Duplex with Rooftop
For Sale
$1,825,000
1479 S Pennsylvania St, Denver, CO 80210
Contemporary multi-level duplex with custom finishes, flexible office space, private outdoor areas, and a detached garage.
Property Size3,301 SF
Days on Market13
Property Features for 1479 S Pennsylvania St
General Information
Standard status
Active
Size
3,301 SF
Total Parking Spaces
2
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$4,302
Amenities
gas fireplace
chef's kitchen
butler's pantry
private balcony
soaking tub
heated floors
rooftop deck
wet bar
private backyard
gas hookup
ERV system
dual HVAC systems
high-performance electric water heater
detached two-car garage
Building Details
Building Size
3,301 SF
Year Built
2026
Listing Agency:
BLVD Real Estate Group, LLC
(720) 469-2416
Listed By:
Richard Papaianache · License #100079315
(720) 469-2416
Source:
Guidere
Added: Aug 17
Changed: Aug 24
Last Checked: Aug 29 at 3:08PM
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 BLVD Real Estate Group, LLC
Investment Insights
Based on property information with market context.
Built in 2026, this four-bedroom, five-bath duplex combines contemporary and transitional design across multiple finished levels. The interior includes wide-plank engineered white oak flooring, Andersen windows, custom wall molding, and a tile gas fireplace with millwork. The kitchen is equipped with quartz surfaces, custom American cabinetry, a Thermador appliance suite, island storage, and a butler’s pantry. The primary suite includes a private balcony, freestanding tub, dual-head shower, separate closets, and heated bathroom floors.
The rooftop level adds a bedroom or office, a second office, 3/4 bath, wet bar, and deck with support for a jacuzzi. A finished basement provides 10-foot ceilings, recreation space, another wet bar, full bath, and an additional bedroom. The property also includes a private backyard with gas hookup, detached two-car garage with 220V capability and overhead storage, dual HVAC systems, an ERV system, high-performance electric water heater, and enhanced insulation. Platte Park and Pearl Street boutiques and dining are one block away. There is no HOA.
The rooftop level adds a bedroom or office, a second office, 3/4 bath, wet bar, and deck with support for a jacuzzi. A finished basement provides 10-foot ceilings, recreation space, another wet bar, full bath, and an additional bedroom. The property also includes a private backyard with gas hookup, detached two-car garage with 220V capability and overhead storage, dual HVAC systems, an ERV system, high-performance electric water heater, and enhanced insulation. Platte Park and Pearl Street boutiques and dining are one block away. There is no HOA.
Key Highlights
- Four‑bedroom, five‑bath duplex built in 2026
- Rooftop level with bedroom or office, second office, 3/4 bath, wet bar, and expansive deck
- Finished basement with 10‑foot ceilings, recreation area, wet bar, full bath, and additional bedroom
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
$54,858
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
3.01%
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%
$1,097,160
$1.1M
Cap Rate 7%
$783,686
$783.7K
Cap Rate 9%
$609,533
$609.5K
Market Conditions
NOI Build-Up for 3,301 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
$83.2K $25.20/SF
− Vacancy
−$4.8K −$1.46/SF
EGI
$78.4K $23.74/SF
− OpEx
−$23.5K −$7.12/SF
NOI
$54.9K $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%
$1,097,160
Cap Rate 7%
$783,686
Cap Rate 9%
$609,533
Alternative Uses
Best Use
Multifamily LT 5
$783.7K
$685.7K – $914.3K
NOI $54,858 @ 7.0% cap · market cap 3.01%
Second Best
Apartment 5plus
$716.0K
$626.5K – $835.4K
NOI $50,121 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$1.05M
$919.5K – $1.23M
NOI $73,558 @ 7.0% cap · market cap 4.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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 - Contemporary multi-level duplex with custom finishes, flexible office space, private outdoor areas, and a detached garage.
Where is this duplex located?
The property is located at 1479 S Pennsylvania St Denver, CO.
What is the asking price?
The asking price for this property is $1,825,000.
What are key features of this property?
This property features: Four‑bedroom, five‑bath duplex built in 2026; Rooftop level with bedroom or office, second office, 3/4 bath, wet bar, and expansive deck; Finished basement with 10‑foot ceilings, recreation area, wet bar, full bath, and additional bedroom
