Triplex with Private Yards and
For Sale
$650,000
3525 N Saint Paul Street, Denver, CO 80205
Three-unit triplex built in 1940 with private yards, garages, and long-term rental history.
Property Size2,482 SF
Price / SF$261.89
Days on Market205
Property Features for 3525 N Saint Paul Street
General Information
Standard status
Active
Size
2,482 SF
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Building Details
Year Built
1940
Tenancy
Multi
Listing Agency:
ViaTerra
(303) 668-2904
Listed By:
Ashley Bock · License #100053504
(303) 668-2904
Source:
Exitrealty
Added: Jan 8
Changed: Jul 31
Last Checked: Jul 31 at 6:56AM
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 ViaTerra
Investment Insights
Based on property information with market context.
This triplex at 3525 N Saint Paul Street offers three separate units in a 1940-built property. Each unit includes its own private yard and garage. The unit mix features two 2 bed/1 bath units with basement space (3521 and 3525) and one 1 bed/1 bath unit (3523).
The property has been consistently rented for several years. One long-term tenant is currently on a month-to-month lease and would like to stay. The end units are vacant, while the middle unit (3523) is tenant occupied and requires 24-hour notice for showings.
Additional practical details for evaluation include the total property size of 2,482 square feet and the configuration of basement space with the 2 bed/1 bath units. The access and convenience described in the area support steady leasing interest, with proximity to public transportation, I-70, bus routes, and light rail.
The property has been consistently rented for several years. One long-term tenant is currently on a month-to-month lease and would like to stay. The end units are vacant, while the middle unit (3523) is tenant occupied and requires 24-hour notice for showings.
Additional practical details for evaluation include the total property size of 2,482 square feet and the configuration of basement space with the 2 bed/1 bath units. The access and convenience described in the area support steady leasing interest, with proximity to public transportation, I-70, bus routes, and light rail.
Key Highlights
- Built in 1940
- Three‑unit triplex with private yard and garage for each unit
- Two 2 bed/1 bath units with basement space: 3521 and 3525
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.5k | $25.20 |
| − Vacancy | −$3.6k | −$1.46 |
| EGI | $58.9k | $23.74 |
| − OpEx | −$17.7k | −$7.12 |
| NOI | $41.2k | $16.62 |
2,482 SF · lease $25.20/SF/yr · vacancy 5.79% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$589.2K
$515.6K – $687.5K
NOI $41,247 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$538.4K
$471.1K – $628.1K
NOI $37,686 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$790.1K
$691.4K – $921.8K
NOI $55,308 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
835
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit triplex built in 1940 with private yards, garages, and long-term rental history.
Where is this triplex located?
The property is located at 3525 N Saint Paul 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: Built in 1940; Three‑unit triplex with private yard and garage for each unit; Two 2 bed/1 bath units with basement space: 3521 and 3525
