Modern Duplex with Private
For Sale
$699,000
Pending
948 Raleigh St, Denver, CO 80204
Custom-built residence with open living areas, premium kitchen finishes, and a fenced outdoor setting near transit.
Property Size1,821 SF
Days on Market70
Property Features for 948 Raleigh St
General Information
Standard status
Pending
Size
1,821 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/3BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,811
Amenities
deck
fenced yard
custom shaker cabinets
quartz countertops
apron sink
KitchenAid appliances
hardwood floors
hand troweled walls
five-piece bath
subway tile
walk-in closet
picture window
oversized garage
220V EV charging
tankless water heater
crawl space
Building Details
Building Size
1,821 SF
Year Built
2018
Buildings
1
Construction
modern farmhouse
Listing Agency:
Coldwell Banker Realty 18
Listed By:
Reuben McKelvey
(303) 320-5733
Source:
Guidere
Added: Aug 6
Changed: Oct 13
Last Checked: Oct 13 at 12:24AM
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 Coldwell Banker Realty 18
Investment Insights
Based on property information with market context.
Built in 2018, this modern duplex property features a bright, open interior with three bedrooms and three baths. The main level combines living, kitchen, and dining areas, with hardwood flooring and hand-troweled walls. Kitchen appointments include shaker cabinetry, quartz counters, an apron sink, and KitchenAid appliances. A large deck extends to a private fenced yard, while the oversized garage includes an 8-foot door and 220-volt service for electric vehicle charging. Additional features include a tankless water heater and a 5-foot crawl space for storage.
The property is located at 948 Raleigh St in Denver, adjacent to Martinez Park and three blocks from light rail. Light rail service reaches Union Station in 12 minutes, and Sloan’s Lake is a short distance away. The primary bedroom includes a five-piece bath, subway tile, a walk-in closet, and a picture window with downtown views.
The property is located at 948 Raleigh St in Denver, adjacent to Martinez Park and three blocks from light rail. Light rail service reaches Union Station in 12 minutes, and Sloan’s Lake is a short distance away. The primary bedroom includes a five-piece bath, subway tile, a walk-in closet, and a picture window with downtown views.
Key Highlights
- 2018 construction with 3 bedrooms and 3 baths
- Open main‑level living, kitchen, and dining arrangement
- Quartz counters, shaker cabinets, apron sink, and KitchenAid appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,263
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$605,260
$605.3K
Cap Rate 7%
$432,329
$432.3K
Cap Rate 9%
$336,256
$336.3K
Market Conditions
NOI Build-Up for 1,821 SF
Gross rent
$45.9K $25.20/SF
− Vacancy
−$2.7K −$1.46/SF
EGI
$43.2K $23.74/SF
− OpEx
−$13.0K −$7.12/SF
NOI
$30.3K $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%
$605,260
Cap Rate 7%
$432,329
Cap Rate 9%
$336,256
Alternative Uses
Best Use
Multifamily LT 5
$432.3K
$378.3K – $504.4K
NOI $30,263 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$395.0K
$345.6K – $460.8K
NOI $27,649 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$579.7K
$507.2K – $676.3K
NOI $40,578 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
407
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Custom-built residence with open living areas, premium kitchen finishes, and a fenced outdoor setting near transit.
Where is this duplex located?
The property is located at 948 Raleigh St Denver, CO.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 2018 construction with 3 bedrooms and 3 baths; Open main‑level living, kitchen, and dining arrangement; Quartz counters, shaker cabinets, apron sink, and KitchenAid appliances
