Contemporary Duplex with Rooftop
For Sale
$1,099,000
2151 Julian St, Denver, CO 80211
Updated Denver residence offers oak floors, gourmet kitchen, private yard, and detached garage.
Property Size2,463 SF
Days on Market17
Property Features for 2151 Julian St
General Information
Standard status
Active
Size
2,463 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,380
Amenities
hardwood floors
gourmet kitchen
wet bar
rooftop deck
fire pit
tankless water heater
whole-house water filter
Building Details
Building Size
2,463 SF
Year Built
2014
Buildings
1
Construction
Contemporary
Listing Agency:
Epique Realty
(303) 304-7460
Listed By:
Tammi Hoerner · License #100086146
(303) 304-7460
Source:
Guidere
Added: Aug 13
Changed: Aug 17
Last Checked: Aug 29 at 4:09PM
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 Epique Realty
Investment Insights
Based on property information with market context.
Built in 2014, this contemporary duplex features solid oak flooring, tall ceilings, abundant natural light, and a thoughtfully updated interior. The kitchen includes a large island, Bosch appliances, marble countertops, gas cooktop, and ample storage. The second floor contains the primary suite, laundry, two additional bedrooms, and a full Jack-and-Jill bath. A third-floor loft adds a wet bar, flexible gathering or work space, rooftop access, mountain and city views, plus a fourth bedroom, three-quarter bath, and private balcony.
Exterior amenities include a low-maintenance private yard with a fire pit, water-conserving landscaping, and a 20' two-car detached garage. Recent improvements include new carpet, fresh paint, refinished wood floors, a 2025 refrigerator, 2024 mini-splits with heat pump, 2022 air conditioning and washer/dryer, a tankless water heater, and a whole-house water filter. Sloan's Lake is less than a 10-minute walk away, with dining, shopping, and lake-oriented recreation nearby.
Exterior amenities include a low-maintenance private yard with a fire pit, water-conserving landscaping, and a 20' two-car detached garage. Recent improvements include new carpet, fresh paint, refinished wood floors, a 2025 refrigerator, 2024 mini-splits with heat pump, 2022 air conditioning and washer/dryer, a tankless water heater, and a whole-house water filter. Sloan's Lake is less than a 10-minute walk away, with dining, shopping, and lake-oriented recreation nearby.
Key Highlights
- Contemporary duplex built in 2014
- Rooftop deck with city and mountain views
- Gourmet kitchen with Bosch appliances and marble counters
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
$40,932
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
3.72%
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%
$818,640
$818.6K
Cap Rate 7%
$584,743
$584.7K
Cap Rate 9%
$454,800
$454.8K
Market Conditions
NOI Build-Up for 2,463 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
$62.1K $25.20/SF
− Vacancy
−$3.6K −$1.46/SF
EGI
$58.5K $23.74/SF
− OpEx
−$17.5K −$7.12/SF
NOI
$40.9K $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%
$818,640
Cap Rate 7%
$584,743
Cap Rate 9%
$454,800
Alternative Uses
Best Use
Multifamily LT 5
$584.7K
$511.7K – $682.2K
NOI $40,932 @ 7.0% cap · market cap 3.72%
Second Best
Apartment 5plus
$534.2K
$467.5K – $623.3K
NOI $37,397 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$784.1K
$686.1K – $914.7K
NOI $54,884 @ 7.0% cap · market cap 4.99%
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
1,260
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 - Updated Denver residence offers oak floors, gourmet kitchen, private yard, and detached garage.
Where is this duplex located?
The property is located at 2151 Julian St Denver, CO.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Contemporary duplex built in 2014; Rooftop deck with city and mountain views; Gourmet kitchen with Bosch appliances and marble counters
