Updated
3232 W Custer Place, Denver, CO 80219
For Sale
$679,000
Two residences feature granite-counter kitchens and primary suites with walk-in closets.
Property Size2,304 SF
Price / SF$294.70
Days on Market82
Property Features for 3232 W Custer Place
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Equity Colorado Real Estate
Listed By:
Kevin Tiffin
Source:
Apollogroup
Added: Aug 25
Changed: Nov 7
Last Checked: Nov 13 at 1:12PM
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 Equity Colorado Real Estate
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Investment Insights
Based on property information with market context.
This 2008-built duplex contains 2,304 square feet. Both residences have open living areas and kitchens with granite counters. Primary bedrooms include ensuite bathrooms with full showers and walk-in closets. Flooring has been replaced, and the roof is new. The property is occupied by tenants and has a documented rental history.
Public transportation, shops, and restaurants are convenient to the property, with access to downtown also noted.
Public transportation, shops, and restaurants are convenient to the property, with access to downtown also noted.
Key Highlights
- Duplex with 2,304 square feet, built in 2008
- Both units feature open living areas and kitchens with granite counters
- Primary bedrooms have ensuite full‑shower baths and walk‑in closets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,731
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,620
$674.6K
Cap Rate 7%
$481,871
$481.9K
Cap Rate 9%
$374,789
$374.8K
Market Conditions
NOI Build-Up for 2,304 SF
Gross rent
$51.1K $22.20/SF
− Vacancy
−$3.0K −$1.29/SF
EGI
$48.2K $20.91/SF
− OpEx
−$14.5K −$6.27/SF
NOI
$33.7K $14.64/SF
Area
ZIP 80219
Vacancy
5.79%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,620
Cap Rate 7%
$481,871
Cap Rate 9%
$374,789
Alternative Uses
Best Use
Multifamily LT 5
$481.9K
$421.6K – $562.2K
NOI $33,731 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$442.6K
$387.3K – $516.4K
NOI $30,985 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$657.2K
$575.1K – $766.8K
NOI $46,006 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
867
Businesses Nearby
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Business Placement
Demographics for 80219, CO
61,585
Population
21,729
Households
2.8
Avg Household Size
33
Median Age
22%
College-Educated
72%
High-School Grad
7.4 sq mi
ZIP Area
8,322
Density / Sq Mi
$67,325
Median Household Income
$41,153
Median Earnings
$1,464
Median Rent
$426,200
Median Home Value
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Market
Average Price Trend$/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 - Two residences feature granite-counter kitchens and primary suites with walk-in closets.
Where is this duplex located?
The property is located at 3232 W Custer Place Denver, CO.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: Duplex with 2,304 square feet, built in 2008; Both units feature open living areas and kitchens with granite counters; Primary bedrooms have ensuite full‑shower baths and walk‑in closets
