Duplex With Evaporative
For Sale
$810,000
402/406 N Washington Street, Denver, CO 80203
1922-era duplex featuring evaporative cooling and the option to sell one unit furnished.
Property Size1,948 SF
Price / SF$415.81
Days on Market8
Property Features for 402/406 N Washington Street
General Information
Standard status
Active
Size
1,948 SF
Property subtype
Multi Family
Additional Details
Gross Income
$60,000
Building Details
Year Built
1922
Tenancy
Multi
Listing Agency:
NAV Real Estate
(720) 560-5855
Listed By:
Brent Malia · License #100053411
(720) 560-5855
Source:
Exitrealty
Added: Jul 24
Changed: Jul 31
Last Checked: Jul 31 at 3:16AM
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 NAV Real Estate
Investment Insights
Based on property information with market context.
This duplex at 402/406 N Washington Street was built in 1922 and offers two residences under one ownership. Each residence includes evaporative cooling for added comfort during warmer months. The property totals 1,948 SF.
A key feature of the configuration is that 406 N Washington can be sold furnished, which may appeal to buyers interested in furnished rentals, executive housing, or other shorter-term style occupancy options if permitted.
The duplex is located just minutes from downtown Denver, with access to Cherry Creek, parks, restaurants, shopping, and public transportation. It’s positioned for tenants who prioritize central Denver convenience and for owners who want a straightforward two-residence setup.
A key feature of the configuration is that 406 N Washington can be sold furnished, which may appeal to buyers interested in furnished rentals, executive housing, or other shorter-term style occupancy options if permitted.
The duplex is located just minutes from downtown Denver, with access to Cherry Creek, parks, restaurants, shopping, and public transportation. It’s positioned for tenants who prioritize central Denver convenience and for owners who want a straightforward two-residence setup.
Key Highlights
- 1,948 SF duplex at 402/406 N Washington Street
- Built in 1922
- Evaporative cooling in each residence
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 | $49.1k | $25.20 |
| − Vacancy | −$2.8k | −$1.46 |
| EGI | $46.2k | $23.74 |
| − OpEx | −$13.9k | −$7.12 |
| NOI | $32.4k | $16.62 |
1,948 SF · lease $25.20/SF/yr · vacancy 5.79% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$462.5K
$404.7K – $539.6K
NOI $32,373 @ 7.0% cap · market cap 4.00%
Second Best
Apartment 5plus
$422.5K
$369.7K – $493.0K
NOI $29,578 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$620.1K
$542.6K – $723.5K
NOI $43,408 @ 7.0% cap · market cap 5.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,383
Businesses Nearby
Explore this area
Business Placement
Demographics for 80203, CO
22,883
Population
16,887
Households
1.4
Avg Household Size
33
Median Age
69%
College-Educated
97%
High-School Grad
1.1 sq mi
ZIP Area
20,803
Density / Sq Mi
$74,654
Median Household Income
$59,229
Median Earnings
$1,569
Median Rent
$462,500
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?
Duplex - 1922-era duplex featuring evaporative cooling and the option to sell one unit furnished.
Where is this duplex located?
The property is located at 402/406 N Washington Street Denver, CO.
What is the asking price?
The asking price for this property is $810,000.
What are key features of this property?
This property features: 1,948 SF duplex at 402/406 N Washington Street; Built in 1922; Evaporative cooling in each residence
