Two-Unit Duplex with Detached
For Sale
$575,000
2308 - 2314 Newport Street, Denver, CO 80207
Both residences feature spacious two-bedroom layouts and a full bathroom, with long-term tenants interested in remaining.
Property Size1,738 SF
Days on Market32
Property Features for 2308 - 2314 Newport Street
General Information
Standard status
Active
Size
1,738 SF
Total Parking Spaces
2
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$3,030
Building Details
Building Size
1,738 SF
Year Built
1948
Tenancy
Multi
Listing Agency:
Coldwell Banker Global Luxury Denver
Listed By:
P. J. Farrell
(303) 758-7611
Source:
Guidere
Added: Sep 9
Changed: Oct 4
Last Checked: Oct 10 at 12:54AM
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 Coldwell Banker Global Luxury Denver
Investment Insights
Based on property information with market context.
Built in 1948, this duplex includes two separate residences, each arranged with two bedrooms and one full bathroom. The property also includes a detached garage with capacity for two vehicles.
Long-term tenants occupy the units and have expressed interest in continuing their tenancy. Located at 2308–2314 Newport Street in Denver, the property offers an established residential income configuration in the 80207 area.
Long-term tenants occupy the units and have expressed interest in continuing their tenancy. Located at 2308–2314 Newport Street in Denver, the property offers an established residential income configuration in the 80207 area.
Key Highlights
- Two separate units, each with 2 bedrooms and 1 full bath
- Detached 2‑car garage
- Built in 1948
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,883
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,660
$577.7K
Cap Rate 7%
$412,614
$412.6K
Cap Rate 9%
$320,922
$320.9K
Market Conditions
NOI Build-Up for 1,738 SF
Gross rent
$43.8K $25.20/SF
− Vacancy
−$2.5K −$1.46/SF
EGI
$41.3K $23.74/SF
− OpEx
−$12.4K −$7.12/SF
NOI
$28.9K $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 Rate 5%
$577,660
Cap Rate 7%
$412,614
Cap Rate 9%
$320,922
Alternative Uses
Best Use
Multifamily LT 5
$412.6K
$361.0K – $481.4K
NOI $28,883 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$377.0K
$329.9K – $439.8K
NOI $26,389 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$553.3K
$484.1K – $645.5K
NOI $38,729 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
654
Businesses Nearby
Explore this area
Business Placement
Demographics for 80207, CO
21,170
Population
9,291
Households
2.3
Avg Household Size
38
Median Age
61%
College-Educated
93%
High-School Grad
3.9 sq mi
ZIP Area
5,428
Density / Sq Mi
$112,325
Median Household Income
$71,163
Median Earnings
$1,819
Median Rent
$661,900
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 - Both residences feature spacious two-bedroom layouts and a full bathroom, with long-term tenants interested in remaining.
Where is this duplex located?
The property is located at 2308 - 2314 Newport Street Denver, CO.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two separate units, each with 2 bedrooms and 1 full bath; Detached 2‑car garage; Built in 1948
