Duplex With Independent
New
For Sale
$750,000
1660 Ingalls St, Denver, CO 80214
Open upper-level living space features vaulted ceilings and updated furnace and central A/C systems.
Property Size2,167 SF
Lot Size0.23 Acres
Price / SF$346.10
Days on Market7
Property Features for 1660 Ingalls St
General Information
Standard status
Active
Size
2,167 SF
Lot size
0.23 Acres
Property subtype
Multi-Family
Zoning
R-MF
Amenities
shed
Building Details
Year Built
1923
Listing Agency:
Resident Realty North Metro LLC
(720) 275-0256
Listed By:
Siera Stevens
Source:
Yourteamco
Added: Aug 24
Changed: Aug 28
Last Checked: Aug 29 at 12:25PM
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 Resident Realty North Metro LLC
Investment Insights
Based on property information with market context.
This duplex includes an open upper-level floor plan that brings the kitchen, living, and dining areas together beneath vaulted ceilings. A separate basement apartment has operated as a short-term rental for six years and can also serve as an independent living suite. The furnace and central A/C were installed in 2023.
The property occupies a 10,000-square-foot lot zoned R-MF (Residential - Multi-Family). A detached backyard shed is already drywalled with electrical run. The property is located near Edgewater Public Market, local dining, Sloan's Lake, Downtown Denver, and 6th Avenue.
The property occupies a 10,000-square-foot lot zoned R-MF (Residential - Multi-Family). A detached backyard shed is already drywalled with electrical run. The property is located near Edgewater Public Market, local dining, Sloan's Lake, Downtown Denver, and 6th Avenue.
Key Highlights
- Independent basement apartment operated as a short‑term rental for 6 years
- 10,000‑square‑foot lot zoned R‑MF (Residential - Multi‑Family)
- Furnace and central A/C installed in 2023
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
$36,013
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
4.80%
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%
$720,260
$720.3K
Cap Rate 7%
$514,471
$514.5K
Cap Rate 9%
$400,144
$400.1K
Market Conditions
NOI Build-Up for 2,167 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
$54.6K $25.20/SF
− Vacancy
−$3.2K −$1.46/SF
EGI
$51.4K $23.74/SF
− OpEx
−$15.4K −$7.12/SF
NOI
$36.0K $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%
$720,260
Cap Rate 7%
$514,471
Cap Rate 9%
$400,144
Alternative Uses
Best Use
Multifamily LT 5
$514.5K
$450.2K – $600.2K
NOI $36,013 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$470.0K
$411.3K – $548.4K
NOI $32,903 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$689.8K
$603.6K – $804.8K
NOI $48,288 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,145
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Open upper-level living space features vaulted ceilings and updated furnace and central A/C systems.
Where is this duplex located?
The property is located at 1660 Ingalls St Denver, CO.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Independent basement apartment operated as a short‑term rental for 6 years; 10,000‑square‑foot lot zoned R‑MF (Residential - Multi‑Family); Furnace and central A/C installed in 2023
