Historic Duplex with
For Sale
$525,000
Pending
525 E 5th Ave, Denver, CO 80203
Period details, a fenced yard, and a detached garage provide character, outdoor space, and off-street parking.
Property Size1,019 SF
Days on Market39
Property Features for 525 E 5th Ave
General Information
Standard status
Pending
Size
1,019 SF
Total Parking Spaces
1
Property subtype
Duplex
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,997
Amenities
original hardwood floors
vintage fireplace
built-in bookcases
original doors
fully fenced yard
Building Details
Building Size
1,019 SF
Year Built
1923
Buildings
1
Construction
bungalow
Listing Agency:
The Kennedy Home Group
(303) 547-8775
Listed By:
Rachel Kennedy · License #100049797
(303) 547-8775
Source:
Guidere
Added: Jul 22
Changed: Aug 25
Last Checked: Aug 29 at 2:33PM
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 The Kennedy Home Group
Investment Insights
Based on property information with market context.
Built in 1923, this Denver duplex presents a historic residential profile with original hardwood floors, a vintage fireplace, built-in bookcases, and original doors. Natural light reaches the living and dining areas, while the fully fenced yard adds usable outdoor space. A detached one-car garage provides off-street parking and storage.
The property is located at 525 E 5th Ave in Denver, within a walkable area near restaurants, coffee shops, and local businesses. Its combination of period craftsmanship, outdoor space, and garage access gives the property a distinct urban residential setting.
The property is located at 525 E 5th Ave in Denver, within a walkable area near restaurants, coffee shops, and local businesses. Its combination of period craftsmanship, outdoor space, and garage access gives the property a distinct urban residential setting.
Key Highlights
- 1923 construction with original hardwood floors, doors, built‑in bookcases, and vintage fireplace
- Fully fenced yard for outdoor use
- Detached one‑car garage with off‑street parking and storage
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
$16,934
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
3.23%
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%
$338,680
$338.7K
Cap Rate 7%
$241,914
$241.9K
Cap Rate 9%
$188,156
$188.2K
Market Conditions
NOI Build-Up for 1,019 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
$25.7K $25.20/SF
− Vacancy
−$1.5K −$1.46/SF
EGI
$24.2K $23.74/SF
− OpEx
−$7.3K −$7.12/SF
NOI
$16.9K $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 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%
$338,680
Cap Rate 7%
$241,914
Cap Rate 9%
$188,156
Alternative Uses
Best Use
Multifamily LT 5
$241.9K
$211.7K – $282.2K
NOI $16,934 @ 7.0% cap · market cap 3.23%
Second Best
Apartment 5plus
$221.0K
$193.4K – $257.9K
NOI $15,472 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$324.4K
$283.8K – $378.5K
NOI $22,707 @ 7.0% cap · market cap 4.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,956
Businesses Nearby
Explore this area
Business Placement
Demographics for 80203, CO
22,883
Population
16,887
Households
1.4
Avg Household Size
33
Median Age
69%
College-Educated
97%
High-School Grad
1.1 sq mi
ZIP Area
20,803
Density / Sq Mi
$74,654
Median Household Income
$59,229
Median Earnings
$1,569
Median Rent
$462,500
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 - Period details, a fenced yard, and a detached garage provide character, outdoor space, and off-street parking.
Where is this duplex located?
The property is located at 525 E 5th Ave Denver, CO.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 1923 construction with original hardwood floors, doors, built‑in bookcases, and vintage fireplace; Fully fenced yard for outdoor use; Detached one‑car garage with off‑street parking and storage
