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Brick Duplex with Basements
For Sale
$1,050,000

4732-4734 33rd Avenue, Denver, CO 80212

Two residential units offer matching layouts, private porches, updated climate systems, and unfinished lower levels for flexible use.

Property Size1,980 SF
Price / SF$530.30
Days on Market47

Property Features for 4732-4734 33rd Avenue

General Information

Standard status Active
Size 1,980 SF
Property subtype Multi-Family

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Amenities

central air
front porch

Building Details

Year Built 1925
Buildings 1
Construction full brick
Listing Agency: Distinct Real Estate LLC
Listed By: Greg Smith
Source: Coloradohomesource
Added: Sep 2 Changed: Oct 16 Last Checked: Oct 16 at 8:20AM

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 Distinct Real Estate LLC

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Investment Insights

Based on property information with market context.

This 1,980-square-foot duplex, constructed in 1925, contains two residential units with complementary layouts. Each side includes a living room, dining room, two bedrooms, a full bathroom, and a front porch. The lower levels are unfinished, providing storage or potential for future additional space. Full-brick exterior construction helps limit exterior maintenance, while both units have new furnaces and central air.

The property is located at 4732-4734 33rd Ave in Denver, next to Wolff Park on a quiet street. Highlands Square is minutes away and offers coffee shops, restaurants, Sweet Cow ice cream, and Mondo Vino. The West Highlands setting also places the duplex minutes from Sloan's Lake, Berkeley/Tennyson Street, and Edgewater.

The two-unit configuration supports separate residential occupancy, with each side offering its own interior living areas and porch. The combination of established construction, updated mechanical systems, and unfinished basement areas provides a clearly defined physical setup for ownership or rental use.

Key Highlights

  • Two‑unit duplex totaling 1,980 square feet
  • Each unit includes 2 bedrooms and 1 full bath
  • Unfinished basements provide storage or future finished‑space potential

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$32,905
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$658,100 $658.1K
Cap Rate 7%
$470,071 $470.1K
Cap Rate 9%
$365,611 $365.6K
Market Conditions
NOI Build-Up for 1,980 SF
Gross rent
$49.9K $25.20/SF
− Vacancy
−$2.9K −$1.46/SF
EGI
$47.0K $23.74/SF
− OpEx
−$14.1K −$7.12/SF
NOI
$32.9K $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%
$658,100
Cap Rate 7%
$470,071
Cap Rate 9%
$365,611

Alternative Uses

Best Use
Multifamily LT 5
$470.1K
$411.3K – $548.4K (±1% cap)
NOI $32,905 @ 7.0% cap · market cap 3.13%
Second Best
Apartment 5plus
$429.5K
$375.8K – $501.1K (±1% cap)
NOI $30,064 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$630.3K
$551.5K – $735.4K (±1% cap)
NOI $44,121 @ 7.0% cap · market cap 4.20%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Parking Lot & Garage Carpet & Flooring Store Computer & Electronic Repair Building Supply Tech Support Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,177
Businesses Nearby

Demographics for 80212, CO

20,397
Population
10,870
Households
1.9
Avg Household Size
38
Median Age
64%
College-Educated
96%
High-School Grad
3.6 sq mi
ZIP Area
5,666
Density / Sq Mi
$118,692
Median Household Income
$76,379
Median Earnings
$1,714
Median Rent
$705,300
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two residential units offer matching layouts, private porches, updated climate systems, and unfinished lower levels for flexible use.
Where is this duplex located?
The property is located at 4732-4734 33rd Avenue Denver, CO.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,980 square feet; Each unit includes 2 bedrooms and 1 full bath; Unfinished basements provide storage or future finished‑space potential
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