Residential Income Property with Rooftop
New
For Sale
$740,000
2435 Decatur St, Denver, CO 80211
Modern half-duplex residence with multiple outdoor spaces, an open main level, and a quartz kitchen island.
Property Size1,449 SF
Days on Market3
Property Features for 2435 Decatur St
General Information
Standard status
Active
Size
1,449 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,904
Amenities
rooftop deck
outdoor deck/balcony spaces
fireplace
Building Details
Building Size
1,449 SF
Year Built
2014
Listing Agency:
Brokers Guild Real Estate
Listed By:
Karen Gustafson · License #100018364
(303) 514-0818
Source:
Corken
Added: Sep 6
Last Checked: Sep 8 at 10:16AM
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 Brokers Guild Real Estate
Investment Insights
Based on property information with market context.
This 1/2 duplex, built in 2014, combines a modern interior with a flexible residential layout. The home includes 2 bedrooms and 2 1/2 baths, along with an open main living area featuring hardwood floors, recessed lighting, and a fireplace framed by built-in shelving. The kitchen is finished with quartz countertops and a large island. A rooftop deck with 360-degree views is complemented by three additional deck or balcony spaces.
The property is located at 2435 Decatur St in Denver’s Jefferson Park area within The Highlands. Restaurants, bars, breweries, galleries, parks, and shops are described as walkable from the property. Access to I-25, I-70, DIA, and the mountains is also noted. The property has no HOA.
The property is located at 2435 Decatur St in Denver’s Jefferson Park area within The Highlands. Restaurants, bars, breweries, galleries, parks, and shops are described as walkable from the property. Access to I-25, I-70, DIA, and the mountains is also noted. The property has no HOA.
Key Highlights
- 1/2 duplex with 2 bedrooms and 2 1/2 baths
- Rooftop deck offers 360‑degree views
- Three additional outdoor deck or balcony 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
$22,001
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
2.97%
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%
$440,020
$440.0K
Cap Rate 7%
$314,300
$314.3K
Cap Rate 9%
$244,456
$244.5K
Market Conditions
NOI Build-Up for 1,449 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
$42.6K $29.40/SF
− Vacancy
−$2.6K −$1.79/SF
EGI
$40.0K $27.61/SF
− OpEx
−$18.0K −$12.42/SF
NOI
$22.0K $15.18/SF
Area
Denver, CO
Vacancy
6.10%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
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%
$440,020
Cap Rate 7%
$314,300
Cap Rate 9%
$244,456
Alternative Uses
Best Use
Apartment 5plus
$314.3K
$275.0K – $366.7K
NOI $22,001 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$461.3K
$403.6K – $538.2K
NOI $32,289 @ 7.0% cap · market cap 4.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,438
Businesses Nearby
Explore this area
Business Placement
Demographics for 80211, CO
37,940
Population
20,973
Households
1.8
Avg Household Size
34
Median Age
71%
College-Educated
92%
High-School Grad
4.5 sq mi
ZIP Area
8,431
Density / Sq Mi
$117,685
Median Household Income
$78,573
Median Earnings
$1,931
Median Rent
$747,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Modern half-duplex residence with multiple outdoor spaces, an open main level, and a quartz kitchen island.
Where is this residential income property located?
The property is located at 2435 Decatur St Denver, CO.
What is the asking price?
The asking price for this property is $740,000.
What are key features of this property?
This property features: 1/2 duplex with 2 bedrooms and 2 1/2 baths; Rooftop deck offers 360‑degree views; Three additional outdoor deck or balcony spaces
