Updated Duplex with Fenced
For Sale
$478,000
3505 N Elizabeth St, Denver, CO 80205
Flexible finished lower level, central air conditioning, and no HOA support adaptable residential use.
Property Size1,496 SF
Days on Market98
Property Features for 3505 N Elizabeth St
General Information
Standard status
Active
Size
1,496 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,661
Amenities
central air conditioning
fenced yard
finished lower level
Building Details
Building Size
1,496 SF
Year Built
1953
Buildings
1
Listing Agency:
eXp Realty, LLC
Listed By:
Dianne Schell
(720) 545-5326
Source:
Corken
Added: Jul 11
Changed: Oct 9
Last Checked: Oct 15 at 6:27AM
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.
This updated duplex includes three bedrooms, two bathrooms, and nearly 1,500 finished square feet. Interior improvements include a modernized kitchen, refreshed bathrooms, comfortable living areas, and a finished lower level that expands the usable floor plan. Central air conditioning adds year-round comfort, while the property’s layout supports a range of residential arrangements.
Outside, the private fenced yard provides dedicated space for outdoor use, and two off-street parking spaces are included. The property is near City Park, RiNo, Downtown Denver, restaurants, shopping, recreation, and major commuter routes. No HOA is associated with the property.
Outside, the private fenced yard provides dedicated space for outdoor use, and two off-street parking spaces are included. The property is near City Park, RiNo, Downtown Denver, restaurants, shopping, recreation, and major commuter routes. No HOA is associated with the property.
Key Highlights
- Nearly 1,500 finished square feet with 3 bedrooms and 2 bathrooms
- Finished lower level adds flexible living or workspace
- Private fenced yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,861
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$497,220
$497.2K
Cap Rate 7%
$355,157
$355.2K
Cap Rate 9%
$276,233
$276.2K
Market Conditions
NOI Build-Up for 1,496 SF
Gross rent
$37.7K $25.20/SF
− Vacancy
−$2.2K −$1.46/SF
EGI
$35.5K $23.74/SF
− OpEx
−$10.7K −$7.12/SF
NOI
$24.9K $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%
$497,220
Cap Rate 7%
$355,157
Cap Rate 9%
$276,233
Alternative Uses
Best Use
Multifamily LT 5
$355.2K
$310.8K – $414.4K
NOI $24,861 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$324.5K
$283.9K – $378.6K
NOI $22,715 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$476.2K
$416.7K – $555.6K
NOI $33,336 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
851
Businesses Nearby
Explore this area
Business Placement
Demographics for 80205, CO
34,967
Population
19,040
Households
1.8
Avg Household Size
34
Median Age
61%
College-Educated
94%
High-School Grad
4.6 sq mi
ZIP Area
7,602
Density / Sq Mi
$98,770
Median Household Income
$69,760
Median Earnings
$1,816
Median Rent
$627,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Flexible finished lower level, central air conditioning, and no HOA support adaptable residential use.
Where is this duplex located?
The property is located at 3505 N Elizabeth St Denver, CO.
What is the asking price?
The asking price for this property is $478,000.
What are key features of this property?
This property features: Nearly 1,500 finished square feet with 3 bedrooms and 2 bathrooms; Finished lower level adds flexible living or workspace; Private fenced yard
