Duplex with Evaporative
For Sale
$810,000
402 N Washington St, Denver, CO 80203
Two residences combine classic character with practical updates, including evaporative cooling for warmer months.
Days on Market10
Property Features for 402 N Washington St
General Information
Standard status
Active
Property subtype
Duplex
Building Details
Building Size
1,948 SF
Year Built
1922
Tenancy
Multi
Listing Agency:
NAV Real Estate
(720) 560-5855
Listed By:
Brent Malia · License #100053411
(720) 560-5855
Source:
Guidere
Added: Jul 22
Changed: Jul 31
Last Checked: Jul 31 at 6:58PM
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.
Built in 1922, this duplex includes two residences at 402 and 406 N. Washington St. Each unit combines the character of a classic Denver home with practical updates, including evaporative cooling for added comfort during warmer months. The property offers flexibility for an owner occupant, traditional rental operation, or other residential rental strategies where permitted.
The 406 N. Washington residence may be sold furnished, supporting potential furnished rental, executive housing, or short-to-mid-term rental use if permitted. The property is located minutes from downtown Denver, Cherry Creek, parks, restaurants, shopping, and public transportation. Both residences have a history of consistent leasing, and multiple rental applications have been received when units became available.
The 406 N. Washington residence may be sold furnished, supporting potential furnished rental, executive housing, or short-to-mid-term rental use if permitted. The property is located minutes from downtown Denver, Cherry Creek, parks, restaurants, shopping, and public transportation. Both residences have a history of consistent leasing, and multiple rental applications have been received when units became available.
Key Highlights
- Duplex with two residences at 402 and 406 N. Washington St.
- Built in 1922
- Both residences feature evaporative cooling
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
4,762
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 - Two residences combine classic character with practical updates, including evaporative cooling for warmer months.
Where is this duplex located?
The property is located at 402 N Washington St 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: Duplex with two residences at 402 and 406 N. Washington St.; Built in 1922; Both residences feature evaporative cooling
