Brick Duplex with Detached
New
For Sale
$539,999
1468 W Dakota Avenue, Denver, CO 80223
Stacked two-unit property with fireplaces, covered parking, separate laundry areas, and private outdoor spaces.
Property Size1,950 SF
Price / SF$276.92
Days on Market4
Property Features for 1468 W Dakota Avenue
General Information
Standard status
Active
Size
1,950 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,866
Amenities
fireplaces
porch
laundry spaces
large covered patio
fenced outdoor area
hot tub
extra storage
Building Details
Year Built
1946
Buildings
1
Construction
brick
Listing Agency:
MB VIP Realty LLC
(303) 953-1227
Listed By:
Alberto Madera · License #100065747
(720) 938-7742
Source:
Exitrealty
Added: Sep 9
Changed: Sep 11
Last Checked: Sep 12 at 6:15AM
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 MB VIP Realty LLC
Investment Insights
Based on property information with market context.
This 1,950-square-foot stacked duplex at 1468 W Dakota Ave includes two separate residences within a brick building constructed in 1946. The upper unit contains 3 bedrooms, 1 full bath, 1 half bath, a living room with fireplace, kitchen, laundry/mud room, porch, side yard, and access to the detached 2-car garage. The lower unit offers 1 bedroom, 1 full bath, a kitchen, living room with fireplace, private laundry area, covered patio, fenced outdoor space, and hot tub.
The property also includes an attached carport, covered parking, additional storage, and a long driveway. Broadway, restaurants, shops, RTD bus service, and light rail are nearby. Huston Lake Park, West-Bar-Val Wood Park, and Ruby Hill are approximately 1.5 miles away, while downtown Denver is accessible by car.
The property also includes an attached carport, covered parking, additional storage, and a long driveway. Broadway, restaurants, shops, RTD bus service, and light rail are nearby. Huston Lake Park, West-Bar-Val Wood Park, and Ruby Hill are approximately 1.5 miles away, while downtown Denver is accessible by car.
Key Highlights
- 1,950 SF stacked duplex with 2 separate units
- Upper unit has 3 bedrooms, 1 full bath, and 1 half bath
- Lower unit includes 1 bedroom and 1 full bath
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
$32,406
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
6.00%
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%
$648,120
$648.1K
Cap Rate 7%
$462,943
$462.9K
Cap Rate 9%
$360,067
$360.1K
Market Conditions
NOI Build-Up for 1,950 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
$49.1K $25.20/SF
− Vacancy
−$2.8K −$1.46/SF
EGI
$46.3K $23.74/SF
− OpEx
−$13.9K −$7.12/SF
NOI
$32.4K $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%
$648,120
Cap Rate 7%
$462,943
Cap Rate 9%
$360,067
Alternative Uses
Best Use
Multifamily LT 5
$462.9K
$405.1K – $540.1K
NOI $32,406 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$423.0K
$370.1K – $493.5K
NOI $29,608 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$620.8K
$543.2K – $724.2K
NOI $43,453 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
888
Businesses Nearby
Explore this area
Business Placement
Demographics for 80223, CO
19,862
Population
9,532
Households
2.1
Avg Household Size
34
Median Age
46%
College-Educated
87%
High-School Grad
5.3 sq mi
ZIP Area
3,748
Density / Sq Mi
$80,461
Median Household Income
$50,567
Median Earnings
$1,650
Median Rent
$497,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Stacked two-unit property with fireplaces, covered parking, separate laundry areas, and private outdoor spaces.
Where is this duplex located?
The property is located at 1468 W Dakota Avenue Denver, CO.
What is the asking price?
The asking price for this property is $539,999.
What are key features of this property?
This property features: 1,950 SF stacked duplex with 2 separate units; Upper unit has 3 bedrooms, 1 full bath, and 1 half bath; Lower unit includes 1 bedroom and 1 full bath
