Rent-Ready Duplex with Private
45 S Meade Street Denver, CO 80219
45 S Meade Street, Denver, CO, 80219
$649,000
For Sale
$649,000
Two move-in-ready units each with private deck space, in-unit washer/dryer, and separate gas and electric utilities.
Property Size2,300 SF
Price / SF$282.17
Days on Market30
Property Features for 45 S Meade Street
General Information
- Standard status
- Active
- Size
- 2,300 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2007
Listing agency
Berkshire Hathaway HomeServices RE of the Rockies
(720) 212-6069
Listed by
Cameron Racine · License #100084781
(720) 212-6069
Source
Exitrealty
Added: Jun 23 Updated: Jul 20 at 5:55PM Checked: Jul 21 at 4:35AM
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 Berkshire Hathaway HomeServices RE of the Rockies
Investment Insights
Based on property information with market context.
Built in 2007, this rent-ready duplex features two updated, move-in-ready units. Each side offers 2 bedrooms and 2 bathrooms, private deck space, and in-unit washer and dryer. Separate gas and electric meters support independence between units, and each unit has its own furnace and central air conditioning. Interior finishes include hospital-grade flooring, and exterior durability is supported by James Hardie® fiber cement siding.
Recent improvements include new seamless gutters, updated lighting, and new dishwashers. The fully fenced property provides secure access from both the driveway and alley, with rolling gates for entry from either side.
Located at 45 S Meade Street in Denver, this property is noted in the remarks as being near the proposed future Denver Broncos stadium site, positioning it within an area expected to see continued investment and redevelopment.
Recent improvements include new seamless gutters, updated lighting, and new dishwashers. The fully fenced property provides secure access from both the driveway and alley, with rolling gates for entry from either side.
Located at 45 S Meade Street in Denver, this property is noted in the remarks as being near the proposed future Denver Broncos stadium site, positioning it within an area expected to see continued investment and redevelopment.
Key Highlights
- Rent‑ready duplex built in 2007 with two move‑in‑ready units at 43 & 45 S Meade Street.
- Each unit has 2 bedrooms and 2 bathrooms, plus private deck space.
- In‑unit washer and dryer in both units.
Local 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 | $51.1k | $22.20 |
| − Vacancy | −$3.0k | −$1.29 |
| EGI | $48.1k | $20.91 |
| − OpEx | −$14.4k | −$6.27 |
| NOI | $33.7k | $14.64 |
2,300 SF · lease $22.20/SF/yr · vacancy 5.79% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$481.0K
$420.9K – $561.2K
NOI $33,673 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$441.9K
$386.6K – $515.5K
NOI $30,931 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$656.1K
$574.1K – $765.4K
NOI $45,926 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two move-in-ready units each with private deck space, in-unit washer/dryer, and separate gas and electric utilities.
Where is this duplex located?
The property is located at 45 S Meade Street Denver, CO.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Rent‑ready duplex built in 2007 with two move‑in‑ready units at 43 & 45 S Meade Street.; Each unit has 2 bedrooms and 2 bathrooms, plus private deck space.; In‑unit washer and dryer in both units.
