Duplex with Finished
For Sale
$669,000
10080 E 59th Dr, Denver, CO 80238
Flexible residential property with hardwood floors, an open kitchen, finished lower-level living space, and a private backyard deck.
Property Size2,408 SF
Days on Market44
Property Features for 10080 E 59th Dr
General Information
Standard status
Active
Size
2,408 SF
Property subtype
Duplex
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,952
Amenities
deck
private backyard
Building Details
Building Size
2,408 SF
Year Built
2019
Listing Agency:
Compass - Denver
(720) 799-6376
Listed By:
Ashley Faller
(720) 799-6376
Source:
Corken
Added: Jul 17
Changed: Aug 28
Last Checked: Aug 29 at 3:57PM
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 Compass - Denver
Investment Insights
Based on property information with market context.
This 2019-built duplex includes more than 2,400 finished square feet, three bedrooms, an upstairs loft, and a finished basement with a family room, additional bedroom, and full bathroom. The interior features hardwood flooring, natural light, and an open arrangement connecting the kitchen, dining, and living areas. Granite countertops, a center island, extensive cabinetry, and generous preparation space define the kitchen. The loft can serve as an office, media room, or playroom, with an option to convert it to a fourth bedroom. A private backyard and spacious deck add outdoor living space.
The property is located in Denver’s Central Park North End, within walking distance of Northfield High School, neighborhood parks, and the Rocky Mountain Arsenal Wildlife Refuge. Splash Landing Pool and community events, including concerts, food truck nights, holiday celebrations, and farmers markets, are also part of the surrounding neighborhood context.
The property is located in Denver’s Central Park North End, within walking distance of Northfield High School, neighborhood parks, and the Rocky Mountain Arsenal Wildlife Refuge. Splash Landing Pool and community events, including concerts, food truck nights, holiday celebrations, and farmers markets, are also part of the surrounding neighborhood context.
Key Highlights
- 2019‑built duplex with more than 2,400 finished square feet
- Three bedrooms plus an upstairs loft with an option to convert to a fourth bedroom
- Finished basement with family room, additional bedroom, and full 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
$40,018
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
5.98%
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%
$800,360
$800.4K
Cap Rate 7%
$571,686
$571.7K
Cap Rate 9%
$444,644
$444.6K
Market Conditions
NOI Build-Up for 2,408 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
$60.7K $25.20/SF
− Vacancy
−$3.5K −$1.46/SF
EGI
$57.2K $23.74/SF
− OpEx
−$17.2K −$7.12/SF
NOI
$40.0K $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 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%
$800,360
Cap Rate 7%
$571,686
Cap Rate 9%
$444,644
Alternative Uses
Best Use
Multifamily LT 5
$571.7K
$500.2K – $667.0K
NOI $40,018 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$522.3K
$457.0K – $609.4K
NOI $36,562 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$766.6K
$670.7K – $894.3K
NOI $53,659 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
150
Businesses Nearby
Explore this area
Business Placement
Demographics for 80238, CO
28,937
Population
11,741
Households
2.5
Avg Household Size
34
Median Age
77%
College-Educated
100%
High-School Grad
6.8 sq mi
ZIP Area
4,255
Density / Sq Mi
$166,191
Median Household Income
$90,306
Median Earnings
$2,071
Median Rent
$806,400
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 - Flexible residential property with hardwood floors, an open kitchen, finished lower-level living space, and a private backyard deck.
Where is this duplex located?
The property is located at 10080 E 59th Dr Denver, CO.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: 2019‑built duplex with more than 2,400 finished square feet; Three bedrooms plus an upstairs loft with an option to convert to a fourth bedroom; Finished basement with family room, additional bedroom, and full bathroom
