New-Construction
For Sale
$1,649,000
243 S emerson St, Denver, CO 80209
Completed in 2026, the property combines a five-bedroom main residence with a private lower-level suite and separate exterior entrance.
Property Size3,963 SF
Lot Size0.08 Acres
Price / SF$412.25
Days on Market26
Property Features for 243 S emerson St
General Information
Standard status
Active
Size
3,963 SF
Total Parking Spaces
3
Lot size
0.08 Acres
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$3,000
Amenities
rooftop deck
yard
fireplace
smart-home
built-in audio speakers
security cameras
Building Details
Building Size
3,963 SF
Year Built
2026
Buildings
1
Listing Agency:
BLVD Real Estate Group, LLC
(720) 219-1693
Listed By:
Sunitha Alli
(720) 219-1693
Source:
Guidere
Added: Jul 17
Changed: Aug 11
Last Checked: Aug 10 at 9:23AM
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 BLVD Real Estate Group, LLC
Investment Insights
Based on property information with market context.
This 2026-built duplex at 243 S Emerson St. offers nearly 4,000 square feet across a five-bedroom, 4.5-bath configuration. The main residence includes a private study or dining room, loft, rooftop deck, chef’s kitchen, great room, primary suite with balcony, and a top-floor bedroom with panoramic views. The lower level has 10-foot ceilings, a family or theater room, wet bar, fireplace, ensuite bedroom, dedicated laundry, and its own exterior entrance. Two HVAC systems, two laundry areas, smart-home controls, built-in audio, and security cameras are included.
The property sits on a 3,550-square-foot lot with a spacious yard, extra-height two-car garage, and additional parking pad. Washington Park is four blocks away, placing the residence within walking distance of the park. The lower-level suite also includes a washer and dryer, dishwasher, mini refrigerator, and private access for flexible occupancy or rental use.
The property sits on a 3,550-square-foot lot with a spacious yard, extra-height two-car garage, and additional parking pad. Washington Park is four blocks away, placing the residence within walking distance of the park. The lower-level suite also includes a washer and dryer, dishwasher, mini refrigerator, and private access for flexible occupancy or rental use.
Key Highlights
- 2026 construction with nearly 4,000 sq. ft. and 5 bedrooms
- Private lower‑level suite with exterior entrance, ensuite bedroom, wet bar, and dedicated laundry
- 3,550 sq. ft. lot with spacious yard, extra‑height 2‑car garage, and parking pad
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
$66,475
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
4.03%
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%
$1,329,500
$1.3M
Cap Rate 7%
$949,643
$949.6K
Cap Rate 9%
$738,611
$738.6K
Market Conditions
NOI Build-Up for 4,000 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
$100.8K $25.20/SF
− Vacancy
−$5.8K −$1.46/SF
EGI
$95.0K $23.74/SF
− OpEx
−$28.5K −$7.12/SF
NOI
$66.5K $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%
$1,329,500
Cap Rate 7%
$949,643
Cap Rate 9%
$738,611
Alternative Uses
Best Use
Multifamily LT 5
$949.6K
$830.9K – $1.11M
NOI $66,475 @ 7.0% cap · market cap 4.03%
Second Best
Apartment 5plus
$867.6K
$759.2K – $1.01M
NOI $60,735 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$1.27M
$1.11M – $1.49M
NOI $89,134 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,176
Businesses Nearby
Explore this area
Business Placement
Demographics for 80209, CO
27,061
Population
16,045
Households
1.7
Avg Household Size
38
Median Age
80%
College-Educated
99%
High-School Grad
3.5 sq mi
ZIP Area
7,732
Density / Sq Mi
$118,759
Median Household Income
$81,604
Median Earnings
$1,981
Median Rent
$971,500
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 - Completed in 2026, the property combines a five-bedroom main residence with a private lower-level suite and separate exterior entrance.
Where is this duplex located?
The property is located at 243 S emerson St Denver, CO.
What is the asking price?
The asking price for this property is $1,649,000.
What are key features of this property?
This property features: 2026 construction with nearly 4,000 sq. ft. and 5 bedrooms; Private lower‑level suite with exterior entrance, ensuite bedroom, wet bar, and dedicated laundry; 3,550 sq. ft. lot with spacious yard, extra‑height 2‑car garage, and parking pad
