Duplex with Finished
For Sale
$425,000
5351 Quitman St, Denver, CO 80212
An attached garage and private yard add practical features to this residential property.
Property Size1,538 SF
Days on Market9
Property Features for 5351 Quitman St
General Information
Standard status
Active
Size
1,538 SF
Property subtype
Duplex
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,170
Building Details
Building Size
1,538 SF
Year Built
1985
Buildings
1
Listing Agency:
Nookhaven Homes
Listed By:
Maggie Fast
(720) 819-6677
Source:
Corken
Added: Oct 2
Changed: Oct 10
Last Checked: Oct 10 at 1:53AM
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 Nookhaven Homes
Investment Insights
Based on property information with market context.
This duplex property includes a finished basement, an attached garage and a private yard. The home is near Denver’s Regis area and the Denver-Arvada border, with parks, trails, dining and shopping in the surrounding area. Lowell Ponds State Wildlife Area and Tennyson Street are nearby, and major routes provide access around the Denver metro area. The property was built in 1985.
Key Highlights
- Finished basement
- Attached garage
- Private yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,559
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,180
$511.2K
Cap Rate 7%
$365,129
$365.1K
Cap Rate 9%
$283,989
$284.0K
Market Conditions
NOI Build-Up for 1,538 SF
Gross rent
$38.8K $25.20/SF
− Vacancy
−$2.2K −$1.46/SF
EGI
$36.5K $23.74/SF
− OpEx
−$11.0K −$7.12/SF
NOI
$25.6K $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%
$511,180
Cap Rate 7%
$365,129
Cap Rate 9%
$283,989
Alternative Uses
Best Use
Multifamily LT 5
$365.1K
$319.5K – $426.0K
NOI $25,559 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$333.6K
$291.9K – $389.2K
NOI $23,352 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$489.6K
$428.4K – $571.2K
NOI $34,272 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - An attached garage and private yard add practical features to this residential property.
Where is this duplex located?
The property is located at 5351 Quitman St Denver, CO.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Finished basement; Attached garage; Private yard
