Duplex with Fenced
For Sale
$690,000
27 Newland Ct, Lakewood, CO 80226
Residential Income, Lakewood, CO
Property Size2,086 SF
Lot Size0.30 Acres
Price / SF$330.78
Days on Market32
Property Features for 27 Newland Ct
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R-2
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 6, Bedroom 1, Bedroom 4, Bedroom 2
Parking
2
Interior features
Eat-in Kitchen
Fencing
Fenced
Appliances
No Units Furnished
Subdivision
Kohler
Lot features
Level, City Limits, Paved, Curbs, Gutters
Elementary school
Stein
Middle school
Alameda International
High school
Alameda International
Elementary school district
Jefferson Dist R-1
Middle school district
Jefferson Dist R-1
High school district
Jefferson Dist R-1
Standard status
Active
APN
086116
Size
2,086 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3892
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Window Unit(s), Wall/Window Unit(s)
Amenities
fenced backyards
Building Details
Year built
1963
Floors in Building
1
Number of units
2
Building materials
Brick
Roof type
Composition
Architectural style
Other
Listing Agency:
Group Harmony
(970) 229-0700
Listed By:
Taylor Dye · License #100076689
(970) 691-5690
Added: Aug 5
Changed: Sep 1
Last Checked: Sep 5 at 10:06PM
MLS# 1065779
Copyright © 2026 IRES MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1963 brick duplex contains 2,086 square feet across two identical units. Each residence includes an eat-in kitchen, forced-air heating, window or wall-unit cooling, and a fenced backyard. The property also has a composition roof, public sewer service, and natural gas available. R-2 zoning supports the duplex configuration.
Both units are occupied by established tenants. One resident has lived at the property for more than 10 years and recently signed an 18-month lease beginning in October. The second tenancy extends through February 2027. The property is located at 27 Newland Ct in Lakewood, across from O'Kane Park, 1 mile from Belmar Shopping Center, and 6.5 miles from Coors Field.
Both units are occupied by established tenants. One resident has lived at the property for more than 10 years and recently signed an 18-month lease beginning in October. The second tenancy extends through February 2027. The property is located at 27 Newland Ct in Lakewood, across from O'Kane Park, 1 mile from Belmar Shopping Center, and 6.5 miles from Coors Field.
Key Highlights
- 2,086‑square‑foot duplex with two identical units
- Situated on a 0.3‑acre lot in Lakewood
- R‑2 zoning supports the duplex configuration
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,309
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$606,180
$606.2K
Cap Rate 7%
$432,986
$433.0K
Cap Rate 9%
$336,767
$336.8K
Market Conditions
NOI Build-Up for 2,086 SF
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.
Gross rent
$46.3K $22.20/SF
− Vacancy
−$3.0K −$1.44/SF
EGI
$43.3K $20.76/SF
− OpEx
−$13.0K −$6.23/SF
NOI
$30.3K $14.53/SF
Area
Lakewood, CO
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$606,180
Cap Rate 7%
$432,986
Cap Rate 9%
$336,767
Alternative Uses
Best Use
Multifamily LT 5
$433.0K
$378.9K – $505.2K
NOI $30,309 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$379.0K
$331.6K – $442.2K
NOI $26,530 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$624.8K
$546.7K – $728.9K
NOI $43,736 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,611
Businesses Nearby
Explore this area
Business Placement
Demographics for 80226, CO
33,142
Population
14,742
Households
2.2
Avg Household Size
37
Median Age
38%
College-Educated
90%
High-School Grad
8.1 sq mi
ZIP Area
4,092
Density / Sq Mi
$78,466
Median Household Income
$44,640
Median Earnings
$1,738
Median Rent
$547,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Brick duplex with two matching units, long-term occupancy, and R-2 zoning on a spacious residential parcel.
Where is this duplex located?
The property is located at 27 Newland Ct Lakewood, CO.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: 2,086‑square‑foot duplex with two identical units; Situated on a 0.3‑acre lot in Lakewood; R‑2 zoning supports the duplex configuration
