Duplex with Rooftop
New
For Sale
$1,150,000
2115 Eliot St, Denver, CO 80211
Contemporary urban property with multiple living levels, private outdoor areas, and an insulated two-car garage.
Property Size3,155 SF
Days on Market3
Property Features for 2115 Eliot St
General Information
Standard status
Active
Size
3,155 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,177
Amenities
gas fireplace
private back patio
private balcony
rooftop deck
recreation room
private yard
gardens
laundry
wet bar
Building Details
Building Size
3,155 SF
Year Built
2015
Buildings
1
Stories
4
Construction
contemporary
Listing Agency:
LIV Sotheby's International Realty
Listed By:
Josh Behr · License #100022951
(303) 903-9535
Source:
Corken
Added: Sep 6
Last Checked: Sep 7 at 7:14AM
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 LIV Sotheby's International Realty
Investment Insights
Based on property information with market context.
Built in 2015, this contemporary duplex residence provides more than 3,100 finished square feet arranged across four levels. Interior features include hardwood flooring, an open living and dining area, a kitchen with quartz countertops, high-end cabinetry, stainless steel appliances, and bar seating, plus a gas fireplace. The home also includes a dedicated office, four bedrooms, multiple full bathrooms, laundry, a loft with wet bar, and a finished lower-level recreation room.
Outdoor amenities include a private back patio, landscaped front yard, gardens, a primary-suite balcony, and a rooftop deck with city views. The property also has an insulated two-car garage. Located at 2115 Eliot St in Denver, the residence is one block from Jefferson Park and minutes from the Highlands, LoDo, Empower Field, restaurants, cafes, and neighborhood amenities.
Outdoor amenities include a private back patio, landscaped front yard, gardens, a primary-suite balcony, and a rooftop deck with city views. The property also has an insulated two-car garage. Located at 2115 Eliot St in Denver, the residence is one block from Jefferson Park and minutes from the Highlands, LoDo, Empower Field, restaurants, cafes, and neighborhood amenities.
Key Highlights
- >3,100 finished square feet across four levels
- Built in 2015
- Four bedrooms and multiple full bathrooms
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
$52,432
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
4.56%
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%
$1,048,640
$1.0M
Cap Rate 7%
$749,029
$749.0K
Cap Rate 9%
$582,578
$582.6K
Market Conditions
NOI Build-Up for 3,155 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
$79.5K $25.20/SF
− Vacancy
−$4.6K −$1.46/SF
EGI
$74.9K $23.74/SF
− OpEx
−$22.5K −$7.12/SF
NOI
$52.4K $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%
$1,048,640
Cap Rate 7%
$749,029
Cap Rate 9%
$582,578
Alternative Uses
Best Use
Multifamily LT 5
$749.0K
$655.4K – $873.9K
NOI $52,432 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$684.3K
$598.8K – $798.4K
NOI $47,904 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$1.00M
$878.8K – $1.17M
NOI $70,305 @ 7.0% cap · market cap 6.11%
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
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 urban property with multiple living levels, private outdoor areas, and an insulated two-car garage.
Where is this duplex located?
The property is located at 2115 Eliot St Denver, CO.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: >3,100 finished square feet across four levels; Built in 2015; Four bedrooms and multiple full bathrooms
