Building Details

Building Size 2,080 SF

Year Built 1953

Listing Agency: Orchard Brokerage LLC

Listed By: Kathleen Ball · License #100042779 Show Phone

Source: Corken

Added: May 29 Changed: Oct 8 Last Checked: Oct 16 at 4:58PM

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Investment Insights

Based on property information with market context.

This duplex, built in 1953, includes a furnace, a high-efficiency evaporative cooler, and several interior improvements. Recent work includes fresh paint, updated basement flooring and trim, revised doors and baseboards upstairs, and a main-level bathroom light fixture and exhaust fan. A new stairwell and egress window improve the basement configuration, while the exterior fence adds defined outdoor space.

The property is located at 828 Mariposa St in Denver’s Santa Fe Arts District, near galleries, shops, and eateries. It is also described as being close to the proposed new Broncos stadium. Additional features include a home warranty and a newly installed cooling system.

Key Highlights

• Duplex built in 1953
• Fresh interior paint and updated flooring, doors, baseboards, and trim
• High‑efficiency evaporative cooler and furnace

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,567

Cap Rate

7.51%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$691,340 $691.3K

Cap Rate 7%

$493,814 $493.8K

Cap Rate 9%

$384,078 $384.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,080 SF

Gross rent

$52.4K $25.20/SF

− Vacancy

−$3.0K −$1.46/SF

EGI

$49.4K $23.74/SF

− OpEx

−$14.8K −$7.12/SF

NOI

$34.6K $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%

$691,340

Cap Rate 7%

$493,814

Cap Rate 9%

$384,078

Alternative Uses

Best Use

Multifamily LT 5

$493.8K

$432.1K – $576.1K (±1% cap)

NOI $34,567 @ 7.0% cap · market cap 7.51%

Second Best

Apartment 5plus

$451.2K

$394.8K – $526.4K (±1% cap)

NOI $31,582 @ 7.0% cap · market cap 6.87%

Theoretical Best

Office A

$662.1K

$579.4K – $772.5K (±1% cap)

NOI $46,350 @ 7.0% cap · market cap 10.08%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Restaurant Mobile Phone Store Nursing Home Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,044

Businesses Nearby

Explore this area Business Placement

Demographics for 80204, CO

35,269

Population

18,378

Households

1.9

Avg Household Size

33

Median Age

51%

College-Educated

89%

High-School Grad

5.5 sq mi

ZIP Area

6,413

Density / Sq Mi

$79,265

Median Household Income

$58,860

Median Earnings

$1,724

Median Rent

$579,900

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Denver duplex with refreshed interiors, upgraded cooling, and access to the Santa Fe Arts District.

Where is this duplex located?

The property is located at 828 Mariposa St Denver, CO.

What is the asking price?

The asking price for this property is $460,000.

What are key features of this property?

This property features: Duplex built in 1953; Fresh interior paint and updated flooring, doors, baseboards, and trim; High‑efficiency evaporative cooler and furnace