New-Construction
For Sale
$1,089,000
2339 N Irving, Denver, CO 80211
Three-bedroom residence with rooftop decks, designer finishes, and a detached two-car garage.
Property Size2,242 SF
Price / SF$473.48
Days on Market19
Property Features for 2339 N Irving
General Information
Standard status
Active
Size
2,242 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Multifamily Units
1
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$4,975
Amenities
rooftop deck
patio
wet bar
Building Details
Building Size
2,242 SF
Year Built
2026
Listing Agency:
Apex Real Estate Solutions Llc
Listed By:
Austin Peterson · License #100006643
(720) 495-3516
Source:
Corken
Added: Aug 20
Changed: Sep 6
Last Checked: Sep 7 at 10:06AM
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 Apex Real Estate Solutions Llc
Investment Insights
Based on property information with market context.
This 1/2 duplex is a newly constructed, never-occupied residence offering approximately 2,300 square feet of all above-grade living space. The layout includes three bedrooms, two full baths, two half baths, an open kitchen and living area, high ceilings, and a loft with a wet bar. The primary suite features vaulted ceilings and walk-in closets, while multiple outdoor areas include rooftop decks, a front patio, and a back patio. A detached, alley-loaded two-car garage adds dedicated parking and storage.
Located in Denver’s Sloan’s Lake neighborhood, the property is just blocks from Sloan’s Lake and includes neighborhood and mountain views from the rooftop decks. Additional features include energy-efficient construction, premium designer finishes, a builder’s warranty, and a Certificate of Occupancy in hand. The property was completed under the New Denver Energy Efficiency Code.
Located in Denver’s Sloan’s Lake neighborhood, the property is just blocks from Sloan’s Lake and includes neighborhood and mountain views from the rooftop decks. Additional features include energy-efficient construction, premium designer finishes, a builder’s warranty, and a Certificate of Occupancy in hand. The property was completed under the New Denver Energy Efficiency Code.
Key Highlights
- New construction completed in 2026 with Certificate of Occupancy in hand
- Approximately 2,300 square feet of all above‑grade living space
- Three bedrooms, 2 full baths, and 2 half baths
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
$34,922
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
3.21%
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%
$698,440
$698.4K
Cap Rate 7%
$498,886
$498.9K
Cap Rate 9%
$388,022
$388.0K
Market Conditions
NOI Build-Up for 2,300 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
$67.6K $29.40/SF
− Vacancy
−$4.1K −$1.79/SF
EGI
$63.5K $27.61/SF
− OpEx
−$28.6K −$12.42/SF
NOI
$34.9K $15.18/SF
Area
Denver, CO
Vacancy
6.10%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
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%
$698,440
Cap Rate 7%
$498,886
Cap Rate 9%
$388,022
Alternative Uses
Best Use
Apartment 5plus
$498.9K
$436.5K – $582.0K
NOI $34,922 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$732.2K
$640.7K – $854.2K
NOI $51,252 @ 7.0% cap · market cap 4.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,393
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom residence with rooftop decks, designer finishes, and a detached two-car garage.
Where is this residential income property located?
The property is located at 2339 N Irving Denver, CO.
What is the asking price?
The asking price for this property is $1,089,000.
What are key features of this property?
This property features: New construction completed in 2026 with Certificate of Occupancy in hand; Approximately 2,300 square feet of all above‑grade living space; Three bedrooms, 2 full baths, and 2 half baths
