Luxury Duplex with Private
For Sale
$1,395,000
2159 Osceola St, Denver, CO 80212
Sophisticated multi-level residence with elevated entertaining areas, private outdoor spaces, and a detached two-car garage.
Property Size3,526 SF
Days on Market17
Property Features for 2159 Osceola St
General Information
Standard status
Active
Size
3,526 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$7,819
Building Details
Building Size
3,526 SF
Year Built
2008
Listing Agency:
CO Home Base, LLC
(720) 432-4126
Listed By:
Michelle Pride
(720) 432-4126
Source:
Guidere
Added: Aug 13
Changed: Aug 21
Last Checked: Aug 29 at 2:21PM
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 CO Home Base, LLC
Investment Insights
Based on property information with market context.
This four-level duplex property combines expansive gathering areas with separated private retreats. Interior features include an open kitchen with quartz countertops, prep sink, and stainless steel appliances; an 18-foot ceiling with stacked windows and remote-controlled blinds; multiple living areas; a wet bar; a laundry room with utility sink; and a basement recreation room with a custom wet bar. An elevator serves the levels, while the primary suite includes a five-piece bathroom, jetted tub, steam shower, and access to a private patio with mountain views.
Outdoor amenities include a low-maintenance turf yard, several gathering areas, private balconies and patios, and an oversized detached two-car garage. The property is located at 2159 Osceola St, Denver, CO 80212, and was built in 2008.
Outdoor amenities include a low-maintenance turf yard, several gathering areas, private balconies and patios, and an oversized detached two-car garage. The property is located at 2159 Osceola St, Denver, CO 80212, and was built in 2008.
Key Highlights
- Four‑level duplex property with elevator access
- Open kitchen with quartz countertops, prep sink, and stainless steel appliances
- 18‑foot ceiling with stacked windows and remote‑controlled blinds
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
$58,597
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
4.20%
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%
$1,171,940
$1.2M
Cap Rate 7%
$837,100
$837.1K
Cap Rate 9%
$651,078
$651.1K
Market Conditions
NOI Build-Up for 3,526 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
$88.9K $25.20/SF
− Vacancy
−$5.1K −$1.46/SF
EGI
$83.7K $23.74/SF
− OpEx
−$25.1K −$7.12/SF
NOI
$58.6K $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%
$1,171,940
Cap Rate 7%
$837,100
Cap Rate 9%
$651,078
Alternative Uses
Best Use
Multifamily LT 5
$837.1K
$732.5K – $976.6K
NOI $58,597 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$764.8K
$669.2K – $892.3K
NOI $53,537 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$1.12M
$982.2K – $1.31M
NOI $78,572 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
716
Businesses Nearby
Explore this area
Business Placement
Demographics for 80212, CO
20,397
Population
10,870
Households
1.9
Avg Household Size
38
Median Age
64%
College-Educated
96%
High-School Grad
3.6 sq mi
ZIP Area
5,666
Density / Sq Mi
$118,692
Median Household Income
$76,379
Median Earnings
$1,714
Median Rent
$705,300
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 - Sophisticated multi-level residence with elevated entertaining areas, private outdoor spaces, and a detached two-car garage.
Where is this duplex located?
The property is located at 2159 Osceola St Denver, CO.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Four‑level duplex property with elevator access; Open kitchen with quartz countertops, prep sink, and stainless steel appliances; 18‑foot ceiling with stacked windows and remote‑controlled blinds
