Updated Four-Bedroom
New
For Sale
$550,000
1372 Zenobia St, Denver, CO 80204
Two-level layout with refreshed interiors, separate bedroom groupings, and a detached garage for parking and storage.
Property Size1,587 SF
Days on Market5
Property Features for 1372 Zenobia St
General Information
Standard status
Active
Size
1,587 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
1 x 4BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,132
Amenities
central air conditioning
Building Details
Building Size
1,587 SF
Year Built
1952
Buildings
1
Construction
ranch
Listing Agency:
Keller Williams DTC
Listed By:
EMPOWERHOME Team
(720) 615-7905
Source:
Corken
Added: Sep 3
Changed: Sep 6
Last Checked: Sep 7 at 6:50AM
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 Keller Williams DTC
Investment Insights
Based on property information with market context.
This duplex property provides approximately 1,600 square feet in a ranch-style configuration, with two bedrooms and one bathroom on the main level and an additional two-bedroom, one-bath arrangement in the basement. Interior improvements include hardwood flooring, contemporary cabinetry, new appliances, tile work, backsplash, trim, and updated finishes throughout.
Major building systems have also been addressed, including a newer roof, updated electrical panels, central air conditioning, and a new sewer line. A detached two-car garage adds off-street parking and storage. The property was built in 1952 and is located at 1372 Zenobia St in Denver, Colorado.
Major building systems have also been addressed, including a newer roof, updated electrical panels, central air conditioning, and a new sewer line. A detached two-car garage adds off-street parking and storage. The property was built in 1952 and is located at 1372 Zenobia St in Denver, Colorado.
Key Highlights
- Approximately 1,600 square feet with 4 bedrooms and 2 bathrooms
- Two bedrooms and one bathroom on both the main floor and basement levels
- Updated hardwood floors, cabinetry, appliances, tile, backsplash, trim, and finishes
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
$26,374
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%
$527,480
$527.5K
Cap Rate 7%
$376,771
$376.8K
Cap Rate 9%
$293,044
$293.0K
Market Conditions
NOI Build-Up for 1,587 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
$40.0K $25.20/SF
− Vacancy
−$2.3K −$1.46/SF
EGI
$37.7K $23.74/SF
− OpEx
−$11.3K −$7.12/SF
NOI
$26.4K $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%
$527,480
Cap Rate 7%
$376,771
Cap Rate 9%
$293,044
Alternative Uses
Best Use
Multifamily LT 5
$376.8K
$329.7K – $439.6K
NOI $26,374 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$344.2K
$301.2K – $401.6K
NOI $24,096 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$505.2K
$442.1K – $589.4K
NOI $35,364 @ 7.0% cap · market cap 6.43%
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
551
Businesses Nearby
Explore this area
Business Placement
Demographics for 80204, CO
35,269
Population
18,378
Households
1.9
Avg Household Size
33
Median Age
51%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$79,265
Median Household Income
$58,860
Median Earnings
$1,724
Median Rent
$579,900
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?
Duplex - Two-level layout with refreshed interiors, separate bedroom groupings, and a detached garage for parking and storage.
Where is this duplex located?
The property is located at 1372 Zenobia St Denver, CO.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Approximately 1,600 square feet with 4 bedrooms and 2 bathrooms; Two bedrooms and one bathroom on both the main floor and basement levels; Updated hardwood floors, cabinetry, appliances, tile, backsplash, trim, and finishes
