New Construction Half-Duplex
For Sale
$999,000
2362 S Cherokee St, Denver, CO 80223
Completed in 2026, the residence includes designer finishes, a finished basement, and a detached two-car garage.
Property Size2,776 SF
Days on Market53
Property Features for 2362 S Cherokee St
General Information
Standard status
Active
Size
2,776 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Sprinkler System
Yes
Multifamily Units
2
Amenities
finished basement
rec room
wet bar
gas connection for grill
video doorbell
energy recovery ventilator
waste water heat recovery system
Building Details
Building Size
2,776 SF
Year Built
2026
Buildings
1
Listing Agency:
HomeSmart
Listed By:
Ryan Borger · License #100044830
(303) 929-8722
Source:
Guidere
Added: Sep 1
Changed: Oct 11
Last Checked: Oct 21 at 7:06AM
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 HomeSmart
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Investment Insights
Based on property information with market context.
This newly constructed half-duplex residence in Denver offers four bedrooms, four bathrooms, a main-level office, and a finished basement with a recreation room, wet bar, bedroom, and walk-in closet. The interior includes solid oak hardwood floors, vaulted wood ceilings in the primary suite, a linear gas fireplace, custom iron details, contemporary railings, and eight-foot doors on the main and second floors. The kitchen features soft-close cabinetry, quartzite counters, an eat-in waterfall island, undercabinet lighting, and a closet-style pantry. The five-piece primary bath adds heated tile floors, a soaker tub, and a large shower with dual rain heads and a hand sprayer.
Energy-focused improvements include an ERV ventilation system, wastewater heat recovery, R30 wall insulation, R60 attic insulation, a tankless water heater, and a Wi-Fi thermostat. A detached two-car garage includes EV wiring and a smart opener with built-in camera functionality. Appliances, washer, and dryer are included. The property also has a sprinkler system, video doorbell, patio grill connection, and no HOA.
Energy-focused improvements include an ERV ventilation system, wastewater heat recovery, R30 wall insulation, R60 attic insulation, a tankless water heater, and a Wi-Fi thermostat. A detached two-car garage includes EV wiring and a smart opener with built-in camera functionality. Appliances, washer, and dryer are included. The property also has a sprinkler system, video doorbell, patio grill connection, and no HOA.
Key Highlights
- 2026 new construction half‑duplex residence
- Four bedrooms, four bathrooms, main‑floor office, and finished basement
- Finished basement includes recreation room, wet bar, bedroom, and walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,150
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$843,000
$843.0K
Cap Rate 7%
$602,143
$602.1K
Cap Rate 9%
$468,333
$468.3K
Market Conditions
NOI Build-Up for 2,776 SF
Gross rent
$81.6K $29.40/SF
− Vacancy
−$5.0K −$1.79/SF
EGI
$76.6K $27.61/SF
− OpEx
−$34.5K −$12.42/SF
NOI
$42.1K $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 Rate 5%
$843,000
Cap Rate 7%
$602,143
Cap Rate 9%
$468,333
Alternative Uses
Best Use
Apartment 5plus
$602.1K
$526.9K – $702.5K
NOI $42,150 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$883.7K
$773.2K – $1.03M
NOI $61,859 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,086
Businesses Nearby
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Business Placement
Demographics for 80223, CO
19,862
Population
9,532
Households
2.1
Avg Household Size
34
Median Age
46%
College-Educated
87%
High-School Grad
5.3 sq mi
ZIP Area
3,748
Density / Sq Mi
$80,461
Median Household Income
$50,567
Median Earnings
$1,650
Median Rent
$497,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Completed in 2026, the residence includes designer finishes, a finished basement, and a detached two-car garage.
Where is this residential income property located?
The property is located at 2362 S Cherokee St Denver, CO.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 2026 new construction half‑duplex residence; Four bedrooms, four bathrooms, main‑floor office, and finished basement; Finished basement includes recreation room, wet bar, bedroom, and walk‑in closet
