Duplex Property with Flagstone
For Sale
$445,000
1400 S Logan St, Denver, CO 80210
Historic duplex property with hardwood interiors, flexible living space, remote-controlled systems, and walkable access to neighborhood businesses.
Property Size784 SF
Days on Market17
Property Features for 1400 S Logan St
General Information
Standard status
Active
Size
784 SF
Property subtype
Duplex
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,074
Amenities
hardwood flooring
open floor plan
natural light
concrete flooring in mudroom
Nest thermostat
Rachio sprinkler system
tree shaded flagstone patio
propane fire pit
garden area
unfinished basement
Building Details
Building Size
784 SF
Year Built
1900
Listing Agency:
Keller Williams DTC
(303) 829-4778
Listed By:
Bill Wasinski
(303) 829-4778
Source:
Guidere
Added: Jul 27
Changed: Aug 7
Last Checked: Aug 11 at 12:55PM
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.
Built in 1900, this duplex property features hardwood flooring throughout the main house, an open interior arrangement, and abundant natural light. A mudroom with concrete flooring provides a practical transition area, while the unfinished basement offers storage space. The property also includes a Nest thermostat and Rachio sprinkler system that can be managed remotely through an app.
Outdoor features include a tree-shaded flagstone patio, propane fire pit, and perimeter garden area. The home is two blocks from the South Pearl Street business district, with restaurants, coffee, wine, retail boutiques, seasonal events, and a farmers market. Louisiana/Pearl light rail station, Platt Park, Wash Park, Whole Foods, Sprouts, McKinley Thatcher, Goddard Schools, and Grant Middle School are also identified nearby.
Outdoor features include a tree-shaded flagstone patio, propane fire pit, and perimeter garden area. The home is two blocks from the South Pearl Street business district, with restaurants, coffee, wine, retail boutiques, seasonal events, and a farmers market. Louisiana/Pearl light rail station, Platt Park, Wash Park, Whole Foods, Sprouts, McKinley Thatcher, Goddard Schools, and Grant Middle School are also identified nearby.
Key Highlights
- Duplex property built in 1900
- Hardwood flooring throughout the main house
- Open floor plan with abundant natural light
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
$13,029
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
2.93%
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%
$260,580
$260.6K
Cap Rate 7%
$186,129
$186.1K
Cap Rate 9%
$144,767
$144.8K
Market Conditions
NOI Build-Up for 784 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
$19.8K $25.20/SF
− Vacancy
−$1.1K −$1.46/SF
EGI
$18.6K $23.74/SF
− OpEx
−$5.6K −$7.12/SF
NOI
$13.0K $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%
$260,580
Cap Rate 7%
$186,129
Cap Rate 9%
$144,767
Alternative Uses
Best Use
Multifamily LT 5
$186.1K
$162.9K – $217.2K
NOI $13,029 @ 7.0% cap · market cap 2.93%
Second Best
Apartment 5plus
$170.1K
$148.8K – $198.4K
NOI $11,904 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$249.6K
$218.4K – $291.2K
NOI $17,470 @ 7.0% cap · market cap 3.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,908
Businesses Nearby
Explore this area
Business Placement
Demographics for 80210, CO
39,394
Population
18,496
Households
2.1
Avg Household Size
33
Median Age
76%
College-Educated
99%
High-School Grad
6.1 sq mi
ZIP Area
6,458
Density / Sq Mi
$120,156
Median Household Income
$61,607
Median Earnings
$1,963
Median Rent
$870,500
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 - Historic duplex property with hardwood interiors, flexible living space, remote-controlled systems, and walkable access to neighborhood businesses.
Where is this duplex located?
The property is located at 1400 S Logan St Denver, CO.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Duplex property built in 1900; Hardwood flooring throughout the main house; Open floor plan with abundant natural light
