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2551 W Caithness Pl 2 Unit Apartment Building $950,000 ($475,000/Unit) 6.47% Cap Rate Denver, CO 80211
Investment Highlights
- Fully Renovated Duplex in the Highlands Neighborhood
- 6.47% Actual CAP Rate (Trailing 12 Months)
- Great Owner Occupant Opportunity
- Two 2 Bed/1 Bath Units with Private Garages
- Zeroscaped with Minimal Expenses
- Walking Distance to Restaurants & Entertainment
Executive Summary
JUST LISTED! Renovated Duplex in Highlands; 6.47% Actual CAP Rate (Trailing 12 Months). Two Large 2 Bed/1 Bath Units with Private Garages and In Unit Washer/Dryers.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$70,800
|
$37.07
|
| Other Income |
$3,074
|
$1.61
|
| Vacancy Loss |
$118
|
$0.06
|
| Effective Gross Income |
$73,756
|
$38.62
|
| Taxes |
$4,951
|
$2.59
|
| Operating Expenses |
$7,348
|
$3.85
|
| Total Expenses |
$12,299
|
$6.44
|
| Net Operating Income |
$61,457
|
$32.18
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $70,800 |
| Annual Per SF | $37.07 |
| Other Income | |
|---|---|
| Annual | $3,074 |
| Annual Per SF | $1.61 |
| Vacancy Loss | |
|---|---|
| Annual | $118 |
| Annual Per SF | $0.06 |
| Effective Gross Income | |
|---|---|
| Annual | $73,756 |
| Annual Per SF | $38.62 |
| Taxes | |
|---|---|
| Annual | $4,951 |
| Annual Per SF | $2.59 |
| Operating Expenses | |
|---|---|
| Annual | $7,348 |
| Annual Per SF | $3.85 |
| Total Expenses | |
|---|---|
| Annual | $12,299 |
| Annual Per SF | $6.44 |
| Net Operating Income | |
|---|---|
| Annual | $61,457 |
| Annual Per SF | $32.18 |
Property Facts
| Price | $950,000 | Apartment Style | Garden |
| Price Per Unit | $475,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 6.47% | Building Size | 1,910 SF |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1954 |
| Property Subtype | Apartment | Parking Ratio | 2.62/1,000 SF |
| Zoning | U-RH | ||
| Price | $950,000 |
| Price Per Unit | $475,000 |
| Sale Type | Investment |
| Cap Rate | 6.47% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 1,910 SF |
| No. Stories | 1 |
| Year Built | 1954 |
| Parking Ratio | 2.62/1,000 SF |
| Zoning | U-RH |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $2,950 | 955 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2294-05-010 | Total Assessment | $64,720 |
| Land Assessment | $36,800 | Annual Taxes | $4,951 ($2.59/SF) |
| Improvements Assessment | $36,800 | Tax Year | 2025 |
Property Taxes
Parcel Number
2294-05-010
Land Assessment
$36,800
Improvements Assessment
$36,800
Total Assessment
$64,720
Annual Taxes
$4,951 ($2.59/SF)
Tax Year
2025
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2551 W Caithness Pl
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