Half-Duplex Income
For Sale
$575,000
Pending
3440 N Albion St, Denver, CO 80207
Mixed-use zoning allows business and residential use, with a flexible office or bedroom on the main level.
Property Size1,936 SF
Days on Market47
Property Features for 3440 N Albion St
General Information
Standard status
Pending
Size
1,936 SF
Total Parking Spaces
2
Property subtype
Duplex
Site & Location
Neighborhood
Northeast Park Hill
Additional Details
Multifamily Units
1
Amenities
patio
fenced yard
Building Details
Year Built
2016
Listing Agency:
NoCo Flex Real Estate
Listed By:
Ian Johnston
(970) 237-4749
Source:
Nocoflex
Added: Sep 15
Changed: Oct 30
Last Checked: Oct 30 at 2:36PM
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 NoCo Flex Real Estate
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Investment Insights
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Built in 2016, this 1,936-square-foot half duplex has an open main-floor living area, high ceilings, and refinished solid wood flooring. The kitchen includes Euro-style cabinetry, granite counters, and stainless steel appliances. A main-level room can serve as an office or fourth bedroom, with a half bath nearby. Upstairs are the primary suite with a private bathroom and two additional bedrooms served by a shared bath.
The property includes a fenced front and side yard with a patio, plus a detached two-car garage. Mixed-use zoning supports both business and residential use. Park Hill Open-Space Park is nearby.
The property includes a fenced front and side yard with a patio, plus a detached two-car garage. Mixed-use zoning supports both business and residential use. Park Hill Open-Space Park is nearby.
Key Highlights
- 1,936 square feet; built in 2016
- Mixed‑use zoning allows business and residential use
- Four‑bedroom configuration with a main‑level room suited to office use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,396
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,920
$587.9K
Cap Rate 7%
$419,943
$419.9K
Cap Rate 9%
$326,622
$326.6K
Market Conditions
NOI Build-Up for 1,936 SF
Gross rent
$56.9K $29.40/SF
− Vacancy
−$3.5K −$1.79/SF
EGI
$53.4K $27.61/SF
− OpEx
−$24.1K −$12.42/SF
NOI
$29.4K $15.18/SF
Area
Denver, CO
Vacancy
6.10%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,920
Cap Rate 7%
$419,943
Cap Rate 9%
$326,622
Alternative Uses
Best Use
Apartment 5plus
$419.9K
$367.5K – $489.9K
NOI $29,396 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$616.3K
$539.3K – $719.0K
NOI $43,141 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
757
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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Frequently Asked Questions
What type of property is this?
Residential income property - Mixed-use zoning allows business and residential use, with a flexible office or bedroom on the main level.
Where is this residential income property located?
The property is located at 3440 N Albion St Denver, CO.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 1,936 square feet; built in 2016; Mixed‑use zoning allows business and residential use; Four‑bedroom configuration with a main‑level room suited to office use
