Mid-Century Duplex with Finished
For Sale
$925,000
632 N Ogden St, Denver, CO 80218
Two living levels provide separate entrances, kitchens, baths, and laundry areas.
Property Size2,030 SF
Days on Market10
Property Features for 632 N Ogden St
General Information
Standard status
Active
Size
2,030 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,459
Amenities
hardwood floors
coved ceilings
French doors
back patio
stainless appliances
laundry in both units
solar panels
Building Details
Building Size
2,030 SF
Year Built
1956
Buildings
1
Construction
mid century ranch
Listing Agency:
Compass - Denver
(720) 933-3377
Listed By:
Lisa Santos
(720) 933-3377
Source:
Guidere
Added: Aug 14
Changed: Aug 20
Last Checked: Aug 22 at 12:14PM
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 Compass - Denver
Investment Insights
Based on property information with market context.
Built in 1956, this mid-century ranch-style duplex includes a main-floor residence and a finished basement apartment with separate exterior access. Each level offers two bedrooms, a full bathroom, a kitchen, laundry, and living space. An interior door can separate the floors, while egress windows serve both basement bedrooms and its living room.
The main level features hardwood flooring, an open living and dining area, coved ceilings, stainless appliances, and French doors leading to the back patio. The property also includes a double lot, a two-car garage with workspace and storage, a newer furnace, updated windows, and fully paid-off solar panels.
Located at 632 N Ogden St, the property is a half block from 7th Avenue and a half block from 6th Avenue. Dining, coffee, grocery shopping, drinks, and several parks are within walking distance. Rental use and historic-district status require buyer and buyer’s agent verification.
The main level features hardwood flooring, an open living and dining area, coved ceilings, stainless appliances, and French doors leading to the back patio. The property also includes a double lot, a two-car garage with workspace and storage, a newer furnace, updated windows, and fully paid-off solar panels.
Located at 632 N Ogden St, the property is a half block from 7th Avenue and a half block from 6th Avenue. Dining, coffee, grocery shopping, drinks, and several parks are within walking distance. Rental use and historic-district status require buyer and buyer’s agent verification.
Key Highlights
- Two‑level duplex with 2 bedrooms and 1 full bath on each floor
- Finished basement includes a kitchen, laundry, living room, and egress windows
- Separate entrances and an interior door allow the floors to function independently
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
$33,736
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
3.65%
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%
$674,720
$674.7K
Cap Rate 7%
$481,943
$481.9K
Cap Rate 9%
$374,844
$374.8K
Market Conditions
NOI Build-Up for 2,030 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
$51.2K $25.20/SF
− Vacancy
−$3.0K −$1.46/SF
EGI
$48.2K $23.74/SF
− OpEx
−$14.5K −$7.12/SF
NOI
$33.7K $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%
$674,720
Cap Rate 7%
$481,943
Cap Rate 9%
$374,844
Alternative Uses
Best Use
Multifamily LT 5
$481.9K
$421.7K – $562.3K
NOI $33,736 @ 7.0% cap · market cap 3.65%
Second Best
Apartment 5plus
$440.3K
$385.3K – $513.7K
NOI $30,823 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$646.2K
$565.5K – $753.9K
NOI $45,236 @ 7.0% cap · market cap 4.89%
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
3,638
Businesses Nearby
Explore this area
Business Placement
Demographics for 80218, CO
19,484
Population
13,116
Households
1.5
Avg Household Size
35
Median Age
72%
College-Educated
98%
High-School Grad
1.6 sq mi
ZIP Area
12,178
Density / Sq Mi
$82,925
Median Household Income
$67,570
Median Earnings
$1,475
Median Rent
$653,900
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 living levels provide separate entrances, kitchens, baths, and laundry areas.
Where is this duplex located?
The property is located at 632 N Ogden St Denver, CO.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Two‑level duplex with 2 bedrooms and 1 full bath on each floor; Finished basement includes a kitchen, laundry, living room, and egress windows; Separate entrances and an interior door allow the floors to function independently
