Updated Half-Duplex with
For Sale
$349,000
1534 Tamarac St, Denver, CO 80220
Two-bedroom residence with central AC, private outdoor space, and detached parking garage.
Property Size926 SF
Days on Market23
Property Features for 1534 Tamarac St
General Information
Standard status
Active
Size
926 SF
Total Parking Spaces
1
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,061
Amenities
central air conditioning
hardwood floors
laundry area
deck
private side yard
Building Details
Building Size
926 SF
Year Built
1953
Listing Agency:
HomeSmart
(303) 503-3433
Listed By:
Kevin Jochem
(303) 503-3433
Source:
Guidere
Added: Aug 7
Changed: Aug 27
Last Checked: Aug 29 at 3:55PM
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 HomeSmart
Investment Insights
Based on property information with market context.
This East Denver half duplex offers two bedrooms, generous room dimensions, hardwood flooring, and an updated full bathroom with contemporary tile and glass shower doors. The kitchen combines butcher block and quartz counters with bar seating, a gas range, farmhouse-style sink, and adjacent dining area. A dedicated laundry space adds storage and a hanging bar, while south- and west-facing living room windows provide natural light. Central AC serves the home.
Outdoor features include a shaded front deck, mature landscaping, and a private side yard with space for grilling. A side walkway leads to the detached one-car garage, which provides parking and additional storage. The property has no HOA.
Built in 1953, the home is located near the future RTD Bus Rapid Transit line and within minutes of Central Park, Lowry, Stanley Marketplace, Fitzsimons Medical Campus, shopping, restaurants, coffee shops, and neighborhood parks. Downtown Denver, Anschutz Medical Campus, and major commuter routes are also accessible from the property.
Outdoor features include a shaded front deck, mature landscaping, and a private side yard with space for grilling. A side walkway leads to the detached one-car garage, which provides parking and additional storage. The property has no HOA.
Built in 1953, the home is located near the future RTD Bus Rapid Transit line and within minutes of Central Park, Lowry, Stanley Marketplace, Fitzsimons Medical Campus, shopping, restaurants, coffee shops, and neighborhood parks. Downtown Denver, Anschutz Medical Campus, and major commuter routes are also accessible from the property.
Key Highlights
- Two‑bedroom East Denver half duplex with no HOA
- Detached one‑car garage with secure parking and additional storage
- Updated kitchen with butcher block and quartz countertops, bar seating, gas range, and farmhouse‑style sink
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
$15,389
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
4.41%
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%
$307,780
$307.8K
Cap Rate 7%
$219,843
$219.8K
Cap Rate 9%
$170,989
$171.0K
Market Conditions
NOI Build-Up for 926 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
$23.3K $25.20/SF
− Vacancy
−$1.4K −$1.46/SF
EGI
$22.0K $23.74/SF
− OpEx
−$6.6K −$7.12/SF
NOI
$15.4K $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%
$307,780
Cap Rate 7%
$219,843
Cap Rate 9%
$170,989
Alternative Uses
Best Use
Multifamily LT 5
$219.8K
$192.4K – $256.5K
NOI $15,389 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$200.9K
$175.8K – $234.3K
NOI $14,060 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$294.8K
$257.9K – $343.9K
NOI $20,635 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
787
Businesses Nearby
Explore this area
Business Placement
Demographics for 80220, CO
37,233
Population
17,675
Households
2.1
Avg Household Size
37
Median Age
66%
College-Educated
94%
High-School Grad
5.2 sq mi
ZIP Area
7,160
Density / Sq Mi
$101,961
Median Household Income
$61,568
Median Earnings
$1,621
Median Rent
$739,600
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-bedroom residence with central AC, private outdoor space, and detached parking garage.
Where is this duplex located?
The property is located at 1534 Tamarac St Denver, CO.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Two‑bedroom East Denver half duplex with no HOA; Detached one‑car garage with secure parking and additional storage; Updated kitchen with butcher block and quartz countertops, bar seating, gas range, and farmhouse‑style sink
