Classic Denver Duplex
For Sale
$699,000
421 E Alameda Ave, Denver, CO 80209
Prime location duplex, ideal for investment or residential use.
Property Size1,530 SF
Days on Market331
Property Features for 421 E Alameda Ave
General Information
Standard status
Active
Size
1,530 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$4,909
Building Details
Building Size
1,530 SF
Year Built
1909
Listing Agency:
LIV Sotheby's International Realty
Listed By:
Raechel Kimbriel · License #100106250
(321) 278-7155
Source:
Corken
Added: Nov 17, 2025
Changed: Oct 5
Last Checked: Oct 13 at 1:40AM
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 LIV Sotheby's International Realty
Investment Insights
Based on property information with market context.
This classic duplex offers a residential or investment opportunity in a walkable Denver location. The property at 421 E Alameda Ave provides versatility for living in one unit while renting out the other, or utilizing it as a full investment property. Each side features its own entrance and functional layout, with timeless charm and character throughout. Currently operating as a successful short-term rental, the property can be sold fully furnished for a turnkey experience and immediate income potential. The location provides convenient access to parks, restaurants, and shops.
Key Highlights
- Prime, walkable Denver location near parks, restaurants, and shops.
- Versatile duplex: live in one unit and rent the other, or use as a full investment property.
- Successful short‑term rental with immediate income potential.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,427
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$508,540
$508.5K
Cap Rate 7%
$363,243
$363.2K
Cap Rate 9%
$282,522
$282.5K
Market Conditions
NOI Build-Up for 1,530 SF
Gross rent
$38.6K $25.20/SF
− Vacancy
−$2.2K −$1.46/SF
EGI
$36.3K $23.74/SF
− OpEx
−$10.9K −$7.12/SF
NOI
$25.4K $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%
$508,540
Cap Rate 7%
$363,243
Cap Rate 9%
$282,522
Alternative Uses
Best Use
Multifamily LT 5
$363.2K
$317.8K – $423.8K
NOI $25,427 @ 7.0% cap · market cap 3.64%
Second Best
Apartment 5plus
$331.9K
$290.4K – $387.2K
NOI $23,231 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$487.1K
$426.2K – $568.2K
NOI $34,094 @ 7.0% cap · market cap 4.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,311
Businesses Nearby
Explore this area
Business Placement
Demographics for 80209, CO
27,061
Population
16,045
Households
1.7
Avg Household Size
38
Median Age
80%
College-Educated
99%
High-School Grad
3.5 sq mi
ZIP Area
7,732
Density / Sq Mi
$118,759
Median Household Income
$81,604
Median Earnings
$1,981
Median Rent
$971,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Prime location duplex, ideal for investment or residential use.
Where is this duplex located?
The property is located at 421 E Alameda Ave Denver, CO.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Prime, walkable Denver location near parks, restaurants, and shops.; Versatile duplex: live in one unit and rent the other, or use as a full investment property.; Successful short‑term rental with immediate income potential.
