Residential Income
New
For Sale
$699,900
3440 W 55th Place, Denver, CO 80221
The home includes central air, forced-air heating, ceiling fans, and tile counters.
Property Size1,606 SF
Price / SF$435.80
Days on Market4
Property Features for 3440 W 55th Place
General Information
Standard status
Active
Size
1,606 SF
Total Parking Spaces
6
Property subtype
Residential Income
Zoning
R-1-C
Taxes and HOA fees
Annual Taxes
$3,697
Amenities
Ceiling Fan(s), Central Air
Forced Air
Crawl Space
Ceiling Fan(s), Tile Counters
Mountain(s)
Concrete
Building Details
Building Size
1,606 SF
Year Built
1959
Listed By:
Amanda Rieter · License #100081016
(720) 340-8228
Source:
Evrealestate
Added: Oct 7
Last Checked: Oct 9 at 8:11PM
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 Amanda Rieter
Investment Insights
Based on property information with market context.
Built in 1959, this residential income property has ceiling fans, central air, forced-air heating, tile counters, and a crawl space. The exterior features concrete.
Key Highlights
- Built in 1959
- R‑1‑C zoning
- Central air and forced‑air heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,385
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,700
$487.7K
Cap Rate 7%
$348,357
$348.4K
Cap Rate 9%
$270,944
$270.9K
Market Conditions
NOI Build-Up for 1,606 SF
Gross rent
$47.2K $29.40/SF
− Vacancy
−$2.9K −$1.79/SF
EGI
$44.3K $27.61/SF
− OpEx
−$20.0K −$12.42/SF
NOI
$24.4K $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%
$487,700
Cap Rate 7%
$348,357
Cap Rate 9%
$270,944
Alternative Uses
Best Use
Apartment 5plus
$348.4K
$304.8K – $406.4K
NOI $24,385 @ 7.0% cap · market cap 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$511.2K
$447.3K – $596.5K
NOI $35,787 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
445
Businesses Nearby
Explore this area
Business Placement
Demographics for 80221, CO
42,224
Population
15,165
Households
2.8
Avg Household Size
34
Median Age
28%
College-Educated
84%
High-School Grad
9.1 sq mi
ZIP Area
4,640
Density / Sq Mi
$84,425
Median Household Income
$42,720
Median Earnings
$1,642
Median Rent
$449,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The home includes central air, forced-air heating, ceiling fans, and tile counters.
Where is this residential income property located?
The property is located at 3440 W 55th Place Denver, CO.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Built in 1959; R‑1‑C zoning; Central air and forced‑air heating
