Spanish-Style Duplex with Detached
For Sale
$1,100,000
Pending
2170 S Clarkson St, Denver, CO 80210
Updated interiors feature flexible living space, en-suite bedrooms, and a landscaped outdoor retreat.
Property Size2,969 SF
Days on Market18
Property Features for 2170 S Clarkson St
General Information
Standard status
Pending
Size
2,969 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$5,803
Building Details
Building Size
2,969 SF
Year Built
2006
Listing Agency:
Compass - Denver
Listed By:
Samantha Dardano · License #001323322
(303) 523-0833
Source:
Guidere
Added: Sep 10
Changed: Sep 25
Last Checked: Sep 26 at 2:29PM
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 Compass - Denver
Investment Insights
Based on property information with market context.
This Spanish-style duplex, built in 2006, combines a red tile roof with a detached two-car garage and extensively updated interior finishes. The four-bedroom residence includes 18-foot living room ceilings, tall arched windows and doors, new flooring, an updated fireplace, new kitchen countertops, and an induction stove. A main-level bedroom with French doors can also function as an office or flex room. Upstairs bedrooms include en-suite bathrooms, vaulted ceilings, and spacious walk-in closets; one bathroom has a jetted tub. The primary suite adds a Juliet balcony, gas fireplace, and built-in sound system. A basement bonus room and additional bedroom expand the usable living area.
Outdoor features include a flagstone patio with pergola and garden beds, plus a side turf yard with an arbor and trumpet vines. The property is near Harvard Gulch Park and Golf Course, the Sunday Farmers Market, S Pearl Street shops and restaurants, the University of Denver, Evans light rail station, I-25, and Cherry Creek North.
Outdoor features include a flagstone patio with pergola and garden beds, plus a side turf yard with an arbor and trumpet vines. The property is near Harvard Gulch Park and Golf Course, the Sunday Farmers Market, S Pearl Street shops and restaurants, the University of Denver, Evans light rail station, I-25, and Cherry Creek North.
Key Highlights
- Spanish‑style duplex built in 2006 with red tile roof
- Detached 2‑car garage
- Four‑bedroom layout with basement bonus room and additional bedroom
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
$49,341
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
4.49%
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%
$986,820
$986.8K
Cap Rate 7%
$704,871
$704.9K
Cap Rate 9%
$548,233
$548.2K
Market Conditions
NOI Build-Up for 2,969 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
$74.8K $25.20/SF
− Vacancy
−$4.3K −$1.46/SF
EGI
$70.5K $23.74/SF
− OpEx
−$21.1K −$7.12/SF
NOI
$49.3K $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%
$986,820
Cap Rate 7%
$704,871
Cap Rate 9%
$548,233
Alternative Uses
Best Use
Multifamily LT 5
$704.9K
$616.8K – $822.4K
NOI $49,341 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$644.0K
$563.5K – $751.3K
NOI $45,080 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$945.1K
$827.0K – $1.10M
NOI $66,160 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,299
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Updated interiors feature flexible living space, en-suite bedrooms, and a landscaped outdoor retreat.
Where is this duplex located?
The property is located at 2170 S Clarkson St Denver, CO.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Spanish‑style duplex built in 2006 with red tile roof; Detached 2‑car garage; Four‑bedroom layout with basement bonus room and additional bedroom
