Restored Historic
For Sale
$850,000
1444 N Stuart St, Denver, CO 80204
Two private residences feature updated kitchens, bathrooms, and modern building systems.
Property Size1,450 SF
Days on Market87
Property Features for 1444 N Stuart St
General Information
Standard status
Active
Size
1,450 SF
Property subtype
Duplex
Units
Unit Mix
1 x 4BR/3.5BA, 1 x 3BR/3BA
Multifamily Units
2
Additional Details
Furnished
No
Taxes and HOA fees
Annual Taxes
$3,776
Building Details
Building Size
1,450 SF
Year Built
1890
Listing Agency:
Compass - Denver
(303) 456-5227
Listed By:
Jennifer Lee · License #100074512
(303) 456-5227
Source:
Corken
Added: Jun 4
Changed: Aug 29
Last Checked: Aug 29 at 2:11PM
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 Compass - Denver
Investment Insights
Based on property information with market context.
This duplex comprises two private residences within an 1890 property associated with Denver architect William Lang. The 1442 residence includes 4 bedrooms and 3.5 bathrooms, while the 1444 residence provides 3 bedrooms and 3 bathrooms. Each unit functions as a complete home with updated kitchens and bathrooms, refinished flooring, original stained glass, an ornate staircase, and original fireplaces.
Building improvements include new electrical and plumbing systems, a foam-insulated roof deck, and 15 SEER variable-speed HVAC systems. The property is located in Denver’s Stuart Historical District at 1444 N Stuart St, with the adjoining residence at 1442 N Stuart St. The restoration retains significant historic interior elements while incorporating contemporary infrastructure and finishes.
Building improvements include new electrical and plumbing systems, a foam-insulated roof deck, and 15 SEER variable-speed HVAC systems. The property is located in Denver’s Stuart Historical District at 1444 N Stuart St, with the adjoining residence at 1442 N Stuart St. The restoration retains significant historic interior elements while incorporating contemporary infrastructure and finishes.
Key Highlights
- Two private residences with separate layouts and living spaces
- 1442 residence includes 4 bedrooms and 3.5 bathrooms
- 1444 residence includes 3 bedrooms and 3 bathrooms
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
$24,097
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
2.83%
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%
$481,940
$481.9K
Cap Rate 7%
$344,243
$344.2K
Cap Rate 9%
$267,744
$267.7K
Market Conditions
NOI Build-Up for 1,450 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
$36.5K $25.20/SF
− Vacancy
−$2.1K −$1.46/SF
EGI
$34.4K $23.74/SF
− OpEx
−$10.3K −$7.12/SF
NOI
$24.1K $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%
$481,940
Cap Rate 7%
$344,243
Cap Rate 9%
$267,744
Alternative Uses
Best Use
Multifamily LT 5
$344.2K
$301.2K – $401.6K
NOI $24,097 @ 7.0% cap · market cap 2.83%
Second Best
Apartment 5plus
$314.5K
$275.2K – $366.9K
NOI $22,016 @ 7.0% cap · market cap 2.59%
Theoretical Best
Office A
$461.6K
$403.9K – $538.5K
NOI $32,311 @ 7.0% cap · market cap 3.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
933
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 private residences feature updated kitchens, bathrooms, and modern building systems.
Where is this duplex located?
The property is located at 1444 N Stuart St Denver, CO.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two private residences with separate layouts and living spaces; 1442 residence includes 4 bedrooms and 3.5 bathrooms; 1444 residence includes 3 bedrooms and 3 bathrooms
