Turnkey Duplex Income
9292 W 56th Place Arvada, CO 80002
For Sale
$1,200,000
Fully reimagined duplex with two 3-bedroom, 2-bath units, in-unit laundry, attached garages, and central A/C.
Property Size3,792 SF
Price / SF$316.46
Days on Market32
Property Features for 9292 W 56th Place
General Information
- Standard status
- Active
- Size
- 3,792 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1974
Listing Agency:
RE-Avail Property Group
(720) 419-5676
Listed By:
Taylor Fortini · License #100071605
(720) 419-5676
Source:
Exitrealty
Added: Jun 23
Changed: Jul 23
Last Checked: Jul 23 at 6:37PM
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 RE-Avail Property Group
Investment Insights
Based on property information with market context.
This turnkey duplex features two spacious, finished units, each laid out as a 3-bedroom and 2-bath home with vaulted ceilings, a breakfast nook, in-unit laundry, and central air conditioning. Both sides include an attached garage, and the property is set on a fully fenced lot with professionally landscaped grounds that use premium artificial turf.
Major updates described by the owner include a new roof, new cement-board siding, updated windows, and a complete sewer line replacement, including removal of original cast iron and replacement with Schedule 40 PVC under the building. Additional improvements include new AC units, new garage doors and openers, updated flooring throughout, and new electrical panels for both units.
The duplex is currently operating as a short-term rental, and the listing indicates bookings may convey with the property. The offering is presented as flexible for buyers considering long-term rental use as well.
Major updates described by the owner include a new roof, new cement-board siding, updated windows, and a complete sewer line replacement, including removal of original cast iron and replacement with Schedule 40 PVC under the building. Additional improvements include new AC units, new garage doors and openers, updated flooring throughout, and new electrical panels for both units.
The duplex is currently operating as a short-term rental, and the listing indicates bookings may convey with the property. The offering is presented as flexible for buyers considering long-term rental use as well.
Key Highlights
- Fully reimagined duplex built in 1974 with nearly 3,800 finished SF
- Two side‑by‑side units, each with 3 bedrooms and 2 bathrooms
- Each unit includes in‑unit laundry, vaulted ceilings, and a breakfast nook
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.1k | $19.80 |
| − Vacancy | −$5.3k | −$1.41 |
| EGI | $69.7k | $18.39 |
| − OpEx | −$20.9k | −$5.52 |
| NOI | $48.8k | $12.87 |
3,792 SF · lease $19.80/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$697.4K
$610.2K – $813.6K
NOI $48,815 @ 7.0% cap · market cap 4.07%
Second Best
Apartment 5plus
$641.6K
$561.4K – $748.5K
NOI $44,911 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$1.01M
$887.3K – $1.18M
NOI $70,986 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Fully reimagined duplex with two 3-bedroom, 2-bath units, in-unit laundry, attached garages, and central A/C.
Where is this duplex located?
The property is located at 9292 W 56th Place Arvada, CO.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Fully reimagined duplex built in 1974 with nearly 3,800 finished SF; Two side‑by‑side units, each with 3 bedrooms and 2 bathrooms; Each unit includes in‑unit laundry, vaulted ceilings, and a breakfast nook
