Best
Apartment 5plus
$162.7K
$142.4K – $189.8K
NOI $11,388 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$238.8K
$208.9K – $278.6K
NOI $16,713 @ 7.0% cap · market cap 4.46%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,446
Businesses Nearby
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Business Placement
Demographics for 80207, CO
21,170
Population
9,291
Households
2.3
Avg Household Size
38
Median Age
61%
College-Educated
93%
High-School Grad
3.9 sq mi
ZIP Area
5,428
Density / Sq Mi
$112,325
Median Household Income
$71,163
Median Earnings
$1,819
Median Rent
$661,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Remodeled interiors, a finished basement, and a fenced outdoor area support flexible residential use.
Where is this duplex located?
The property is located at 3216 Pontiac St Denver, CO.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: All‑brick duplex built in 1955; Basement remodel completed in 2022 with DRICORE subfloor panels and vinyl flooring; Updated kitchen with granite countertops and stainless steel appliances
