Three-Level Duplex with Rooftop
For Sale
$1,322,000
1588 N Lowell Blvd, Denver, CO 80204
Newly built three-level property with premium finishes, private outdoor areas, and a detached garage.
Property Size2,682 SF
Days on Market180
Property Features for 1588 N Lowell Blvd
General Information
Standard status
Active
Size
2,682 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Multifamily Units
1
Amenities
rooftop deck
private balcony
chef's kitchen
fireplace
dry bar
gated front and rear yards
Building Details
Building Size
2,682 SF
Year Built
2025
Buildings
1
Stories
3
Listing Agency:
Your Castle Real Estate Inc
(214) 686-1218
Listed By:
Laura Mueller · License #100069865
(214) 686-1218
Source:
Guidere
Added: Feb 26
Changed: Aug 12
Last Checked: Aug 24 at 12:44PM
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 Your Castle Real Estate Inc
Investment Insights
Based on property information with market context.
Built in 2025, this three-level duplex property combines four bedrooms and four bathrooms with a contemporary interior and multiple private outdoor spaces. The main floor features an open kitchen and living arrangement, professional-grade appliances, double ovens, quartz countertops, custom cabinetry, designer tile, hardwood flooring, a modern fireplace, and a dedicated dining area. The upper levels include a primary suite with a private balcony, spa-style bathroom, and walk-in closet, along with an additional en-suite bedroom. A third-level lounge with dry bar connects to the rooftop deck, while two more bedrooms provide flexible accommodation, including one suited to private office use.
The property includes gated front and rear yards and a detached 2-car garage. It is located near Sloan's Lake, the lake trail, neighborhood dining and breweries, Edgewater Public Market, and downtown Denver.
The property includes gated front and rear yards and a detached 2-car garage. It is located near Sloan's Lake, the lake trail, neighborhood dining and breweries, Edgewater Public Market, and downtown Denver.
Key Highlights
- Built in 2025 with 4 bedrooms and 4 bathrooms
- Three‑level layout with rooftop deck and third‑floor lounge
- Detached 2‑car garage with gated front and rear yards
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
$44,571
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
3.37%
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%
$891,420
$891.4K
Cap Rate 7%
$636,729
$636.7K
Cap Rate 9%
$495,233
$495.2K
Market Conditions
NOI Build-Up for 2,682 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
$67.6K $25.20/SF
− Vacancy
−$3.9K −$1.46/SF
EGI
$63.7K $23.74/SF
− OpEx
−$19.1K −$7.12/SF
NOI
$44.6K $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%
$891,420
Cap Rate 7%
$636,729
Cap Rate 9%
$495,233
Alternative Uses
Best Use
Multifamily LT 5
$636.7K
$557.1K – $742.9K
NOI $44,571 @ 7.0% cap · market cap 3.37%
Second Best
Apartment 5plus
$581.7K
$509.0K – $678.7K
NOI $40,722 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$853.8K
$747.1K – $996.1K
NOI $59,764 @ 7.0% cap · market cap 4.52%
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
1,162
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 - Newly built three-level property with premium finishes, private outdoor areas, and a detached garage.
Where is this duplex located?
The property is located at 1588 N Lowell Blvd Denver, CO.
What is the asking price?
The asking price for this property is $1,322,000.
What are key features of this property?
This property features: Built in 2025 with 4 bedrooms and 4 bathrooms; Three‑level layout with rooftop deck and third‑floor lounge; Detached 2‑car garage with gated front and rear yards
