Brick Duplex with Private
For Sale
$765,000
2122 W 41st Ave, Denver, CO 80211
Two-level layout includes multiple bedrooms, full baths, laundry, storage, and a one-car garage.
Property Size1,554 SF
Days on Market77
Property Features for 2122 W 41st Ave
General Information
Standard status
Active
Size
1,554 SF
Total Parking Spaces
1
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,929
Building Details
Building Size
1,554 SF
Year Built
1958
Construction
brick
Listing Agency:
West and Main Homes Inc
(303) 709-3828
Listed By:
Becky Elhardt
(303) 709-3828
Source:
Corken
Added: Jun 17
Changed: Aug 30
Last Checked: Aug 31 at 9:29PM
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 West and Main Homes Inc
Investment Insights
Based on property information with market context.
Built in 1958, this brick duplex features a row house-style configuration set back from the street. The main floor combines living and kitchen areas with abundant windows and tree views. Two bedrooms and a full bathroom are located upstairs, while the lower level includes two additional bedrooms, another full bathroom, a nonconforming bedroom with closet, plus laundry and storage space. Polished concrete floors finish the lower level. Outdoor features include a covered entry, mature trees, a perennial yard, and a shaded rear patio. A one-car garage connects to the back kitchen entrance by a private path.
Located in Denver’s Sunnyside neighborhood, the property is near walkable streets, locally owned coffee shops, restaurants, and everyday conveniences. The duplex also has an established rental history.
Located in Denver’s Sunnyside neighborhood, the property is near walkable streets, locally owned coffee shops, restaurants, and everyday conveniences. The duplex also has an established rental history.
Key Highlights
- 1958 brick duplex with row house‑style design
- Two upstairs bedrooms and a full bathroom
- Lower level includes two bedrooms, a nonconforming bedroom, full bathroom, laundry, and storage
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
$25,825
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
3.38%
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%
$516,500
$516.5K
Cap Rate 7%
$368,929
$368.9K
Cap Rate 9%
$286,944
$286.9K
Market Conditions
NOI Build-Up for 1,554 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
$39.2K $25.20/SF
− Vacancy
−$2.3K −$1.46/SF
EGI
$36.9K $23.74/SF
− OpEx
−$11.1K −$7.12/SF
NOI
$25.8K $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%
$516,500
Cap Rate 7%
$368,929
Cap Rate 9%
$286,944
Alternative Uses
Best Use
Multifamily LT 5
$368.9K
$322.8K – $430.4K
NOI $25,825 @ 7.0% cap · market cap 3.38%
Second Best
Apartment 5plus
$337.1K
$294.9K – $393.3K
NOI $23,595 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$494.7K
$432.9K – $577.2K
NOI $34,629 @ 7.0% cap · market cap 4.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,151
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 - Two-level layout includes multiple bedrooms, full baths, laundry, storage, and a one-car garage.
Where is this duplex located?
The property is located at 2122 W 41st Ave Denver, CO.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: 1958 brick duplex with row house‑style design; Two upstairs bedrooms and a full bathroom; Lower level includes two bedrooms, a nonconforming bedroom, full bathroom, laundry, and storage
