Corner-Lot Duplex with
For Sale
$874,900
1400 Osceola St, Denver, CO 80204
Up/down layout includes a tenant-occupied basement apartment and fenced backyard.
Property Size2,600 SF
Days on Market157
Property Features for 1400 Osceola St
General Information
Standard status
Active
Size
2,600 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,825
Amenities
gated front yard
raised garden beds
front porch
fireplace
deck
fenced backyard
stacked laundry area
Building Details
Building Size
2,600 SF
Year Built
1921
Buildings
1
Listing Agency:
Engel \u0026 Volkers Denver
(303) 888-0194
Listed By:
Robert Tait · License #100043948
(303) 888-0194
Source:
Corken
Added: Mar 26
Changed: Aug 28
Last Checked: Aug 29 at 3:22PM
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 Engel \u0026 Volkers Denver
Investment Insights
Based on property information with market context.
This 1921 duplex offers an up/down configuration with a finished upper residence and a separate basement apartment. The upper unit includes two bedrooms, a split-bedroom layout, wood flooring, crown molding, a fireplace, formal dining room, and a flexible bonus room. Its kitchen is equipped with stainless steel appliances, white cabinetry, track lighting, tile backsplash, and a pass-through breakfast bar. A stacked laundry area is located in the bathroom.
The property occupies a corner lot with a gated front yard, raised garden beds, and a covered front porch. The rear yard is fenced and includes a deck, while a detached two-car garage provides additional parking and storage. The lower apartment is currently tenant-occupied, supporting the property's duplex configuration for an owner-user or rental-oriented buyer.
The property occupies a corner lot with a gated front yard, raised garden beds, and a covered front porch. The rear yard is fenced and includes a deck, while a detached two-car garage provides additional parking and storage. The lower apartment is currently tenant-occupied, supporting the property's duplex configuration for an owner-user or rental-oriented buyer.
Key Highlights
- Up/down duplex configuration with a separate basement apartment
- Tenant‑occupied lower unit
- Upper unit includes 2 bedrooms and a flexible bonus room
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
$43,208
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
4.94%
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%
$864,160
$864.2K
Cap Rate 7%
$617,257
$617.3K
Cap Rate 9%
$480,089
$480.1K
Market Conditions
NOI Build-Up for 2,600 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
$65.5K $25.20/SF
− Vacancy
−$3.8K −$1.46/SF
EGI
$61.7K $23.74/SF
− OpEx
−$18.5K −$7.12/SF
NOI
$43.2K $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%
$864,160
Cap Rate 7%
$617,257
Cap Rate 9%
$480,089
Alternative Uses
Best Use
Multifamily LT 5
$617.3K
$540.1K – $720.1K
NOI $43,208 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$564.0K
$493.5K – $658.0K
NOI $39,477 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$827.7K
$724.2K – $965.6K
NOI $57,937 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
999
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Up/down layout includes a tenant-occupied basement apartment and fenced backyard.
Where is this duplex located?
The property is located at 1400 Osceola St Denver, CO.
What is the asking price?
The asking price for this property is $874,900.
What are key features of this property?
This property features: Up/down duplex configuration with a separate basement apartment; Tenant‑occupied lower unit; Upper unit includes 2 bedrooms and a flexible bonus room
