Duplex with Rooftop
For Sale
$1,250,000
2364 W 33rd Ave, Denver, CO 80211
Updated duplex featuring multiple private outdoor areas, an open interior layout, and flexible upper-level living space.
Property Size2,518 SF
Days on Market17
Property Features for 2364 W 33rd Ave
General Information
Standard status
Active
Size
2,518 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$6,277
Amenities
raised front patio
private side yard
rooftop terrace
private balcony
custom rooftop pergola
chef's kitchen
built-in coffee maker
fireplace
5-piece bath
walk-in closet
wet bar
wine cellar
full serving bar
spacious lounge
private half bath
Building Details
Building Size
2,518 SF
Year Built
2012
Listing Agency:
Hatch Realty, LLC
(303) 317-5758
Listed By:
Jeffrey Plous
(303) 317-5758
Source:
Corken
Added: Aug 13
Changed: Aug 28
Last Checked: Aug 29 at 1:59PM
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 Hatch Realty, LLC
Investment Insights
Based on property information with market context.
This 2012-built duplex combines an open interior plan with extensive private outdoor areas, including a raised front patio, side yard, private balcony, and rooftop terrace beneath a custom pergola. The main living areas center on a chef’s kitchen with a built-in coffee maker and adjoining spaces suited to everyday living or entertaining.
Two bedroom suites occupy the second level. The primary suite includes a fireplace, five-piece bathroom, walk-in closet, and balcony, while the second suite provides an additional private bedroom arrangement. The third level adds a wet bar and open gathering area with access to the roof terrace. A finished basement includes a wine cellar, full serving bar, lounge, and half bath.
The property is located near LoHi restaurants, boutique shopping, and nightlife, with access to Downtown Denver, I-25, and I-70.
Two bedroom suites occupy the second level. The primary suite includes a fireplace, five-piece bathroom, walk-in closet, and balcony, while the second suite provides an additional private bedroom arrangement. The third level adds a wet bar and open gathering area with access to the roof terrace. A finished basement includes a wine cellar, full serving bar, lounge, and half bath.
The property is located near LoHi restaurants, boutique shopping, and nightlife, with access to Downtown Denver, I-25, and I-70.
Key Highlights
- Rooftop terrace with custom pergola and wet bar
- Two upper‑level bedroom suites
- Primary suite includes fireplace, five‑piece bath, walk‑in closet, and private balcony
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
$41,846
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
3.35%
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%
$836,920
$836.9K
Cap Rate 7%
$597,800
$597.8K
Cap Rate 9%
$464,956
$465.0K
Market Conditions
NOI Build-Up for 2,518 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
$63.5K $25.20/SF
− Vacancy
−$3.7K −$1.46/SF
EGI
$59.8K $23.74/SF
− OpEx
−$17.9K −$7.12/SF
NOI
$41.8K $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%
$836,920
Cap Rate 7%
$597,800
Cap Rate 9%
$464,956
Alternative Uses
Best Use
Multifamily LT 5
$597.8K
$523.1K – $697.4K
NOI $41,846 @ 7.0% cap · market cap 3.35%
Second Best
Apartment 5plus
$546.2K
$477.9K – $637.2K
NOI $38,232 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$801.6K
$701.4K – $935.2K
NOI $56,110 @ 7.0% cap · market cap 4.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,028
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
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 - Updated duplex featuring multiple private outdoor areas, an open interior layout, and flexible upper-level living space.
Where is this duplex located?
The property is located at 2364 W 33rd Ave Denver, CO.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Rooftop terrace with custom pergola and wet bar; Two upper‑level bedroom suites; Primary suite includes fireplace, five‑piece bath, walk‑in closet, and private balcony
