Two-Unit
For Sale
$750,000
421 E Alameda Avenue, Denver, CO 80209
Separate entrances and functional layouts support flexible residential occupancy or short-term rental use.
Property Size1,530 SF
Price / SF$490.20
Days on Market207
Property Features for 421 E Alameda Avenue
General Information
Standard status
Active
Size
1,530 SF
Property subtype
Multi Family
Building Details
Year Built
1909
Buildings
1
Tenancy
Multi
Listing Agency:
LIV Sotheby's International Realty
(321) 278-7155
Listed By:
Raechel Kimbriel · License #100106250
(321) 278-7155
Source:
Exitrealty
Added: Jan 6
Changed: Jul 31
Last Checked: Jul 31 at 3:25PM
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 contains 1,530 square feet and was built in 1909. Each unit has its own entrance and a functional layout with character throughout, supporting separate occupancy within the two-unit configuration. The property is currently operated as a short-term rental and may be sold fully furnished.
Located at 421 E Alameda Avenue in Denver, the property is near parks, restaurants, and shops. Its residential setting and separate unit access accommodate use as a full investment property or an owner-occupied residence with an additional unit, as described in the property information.
Located at 421 E Alameda Avenue in Denver, the property is near parks, restaurants, and shops. Its residential setting and separate unit access accommodate use as a full investment property or an owner-occupied residence with an additional unit, as described in the property information.
Key Highlights
- 1,530‑square‑foot duplex built in 1909
- Each unit has its own entrance and functional layout
- Currently operated as a short‑term rental
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 | $38.6k | $25.20 |
| − Vacancy | −$2.2k | −$1.46 |
| EGI | $36.3k | $23.74 |
| − OpEx | −$10.9k | −$7.12 |
| NOI | $25.4k | $16.62 |
1,530 SF · lease $25.20/SF/yr · vacancy 5.79% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$363.2K
$317.8K – $423.8K
NOI $25,427 @ 7.0% cap · market cap 3.39%
Second Best
Apartment 5plus
$331.9K
$290.4K – $387.2K
NOI $23,231 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$487.1K
$426.2K – $568.2K
NOI $34,094 @ 7.0% cap · market cap 4.55%
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
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
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 - Separate entrances and functional layouts support flexible residential occupancy or short-term rental use.
Where is this duplex located?
The property is located at 421 E Alameda Avenue Denver, CO.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 1,530‑square‑foot duplex built in 1909; Each unit has its own entrance and functional layout; Currently operated as a short‑term rental
