Remodeled Duplex with Finished
For Sale
$1,090,000
2071 S Grant St, Denver, CO 80210
Updated duplex with a flexible lower level, private outdoor space, garage parking, and proximity to Platt Park amenities.
Property Size2,528 SF
Days on Market67
Property Features for 2071 S Grant St
General Information
Standard status
Active
Size
2,528 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,403
Building Details
Building Size
2,528 SF
Year Built
2004
Buildings
1
Listing Agency:
Snyder Realty Team
(303) 877-3097
Listed By:
Tom Snyder
(303) 877-3097
Source:
Guidere
Added: Jun 24
Changed: Aug 28
Last Checked: Aug 29 at 3:33PM
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 Snyder Realty Team
Investment Insights
Based on property information with market context.
This remodeled duplex combines an open main-level layout with substantial improvements throughout. The central living area joins the living room, dining space, and kitchen, which includes quartz countertops, custom wood cabinetry, and Fisher & Paykel and Dacor appliances. A folding glass wall connects the interior to the backyard. The upper level contains three bedrooms, including a primary suite with a remodeled five-piece bathroom and heated flooring, while a second updated bathroom serves the additional bedrooms. A basement finished in 2024 adds a family room, fourth bedroom, full bathroom, and flexible bonus area.
Exterior features include professionally landscaped front grounds, a private low-maintenance backyard, patio space, and a two-car garage. Additional improvements include a whole-house water filtration system, whole-house humidifier, and new main electrical panel. Renovation work was completed with permits. The property is located at 2071 S Grant St in Denver, near Platt Park restaurants, coffee shops, boutiques, parks, a farmers market, light rail, and other neighborhood amenities. Built in 2004.
Exterior features include professionally landscaped front grounds, a private low-maintenance backyard, patio space, and a two-car garage. Additional improvements include a whole-house water filtration system, whole-house humidifier, and new main electrical panel. Renovation work was completed with permits. The property is located at 2071 S Grant St in Denver, near Platt Park restaurants, coffee shops, boutiques, parks, a farmers market, light rail, and other neighborhood amenities. Built in 2004.
Key Highlights
- Remodeled duplex with basement finished in 2024
- Four bedrooms and three full bathrooms, including a primary five‑piece bath
- Quartz kitchen with custom wood cabinetry and Fisher & Paykel and Dacor appliances
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
$42,012
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
3.85%
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%
$840,240
$840.2K
Cap Rate 7%
$600,171
$600.2K
Cap Rate 9%
$466,800
$466.8K
Market Conditions
NOI Build-Up for 2,528 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
$63.7K $25.20/SF
− Vacancy
−$3.7K −$1.46/SF
EGI
$60.0K $23.74/SF
− OpEx
−$18.0K −$7.12/SF
NOI
$42.0K $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%
$840,240
Cap Rate 7%
$600,171
Cap Rate 9%
$466,800
Alternative Uses
Best Use
Multifamily LT 5
$600.2K
$525.2K – $700.2K
NOI $42,012 @ 7.0% cap · market cap 3.85%
Second Best
Apartment 5plus
$548.3K
$479.8K – $639.7K
NOI $38,384 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$804.8K
$704.2K – $938.9K
NOI $56,333 @ 7.0% cap · market cap 5.17%
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
2,111
Businesses Nearby
Explore this area
Business Placement
Demographics for 80210, CO
39,394
Population
18,496
Households
2.1
Avg Household Size
33
Median Age
76%
College-Educated
99%
High-School Grad
6.1 sq mi
ZIP Area
6,458
Density / Sq Mi
$120,156
Median Household Income
$61,607
Median Earnings
$1,963
Median Rent
$870,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex with a flexible lower level, private outdoor space, garage parking, and proximity to Platt Park amenities.
Where is this duplex located?
The property is located at 2071 S Grant St Denver, CO.
What is the asking price?
The asking price for this property is $1,090,000.
What are key features of this property?
This property features: Remodeled duplex with basement finished in 2024; Four bedrooms and three full bathrooms, including a primary five‑piece bath; Quartz kitchen with custom wood cabinetry and Fisher & Paykel and Dacor appliances
