Turnkey Duplex Income
For Sale
$1,200,000
Pending
9292 W 56th Place, Arvada, CO 80002
Fully reimagined duplex with two 3-bedroom, 2-bath units, in-unit laundry, attached garages, and central A/C.
Property Size3,792 SF
Days on Market124
Property Features for 9292 W 56th Place
General Information
Standard status
Pending
Size
3,792 SF
Total Parking Spaces
2
Property subtype
Multi Family
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Business Included
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,472
Amenities
vaulted ceilings
breakfast nook
in-unit laundry
central air conditioning
professionally landscaped yard
artificial turf
sheds
mountain views
Building Details
Year Built
1974
Tenancy
Multi
Listing Agency:
RE-Avail Property Group
Listed By:
Taylor Fortini · License #100071605
(720) 419-5676
Source:
Exitrealty
Added: Jun 22
Changed: Sep 10
Last Checked: Sep 15 at 4:06AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$48,815
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$976,300
$976.3K
Cap Rate 7%
$697,357
$697.4K
Cap Rate 9%
$542,389
$542.4K
Market Conditions
NOI Build-Up for 3,792 SF
Gross rent
$75.1K $19.80/SF
− Vacancy
−$5.3K −$1.41/SF
EGI
$69.7K $18.39/SF
− OpEx
−$20.9K −$5.52/SF
NOI
$48.8K $12.87/SF
Area
Arvada, CO
Vacancy
7.12%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$976,300
Cap Rate 7%
$697,357
Cap Rate 9%
$542,389
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 authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
Explore this area
Business Placement
Demographics for 80002, CO
20,267
Population
9,960
Households
2
Avg Household Size
37
Median Age
46%
College-Educated
90%
High-School Grad
6.5 sq mi
ZIP Area
3,118
Density / Sq Mi
$92,827
Median Household Income
$55,044
Median Earnings
$1,733
Median Rent
$538,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
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
