Exceptional investment opportunity! This side-by-side duplex is being offered as a complete package, featuring one occupied unit generating $1,415 per month in rental income and one vacant, move-in ready unit. The vacant side offers the flexibility to move in yourself or lease it at the current market rent of approximately $1,600 per month.
The occupied unit is leased through the end of August, providing immediate income while offering the opportunity to adjust rents to market rates or make future occupancy plans. Each unit features a functional floor plan with comfortable living space, making this property an excellent opportunity for investors and owner-occupants alike.
Conveniently located with easy access to downtown Denver, I-25, and US-6, and just minutes from shopping, restaurants, parks, schools, and public transportation, this duplex is ideally situated for strong rental demand. Whether you're looking to expand your investment portfolio or purchase a versatile income-producing property, this duplex offers immediate cash flow, flexibility, and long-term upside potential. Property being sold as-is.
For sale
Price cut: $26K (8/20)
$469,000
3232 W Nevada Place, Denver, CO 80219
4beds
2baths
1,735sqft
Duplex
Built in 1985
-- sqft lot
$466,500 Zestimate®
$270/sqft
$-- HOA
What's special
- 58 days
- 392
- 36
Zillow last checked:
Listing updated:
Listed by:
Greg Cunningham 303-641-7694 greg@rentgrace.com,
Grace Management & Invest.
Source: REcolorado as distributed by MLS GRID,MLS#: 6079186
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Forced Air
Cooling
- None
Appliances
- Laundry: In Unit
Features
- Ceiling Fan(s), Eat-in Kitchen
- Flooring: Carpet, Laminate, Linoleum
- Basement: Crawl Space
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 1,735
- Total interior livable area: 1,735 sqft
- Finished area above ground: 1,735
Property
Parking
- Total spaces: 4
- Parking features: Concrete
- Details: Off Street Spaces: 4
Features
- Levels: One
- Stories: 1
- Entry location: Ground
- Exterior features: Private Yard
- Fencing: Full
Lot
- Size: 6,750 Square Feet
- Features: Level, Near Public Transit
Details
- Parcel number: 517208005
- Zoning: E-TU-C
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
- Attached to another structure: Yes
Materials
- Frame
- Roof: Composition
Condition
- Year built: 1985
Utilities & green energy
- Electric: 110V, 220 Volts
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Connected
Community & HOA
Community
- Subdivision: Adams Park
HOA
- Has HOA: No
Location
- Region: Denver
Financial & listing details
- Price per square foot: $270/sqft
- Tax assessed value: $482,000
- Annual tax amount: $2,600
- Date on market: 7/1/2026
- Listing terms: 1031 Exchange,Cash,Conventional
- Exclusions: Tenant Personal Property
- Ownership: Individual
- Tenant pays: Electricity, Gas, Internet, Telephone, Trash Collection, Water
- Electric utility on property: Yes
Estimated market value
$466,500
$443,000 - $490,000
$1,731/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/20/2026 | Price change | $469,000-5.3%$270/sqft |
Source:  REcolorado as distributed by MLS GRID #6079186 Report a problem | ||
| 7/1/2026 | Listed for sale | $495,000$285/sqft |
Source: REcolorado as distributed by MLS GRID #6079186 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,944 +2.2% | $33,980 -8.6% |
| 2024 | $2,880 +27.9% | $37,170 -7.6% |
| 2023 | $2,252 +1.4% | $40,230 +42.1% |
| 2022 | $2,221 +13.2% | $28,320 -4.9% |
| 2021 | $1,962 +2.9% | $29,770 +12.6% |
| 2020 | $1,907 +7.2% | $26,448 -0.7% |
| 2019 | $1,780 | $26,633 +15.7% |
| 2018 | $1,780 +0.3% | $23,010 |
| 2017 | $1,775 +42.2% | $23,010 +44% |
| 2016 | $1,248 +26.9% | $15,980 |
| 2015 | $984 0% | $15,980 +34.9% |
| 2014 | $985 | $11,850 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Westwood
Nearby schools
Schools provided by the listing agent
- Elementary: Munroe
- Middle: Strive Westwood
- High: KIPP Denver Collegiate High School
- District: Denver 1
Source: REcolorado as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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