New Construction
For Sale
$1,295,000
2090 Eliot St, Denver, CO 80211
Contemporary duplex with skyline views, finished basement space, rooftop deck, private garage, and two laundry areas.
Property Size3,027 SF
Days on Market480
Property Features for 2090 Eliot St
General Information
Standard status
Active
Size
3,027 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,090
Amenities
rooftop deck
private garage
laundry areas
Building Details
Building Size
3,027 SF
Year Built
2025
Listing Agency:
MODUS Real Estate
(303) 520-5144
Listed By:
Kris Berton
(303) 520-5144
Source:
Corken
Added: May 7, 2025
Changed: Aug 29
Last Checked: Aug 29 at 6:01PM
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.
Completed in 2025, this contemporary duplex combines an open-concept interior with upgraded finishes and expansive city views. The property includes a gourmet kitchen, a primary suite with a spa-style bathroom and walk-in closet, and a fully finished basement with a fourth bedroom and flexible recreational space. A rooftop deck and additional outdoor areas extend the usable living environment, while a private garage and two laundry areas add functional convenience.
The property is in Denver’s Jefferson Park neighborhood, within walking distance of restaurants, shops, and parks. Highway access is also nearby, and downtown skyline views contribute to the property’s urban setting.
The property is in Denver’s Jefferson Park neighborhood, within walking distance of restaurants, shops, and parks. Highway access is also nearby, and downtown skyline views contribute to the property’s urban setting.
Key Highlights
- New construction completed in 2025
- Downtown skyline views from the residence and rooftop deck
- Fully finished basement with fourth bedroom and flexible recreation space
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
$50,305
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
3.88%
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%
$1,006,100
$1.0M
Cap Rate 7%
$718,643
$718.6K
Cap Rate 9%
$558,944
$558.9K
Market Conditions
NOI Build-Up for 3,027 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
$76.3K $25.20/SF
− Vacancy
−$4.4K −$1.46/SF
EGI
$71.9K $23.74/SF
− OpEx
−$21.6K −$7.12/SF
NOI
$50.3K $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%
$1,006,100
Cap Rate 7%
$718,643
Cap Rate 9%
$558,944
Alternative Uses
Best Use
Multifamily LT 5
$718.6K
$628.8K – $838.4K
NOI $50,305 @ 7.0% cap · market cap 3.88%
Second Best
Apartment 5plus
$656.6K
$574.5K – $766.0K
NOI $45,961 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$963.6K
$843.2K – $1.12M
NOI $67,452 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,520
Businesses Nearby
Explore this area
Business Placement
Demographics for 80211, CO
37,940
Population
20,973
Households
1.8
Avg Household Size
34
Median Age
71%
College-Educated
92%
High-School Grad
4.5 sq mi
ZIP Area
8,431
Density / Sq Mi
$117,685
Median Household Income
$78,573
Median Earnings
$1,931
Median Rent
$747,800
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 - Contemporary duplex with skyline views, finished basement space, rooftop deck, private garage, and two laundry areas.
Where is this duplex located?
The property is located at 2090 Eliot St Denver, CO.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: New construction completed in 2025; Downtown skyline views from the residence and rooftop deck; Fully finished basement with fourth bedroom and flexible recreation space
