Modern Duplex with Private
For Sale
$950,000
1648 Lowell Blvd, Denver, CO 80204
Across from Sloan's Lake, this contemporary residence combines flexible interior space with private outdoor areas and convenient parking.
Property Size2,274 SF
Price / SF$408.78
Days on Market22
Property Features for 1648 Lowell Blvd
General Information
Standard status
Active
Size
2,274 SF
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,839
Amenities
fireplace
wraparound yard
private decks
full basement
Building Details
Building Size
2,274 SF
Year Built
2015
Listing Agency:
Compass-Denver
(480) 522-9503
Listed By:
Alexis Shoop
(480) 522-9503
Source:
Guidere
Added: Aug 7
Changed: Aug 23
Last Checked: Aug 26 at 1:45PM
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 Compass-Denver
Investment Insights
Based on property information with market context.
Built in 2015, this modern duplex offers 2,324 square feet of living space with 4 bedrooms and 5 bathrooms. The interior features an open-concept plan, floor-to-ceiling windows, new carpet, a fireplace, and a kitchen designed for daily use and entertaining. The primary suite includes a walk-in closet and a private bath, while the full basement provides additional room for recreation, office use, fitness, or storage.
Outdoor features include a wraparound yard and two private decks. Parking consists of a one-car garage and an off-street pad. The property is directly across from Sloan's Lake and offers mountain views, with access to nearby dining and entertainment, downtown Denver, the football stadium, light rail, and walking and biking routes.
Outdoor features include a wraparound yard and two private decks. Parking consists of a one-car garage and an off-street pad. The property is directly across from Sloan's Lake and offers mountain views, with access to nearby dining and entertainment, downtown Denver, the football stadium, light rail, and walking and biking routes.
Key Highlights
- 4‑bedroom, 5‑bathroom duplex with 2,324 square feet of living space
- Built in 2015 with an open‑concept interior and floor‑to‑ceiling windows
- Full basement offers recreation, office, fitness, or storage flexibility
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
$38,622
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
4.07%
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%
$772,440
$772.4K
Cap Rate 7%
$551,743
$551.7K
Cap Rate 9%
$429,133
$429.1K
Market Conditions
NOI Build-Up for 2,324 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
$58.6K $25.20/SF
− Vacancy
−$3.4K −$1.46/SF
EGI
$55.2K $23.74/SF
− OpEx
−$16.6K −$7.12/SF
NOI
$38.6K $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%
$772,440
Cap Rate 7%
$551,743
Cap Rate 9%
$429,133
Alternative Uses
Best Use
Multifamily LT 5
$551.7K
$482.8K – $643.7K
NOI $38,622 @ 7.0% cap · market cap 4.07%
Second Best
Apartment 5plus
$504.1K
$441.1K – $588.1K
NOI $35,287 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$739.8K
$647.3K – $863.1K
NOI $51,787 @ 7.0% cap · market cap 5.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
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 - Across from Sloan's Lake, this contemporary residence combines flexible interior space with private outdoor areas and convenient parking.
Where is this duplex located?
The property is located at 1648 Lowell Blvd Denver, CO.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 4‑bedroom, 5‑bathroom duplex with 2,324 square feet of living space; Built in 2015 with an open‑concept interior and floor‑to‑ceiling windows; Full basement offers recreation, office, fitness, or storage flexibility
