Duplex with Updated
For Sale
$650,000
324 S Logan Street, Denver, CO 80209
Each residence has its own bedroom, full bath, kitchen and living area, with both units currently occupied by tenants.
Property Size1,436 SF
Price / SF$452.65
Days on Market35
Property Features for 324 S Logan Street
General Information
Standard status
Active
Size
1,436 SF
Total Parking Spaces
2
Property subtype
Duplex
Occupancy
100%
Site & Location
Neighborhood
Washington Park West
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,566
Amenities
in-unit laundry
covered front porch
fenced yard
covered patio
garden space
detached storage shed
Building Details
Building Size
1,436 SF
Year Built
1898
Listing Agency:
eXp Realty, LLC
Listed By:
The Apollo Group (Be One Realty)
(720) 987-0162
Source:
Apollogroup
Added: Sep 25
Changed: Oct 26
Last Checked: Oct 26 at 3:53PM
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 eXp Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 1898, this 1,436-square-foot duplex contains two separate residences, each with a bedroom, full bath, kitchen and living area. Interior improvements include remodeled kitchens with new cabinetry and quartz countertops, exposed brick details, and in-unit washer and dryer. The 324 unit also has an office, mudroom and walk-in closet.
Both units are tenant-occupied, and one is leased month-to-month. Exterior features include a covered front porch, fenced yard, covered patio, garden area, detached storage shed and two off-street parking spaces. The property is in Denver’s Washington Park West, within walking distance of neighborhood restaurants, bars and coffee shops, as well as South Broadway dining, retail and entertainment. Washington Park is also within walking distance.
Both units are tenant-occupied, and one is leased month-to-month. Exterior features include a covered front porch, fenced yard, covered patio, garden area, detached storage shed and two off-street parking spaces. The property is in Denver’s Washington Park West, within walking distance of neighborhood restaurants, bars and coffee shops, as well as South Broadway dining, retail and entertainment. Washington Park is also within walking distance.
Key Highlights
- Two‑residence duplex totaling 1,436 square feet
- Built in 1898
- Both units are tenant‑occupied; one has a month‑to‑month lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,864
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$477,280
$477.3K
Cap Rate 7%
$340,914
$340.9K
Cap Rate 9%
$265,156
$265.2K
Market Conditions
NOI Build-Up for 1,436 SF
Gross rent
$36.2K $25.20/SF
− Vacancy
−$2.1K −$1.46/SF
EGI
$34.1K $23.74/SF
− OpEx
−$10.2K −$7.12/SF
NOI
$23.9K $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%
$477,280
Cap Rate 7%
$340,914
Cap Rate 9%
$265,156
Alternative Uses
Best Use
Multifamily LT 5
$340.9K
$298.3K – $397.7K
NOI $23,864 @ 7.0% cap · market cap 3.67%
Second Best
Apartment 5plus
$311.5K
$272.6K – $363.4K
NOI $21,804 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$457.1K
$400.0K – $533.3K
NOI $31,999 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,960
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own bedroom, full bath, kitchen and living area, with both units currently occupied by tenants.
Where is this duplex located?
The property is located at 324 S Logan Street Denver, CO.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two‑residence duplex totaling 1,436 square feet; Built in 1898; Both units are tenant‑occupied; one has a month‑to‑month lease
