Updated Side-by-Side
For Sale
$825,000
Pending
5101 E 8th Ave, Denver, CO 80220
Residential Income, Denver, CO
Property Size3,110 SF
Lot Size0.14 Acres
Days on Market172
Property Features for 5101 E 8th Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
E-MU-2.5
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 2, Bedroom 5, Bathroom 4, Basement, Bathroom 3, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 6, Bathroom 1
Parking
4
Patio and Porch features
Patio
Fencing
Fenced
Basement
Partially Finished
Appliances
Electric Range, Dishwasher, Refrigerator, Washer, Dryer, Microwave
Subdivision
Olmsted & Chamberlins Colfax Park
Elementary school
Palmer
Middle school
Hill
High school
Washington, George
Elementary school district
Denver District 1
Middle school district
Denver District 1
High school district
Denver District 1
Directions
Use GPS
Standard status
Pending
APN
6064-12-003
Size
3,110 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
5539
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air
Cooling system
Central Air
Amenities
in-unit laundry
private backyard
Building Details
Year built
1942
Floors in Building
2
Number of units
2
Building materials
Brick
Roof type
Composition
Listing Agency:
Your Castle Real Estate LLC
(303) 962-4272
Listed By:
Emily Fletcher · License #100066645
(719) 640-8277
Added: Mar 6
Changed: Aug 21
Last Checked: Aug 25 at 2:06PM
MLS# 1053837
Copyright © 2026 IRES MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This side-by-side duplex contains 3,110 square feet across two residences, with each unit offering three bedrooms, two bathrooms, a bonus nook, basement space, and garden-level windows. Both sides include their own laundry facilities, off-street parking, private fenced backyards, patios, and kitchens equipped with electric ranges, dishwashers, refrigerators, washers, dryers, and microwaves. Brick construction, composition roofing, forced-air heat, and central air serve the property.
Recent work includes updated kitchens, bathrooms, siding, hot water heaters, furnaces, PEX plumbing, and the sewer line. South-facing exposure and abundant windows bring natural light into the units. Built in 1942, the property sits on a 0.14-acre lot in Denver’s Hale neighborhood and carries E-MU-2.5 zoning. Natural gas is available.
Recent work includes updated kitchens, bathrooms, siding, hot water heaters, furnaces, PEX plumbing, and the sewer line. South-facing exposure and abundant windows bring natural light into the units. Built in 1942, the property sits on a 0.14-acre lot in Denver’s Hale neighborhood and carries E-MU-2.5 zoning. Natural gas is available.
Key Highlights
- Two‑unit side‑by‑side duplex totaling 3,110 square feet
- Each unit offers 3 bedrooms, 2 bathrooms, a bonus nook, and basement space
- Recent updates include kitchens, bathrooms, siding, furnaces, hot water heaters, PEX plumbing, and sewer line
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,684
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,033,680
$1.0M
Cap Rate 7%
$738,343
$738.3K
Cap Rate 9%
$574,267
$574.3K
Market Conditions
NOI Build-Up for 3,110 SF
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.
Gross rent
$78.4K $25.20/SF
− Vacancy
−$4.5K −$1.46/SF
EGI
$73.8K $23.74/SF
− OpEx
−$22.2K −$7.12/SF
NOI
$51.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,033,680
Cap Rate 7%
$738,343
Cap Rate 9%
$574,267
Alternative Uses
Best Use
Multifamily LT 5
$738.3K
$646.1K – $861.4K
NOI $51,684 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$674.6K
$590.3K – $787.0K
NOI $47,221 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$990.0K
$866.3K – $1.16M
NOI $69,302 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,130
Businesses Nearby
Explore this area
Business Placement
Demographics for 80220, CO
37,233
Population
17,675
Households
2.1
Avg Household Size
37
Median Age
66%
College-Educated
94%
High-School Grad
5.2 sq mi
ZIP Area
7,160
Density / Sq Mi
$101,961
Median Household Income
$61,568
Median Earnings
$1,621
Median Rent
$739,600
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 separate residences provide private yards, off-street parking, in-unit laundry, and recent improvements to major building systems.
Where is this duplex located?
The property is located at 5101 E 8th Ave Denver, CO.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Two‑unit side‑by‑side duplex totaling 3,110 square feet; Each unit offers 3 bedrooms, 2 bathrooms, a bonus nook, and basement space; Recent updates include kitchens, bathrooms, siding, furnaces, hot water heaters, PEX plumbing, and sewer line
