Updated Duplex with Finished
For Sale
$565,000
1566 S Trenton Ct, Denver, CO 80231
Multi-level paired home with renovated baths, flexible rooms, and a landscaped outdoor area in Indian Creek.
Property Size2,296 SF
Days on Market65
Property Features for 1566 S Trenton Ct
General Information
Standard status
Active
Size
2,296 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$2,953
Building Details
Building Size
2,296 SF
Year Built
1982
Listing Agency:
The Group Inc - Centerra
(720) 231-7183
Listed By:
Emily Waller · License #2741626
(720) 231-7183
Source:
Corken
Added: Jun 26
Changed: Aug 29
Last Checked: Aug 29 at 2:27PM
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 The Group Inc - Centerra
Investment Insights
Based on property information with market context.
This paired home, classified as a duplex, combines an open main-level layout with substantial finished space below. The interior includes vaulted ceilings, recessed lighting, fresh paint, solid wood flooring on the main level, and a kitchen with granite countertops. A renovated powder room complements the main floor, while the upper level provides a primary suite with a fully renovated bathroom, an additional bedroom, a full bath, and an open loft.
The finished basement adds a family room, bonus room, and full cedar closet. Exterior features include a professionally landscaped backyard, patio, partially new fencing, and an attached two-car garage. Newer furnace and central air conditioning systems, a new water heater, and a radon mitigation system are also in place. Built in 1982, the property is located at 1566 S Trenton Ct in Denver’s Indian Creek neighborhood.
The finished basement adds a family room, bonus room, and full cedar closet. Exterior features include a professionally landscaped backyard, patio, partially new fencing, and an attached two-car garage. Newer furnace and central air conditioning systems, a new water heater, and a radon mitigation system are also in place. Built in 1982, the property is located at 1566 S Trenton Ct in Denver’s Indian Creek neighborhood.
Key Highlights
- Finished basement with family room, bonus room, and full cedar closet
- Primary suite includes a fully renovated bathroom
- Open main level with vaulted ceilings, recessed lighting, and solid wood flooring
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
$38,156
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
6.75%
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%
$763,120
$763.1K
Cap Rate 7%
$545,086
$545.1K
Cap Rate 9%
$423,956
$424.0K
Market Conditions
NOI Build-Up for 2,296 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
$57.9K $25.20/SF
− Vacancy
−$3.4K −$1.46/SF
EGI
$54.5K $23.74/SF
− OpEx
−$16.4K −$7.12/SF
NOI
$38.2K $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%
$763,120
Cap Rate 7%
$545,086
Cap Rate 9%
$423,956
Alternative Uses
Best Use
Multifamily LT 5
$545.1K
$477.0K – $635.9K
NOI $38,156 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$498.0K
$435.8K – $581.0K
NOI $34,862 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$730.9K
$639.5K – $852.7K
NOI $51,163 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,144
Businesses Nearby
Explore this area
Business Placement
Demographics for 80231, CO
36,014
Population
18,252
Households
2
Avg Household Size
35
Median Age
50%
College-Educated
94%
High-School Grad
4.9 sq mi
ZIP Area
7,350
Density / Sq Mi
$73,961
Median Household Income
$48,062
Median Earnings
$1,727
Median Rent
$489,900
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 - Multi-level paired home with renovated baths, flexible rooms, and a landscaped outdoor area in Indian Creek.
Where is this duplex located?
The property is located at 1566 S Trenton Ct Denver, CO.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Finished basement with family room, bonus room, and full cedar closet; Primary suite includes a fully renovated bathroom; Open main level with vaulted ceilings, recessed lighting, and solid wood flooring
