Updated Duplex with Private
For Sale
$699,000
1-7380 Newton St, Westminster, CO 80031
Two residential units offer separate outdoor areas and private driveways.
Property Size2,470 SF
Price / SF$282
Days on Market16
Property Features for 1-7380 Newton St
General Information
Standard status
Active
Size
2,470 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
1 x 4BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$59,400
Taxes and HOA fees
Annual Taxes
$3,313
Listing Agency:
HomeSmart Realty
(720) 277-5007
Listed By:
Yara Herrera
(720) 277-5007
Source:
Exprealty
Added: Aug 1
Changed: Aug 15
Last Checked: Aug 16 at 9:55AM
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 HomeSmart Realty
Investment Insights
Based on property information with market context.
This duplex in Westminster, Colorado contains 2,470 SF across two residential units. The larger unit includes 4 bedrooms, 1 non-conforming bedroom, and 2 bathrooms, while the smaller unit has 2 bedrooms and 1 bathroom. Each residence provides a private backyard with interior access. Interior and exterior improvements include new paint, new texture, newer carpet and flooring, updated cabinetry, quartz countertops, and stainless steel appliances. Hardwood floors are featured in the larger unit.
Parking includes a long private driveway for the larger residence, a one-car driveway for the smaller unit, and additional off-street parking. The property is located at 1-7380 Newton St in a residential neighborhood and offers separate living arrangements within one duplex structure.
Parking includes a long private driveway for the larger residence, a one-car driveway for the smaller unit, and additional off-street parking. The property is located at 1-7380 Newton St in a residential neighborhood and offers separate living arrangements within one duplex structure.
Key Highlights
- Two‑unit duplex totaling 2,470 SF
- Larger unit includes 4 bedrooms, 1 non‑conforming bedroom, and 2 bathrooms
- Smaller unit offers 2 bedrooms and 1 bathroom
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
$35,889
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
5.13%
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%
$717,780
$717.8K
Cap Rate 7%
$512,700
$512.7K
Cap Rate 9%
$398,767
$398.8K
Market Conditions
NOI Build-Up for 2,470 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
$54.8K $22.20/SF
− Vacancy
−$3.6K −$1.44/SF
EGI
$51.3K $20.76/SF
− OpEx
−$15.4K −$6.23/SF
NOI
$35.9K $14.53/SF
Area
Westminster, 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%
$717,780
Cap Rate 7%
$512,700
Cap Rate 9%
$398,767
Alternative Uses
Best Use
Multifamily LT 5
$512.7K
$448.6K – $598.2K
NOI $35,889 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$453.6K
$396.9K – $529.2K
NOI $31,754 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$721.9K
$631.7K – $842.3K
NOI $50,536 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
445
Businesses Nearby
Explore this area
Business Placement
Demographics for 80031, CO
37,254
Population
15,377
Households
2.4
Avg Household Size
39
Median Age
44%
College-Educated
89%
High-School Grad
8.4 sq mi
ZIP Area
4,435
Density / Sq Mi
$106,244
Median Household Income
$56,470
Median Earnings
$1,911
Median Rent
$499,200
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 - Two residential units offer separate outdoor areas and private driveways.
Where is this duplex located?
The property is located at 1-7380 Newton St Westminster, 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: Two‑unit duplex totaling 2,470 SF; Larger unit includes 4 bedrooms, 1 non‑conforming bedroom, and 2 bathrooms; Smaller unit offers 2 bedrooms and 1 bathroom
