Remodeled Duplex with Shared
For Sale
$435,000
2103 S Lafayette St, Denver, CO 80210
Two townhome-style units offer updated interiors, private outdoor areas, and convenient shared storage.
Property Size1,396 SF
Days on Market303
Property Features for 2103 S Lafayette St
General Information
Standard status
Active
Size
1,396 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,500
Amenities
brand-new kitchen cabinets
stainless steel appliances
refinished oak hardwood floors
updated lighting
washer and dryer
partial finished basement
new fencing
private backyard
covered porch
updated bathroom
Building Details
Building Size
1,396 SF
Year Built
1929
Listing Agency:
MODUS Real Estate
(303) 229-6582
Listed By:
Skyler Moore
(303) 229-6582
Source:
Guidere
Added: Oct 31, 2025
Changed: Aug 28
Last Checked: Aug 29 at 4:14PM
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 duplex is being configured as two townhome-style residences, each with 2 bedrooms and 1 updated bathroom featuring a new shower, fixtures, and tile. Recent improvements include new kitchen cabinetry, stainless steel appliances, refinished oak hardwood floors, and updated lighting. A partially finished basement provides storage and houses newer laundry equipment.
Outdoor features include newly installed fencing, private backyard space, and covered porches at both the front and rear. The property also includes a shared rear garage for storage, along with parking areas on both sides. Built in 1929, the duplex is located at 2103 S Lafayette St in Denver’s DU neighborhood.
Outdoor features include newly installed fencing, private backyard space, and covered porches at both the front and rear. The property also includes a shared rear garage for storage, along with parking areas on both sides. Built in 1929, the duplex is located at 2103 S Lafayette St in Denver’s DU neighborhood.
Key Highlights
- Two‑unit duplex configuration with 2 bedrooms and 1 updated bathroom per residence
- New kitchen cabinets, stainless steel appliances, and updated lighting
- Refinished oak hardwood floors throughout the remodeled interiors
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
$23,200
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
5.33%
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%
$464,000
$464.0K
Cap Rate 7%
$331,429
$331.4K
Cap Rate 9%
$257,778
$257.8K
Market Conditions
NOI Build-Up for 1,396 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
$35.2K $25.20/SF
− Vacancy
−$2.0K −$1.46/SF
EGI
$33.1K $23.74/SF
− OpEx
−$9.9K −$7.12/SF
NOI
$23.2K $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%
$464,000
Cap Rate 7%
$331,429
Cap Rate 9%
$257,778
Alternative Uses
Best Use
Multifamily LT 5
$331.4K
$290.0K – $386.7K
NOI $23,200 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$302.8K
$265.0K – $353.3K
NOI $21,196 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$444.4K
$388.9K – $518.5K
NOI $31,108 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,064
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 - Two townhome-style units offer updated interiors, private outdoor areas, and convenient shared storage.
Where is this duplex located?
The property is located at 2103 S Lafayette St Denver, CO.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Two‑unit duplex configuration with 2 bedrooms and 1 updated bathroom per residence; New kitchen cabinets, stainless steel appliances, and updated lighting; Refinished oak hardwood floors throughout the remodeled interiors
