Two-Unit Duplex with
5110 E Thrill Place, Denver, CO 80207
For Sale
$449,000
Both residences are vacant, with two bedrooms and one bathroom per unit.
Property Size1,623 SF
Price / SF$276.65
Days on Market46
Property Features for 5110 E Thrill Place
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Parking per Unit
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Listing Agency:
Megastar Realty
(303) 523-0789
Listed By:
Cesar Reyes · License #40012845
(303) 320-6999
Source:
Gatewayrealtyi-70
Added: Sep 25
Changed: Nov 7
Last Checked: Nov 8 at 3:04PM
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 Megastar Realty
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Investment Insights
Based on property information with market context.
This 1,623-square-foot duplex, built in 1955, contains two vacant residences, each configured with two bedrooms and one bathroom. Flooring and interior paint have been updated. A detached two-car garage provides one space for each unit. The property requires further work and updating and is being sold in as-is condition; the seller will not complete repairs. Zoning is E-TH-2.5.
The property is in Denver’s North Park Hill neighborhood, near Central Park, Northfield shopping and dining, parks, schools, and recreation. I-70 provides access toward Downtown Denver and DIA.
The property is in Denver’s North Park Hill neighborhood, near Central Park, Northfield shopping and dining, parks, schools, and recreation. I-70 provides access toward Downtown Denver and DIA.
Key Highlights
- Two vacant units, each with 2 bedrooms and 1 bathroom
- 1,623 square feet; built in 1955
- Detached 2‑car garage with one space allocated to each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,972
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,440
$539.4K
Cap Rate 7%
$385,314
$385.3K
Cap Rate 9%
$299,689
$299.7K
Market Conditions
NOI Build-Up for 1,623 SF
Gross rent
$40.9K $25.20/SF
− Vacancy
−$2.4K −$1.46/SF
EGI
$38.5K $23.74/SF
− OpEx
−$11.6K −$7.12/SF
NOI
$27.0K $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%
$539,440
Cap Rate 7%
$385,314
Cap Rate 9%
$299,689
Alternative Uses
Best Use
Multifamily LT 5
$385.3K
$337.2K – $449.5K
NOI $26,972 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$352.0K
$308.0K – $410.7K
NOI $24,643 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$516.7K
$452.1K – $602.8K
NOI $36,166 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
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See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
697
Businesses Nearby
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Business Placement
Demographics for 80207, CO
21,170
Population
9,291
Households
2.3
Avg Household Size
38
Median Age
61%
College-Educated
93%
High-School Grad
3.9 sq mi
ZIP Area
5,428
Density / Sq Mi
$112,325
Median Household Income
$71,163
Median Earnings
$1,819
Median Rent
$661,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Denver, CO
Properties on Market for Duplexes in Denver
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are vacant, with two bedrooms and one bathroom per unit.
Where is this duplex located?
The property is located at 5110 E Thrill Place Denver, CO.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Two vacant units, each with 2 bedrooms and 1 bathroom; 1,623 square feet; built in 1955; Detached 2‑car garage with one space allocated to each unit
