Renovated Side-by-Side
For Sale
$599,000
2045 S Acoma Street, Denver, CO 80223
Two residential units feature private laundry hookups, fenced yards, and separately metered gas and electric service.
Property Size1,118 SF
Price / SF$535.78
Days on Market91
Property Features for 2045 S Acoma Street
General Information
Standard status
Active
Size
1,118 SF
Total Parking Spaces
3
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$3,038
Amenities
private washer/dryer hookups
fenced backyards
solar panels
Building Details
Year Built
1895
Listing Agency:
MODUS Real Estate
(720) 935-2184
Listed By:
Patrick Rampi · License #100055927
(720) 935-2184
Source:
Exitrealty
Added: Jun 2
Changed: Aug 30
Last Checked: Aug 30 at 7:07PM
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 MODUS Real Estate
Investment Insights
Based on property information with market context.
This side-by-side duplex contains two 2-bedroom, 1-bathroom residences within an 1,118-square-foot property built in 1895. Unit #2047 was renovated approximately two years ago with updated kitchen and bathroom finishes, hardwood floors, exposed brick, glass block details, and a mini-split system for heating and cooling. Unit #2045 includes granite countertops and a newer tankless water heater. Both residences have private washer and dryer hookups with machines included, along with separately fenced backyards.
A detached oversized 3-car garage adds substantial storage and parking capacity, with a layout that can be divided between the two units. The property also includes a newly coated roof, a newer garage roof, and a freshly painted front exterior. Fully paid-off solar panels are installed on the detached garage. Located at 2045 S Acoma Street in Denver’s Rosewood neighborhood.
A detached oversized 3-car garage adds substantial storage and parking capacity, with a layout that can be divided between the two units. The property also includes a newly coated roof, a newer garage roof, and a freshly painted front exterior. Fully paid-off solar panels are installed on the detached garage. Located at 2045 S Acoma Street in Denver’s Rosewood neighborhood.
Key Highlights
- Two 2‑bedroom, 1‑bathroom units in a side‑by‑side duplex
- Unit #2047 renovated approximately two years ago with updated kitchen and bathroom finishes
- Oversized detached 3‑car garage with potential 1‑car/2‑car division between units
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
$18,580
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
3.10%
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%
$371,600
$371.6K
Cap Rate 7%
$265,429
$265.4K
Cap Rate 9%
$206,444
$206.4K
Market Conditions
NOI Build-Up for 1,118 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
$28.2K $25.20/SF
− Vacancy
−$1.6K −$1.46/SF
EGI
$26.5K $23.74/SF
− OpEx
−$8.0K −$7.12/SF
NOI
$18.6K $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%
$371,600
Cap Rate 7%
$265,429
Cap Rate 9%
$206,444
Alternative Uses
Best Use
Multifamily LT 5
$265.4K
$232.3K – $309.7K
NOI $18,580 @ 7.0% cap · market cap 3.10%
Second Best
Apartment 5plus
$242.5K
$212.2K – $282.9K
NOI $16,975 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$355.9K
$311.4K – $415.2K
NOI $24,913 @ 7.0% cap · market cap 4.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,351
Businesses Nearby
Explore this area
Business Placement
Demographics for 80223, CO
19,862
Population
9,532
Households
2.1
Avg Household Size
34
Median Age
46%
College-Educated
87%
High-School Grad
5.3 sq mi
ZIP Area
3,748
Density / Sq Mi
$80,461
Median Household Income
$50,567
Median Earnings
$1,650
Median Rent
$497,900
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 - Two residential units feature private laundry hookups, fenced yards, and separately metered gas and electric service.
Where is this duplex located?
The property is located at 2045 S Acoma Street Denver, CO.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom units in a side‑by‑side duplex; Unit #2047 renovated approximately two years ago with updated kitchen and bathroom finishes; Oversized detached 3‑car garage with potential 1‑car/2‑car division between units
