Legal Triplex with Varied Unit
New
For Sale
$915,000
1251 Brentwood Street, Denver, CO 80214
Three distinct residences combine private entrances, updated interiors, outdoor space, and off-street parking at a Denver property.
Property Size1,963 SF
Days on Market3
Property Features for 1251 Brentwood Street
General Information
Standard status
Active
Size
1,963 SF
Total Parking Spaces
9
Property subtype
Triplex
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Additional Details
Gross Income
$54,000
Amenities
hardwood floors
screened-in porch
jetted tub
stainless-steel appliances
recessed lighting
mini-split system
multiple private entrances
fenced outdoor area
lawn
patio
covered gazebo
Building Details
Building Size
1,963 SF
Year Built
2000
Listing Agency:
Guide Real Estate
Listed By:
Tammy Deitz · License #FA40039767
(303) 875-2622
Source:
Anderson-alliance.kw
Added: Sep 5
Changed: Sep 6
Last Checked: Sep 7 at 4:31AM
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 Guide Real Estate
Investment Insights
Based on property information with market context.
Built in 2000, this legal triplex contains three separately configured residences: an upper 3-bedroom, 2-bath home, a lower 2-bedroom, 1-bath unit, and a separately addressed 1-bedroom, 1-bath residence. One unit is vacant while two are occupied. Interior features include hardwood flooring, a large kitchen with extensive cabinetry, stainless-steel appliances, recessed lighting, generous living and dining areas, a screened porch, and a primary suite with a jetted tub. The one-bedroom residence has its own entrance, full bath, and mini-split system.
The property includes nine reported off-street parking spaces, multiple private entrances, in-unit appliances, and a fenced outdoor area with lawn, patio, and covered gazebo. Tenant utility use is submetered and billed through a third-party provider. The Denver address provides access to central Lakewood, parks, shopping, dining, and commuter routes.
The property includes nine reported off-street parking spaces, multiple private entrances, in-unit appliances, and a fenced outdoor area with lawn, patio, and covered gazebo. Tenant utility use is submetered and billed through a third-party provider. The Denver address provides access to central Lakewood, parks, shopping, dining, and commuter routes.
Key Highlights
- Legal triplex built in 2000 with one vacant unit and two occupied units
- Unit mix includes 3‑bedroom, 2‑bath; 2‑bedroom, 1‑bath; and 1‑bedroom, 1‑bath residences
- Nine reported off‑street parking spaces
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
$32,622
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
3.57%
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%
$652,440
$652.4K
Cap Rate 7%
$466,029
$466.0K
Cap Rate 9%
$362,467
$362.5K
Market Conditions
NOI Build-Up for 1,963 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
$49.5K $25.20/SF
− Vacancy
−$2.9K −$1.46/SF
EGI
$46.6K $23.74/SF
− OpEx
−$14.0K −$7.12/SF
NOI
$32.6K $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%
$652,440
Cap Rate 7%
$466,029
Cap Rate 9%
$362,467
Alternative Uses
Best Use
Multifamily LT 5
$466.0K
$407.8K – $543.7K
NOI $32,622 @ 7.0% cap · market cap 3.57%
Second Best
Apartment 5plus
$425.8K
$372.6K – $496.8K
NOI $29,805 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$624.9K
$546.8K – $729.1K
NOI $43,743 @ 7.0% cap · market cap 4.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,435
Businesses Nearby
Explore this area
Business Placement
Demographics for 80214, CO
26,493
Population
13,298
Households
2
Avg Household Size
36
Median Age
39%
College-Educated
89%
High-School Grad
4.7 sq mi
ZIP Area
5,637
Density / Sq Mi
$74,259
Median Household Income
$48,094
Median Earnings
$1,516
Median Rent
$519,900
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?
Triplex - Three distinct residences combine private entrances, updated interiors, outdoor space, and off-street parking at a Denver property.
Where is this triplex located?
The property is located at 1251 Brentwood Street Denver, CO.
What is the asking price?
The asking price for this property is $915,000.
What are key features of this property?
This property features: Legal triplex built in 2000 with one vacant unit and two occupied units; Unit mix includes 3‑bedroom, 2‑bath; 2‑bedroom, 1‑bath; and 1‑bedroom, 1‑bath residences; Nine reported off‑street parking spaces
