New Construction Duplex with Designer
For Sale
$1,250,000
2525 Harlan St, Denver, CO 80214
Newly built residential income property featuring an open kitchen, finished lower level, and premium mechanical systems.
Property Size3,307 SF
Days on Market12
Property Features for 2525 Harlan St
General Information
Standard status
Active
Size
3,307 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,781
Building Details
Building Size
3,307 SF
Year Built
2026
Listing Agency:
Compass - Denver
(720) 666-4572
Listed By:
Sarah Clark
(720) 666-4572
Source:
Corken
Added: Aug 18
Changed: Aug 29
Last Checked: Aug 29 at 11:47AM
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 Compass - Denver
Investment Insights
Based on property information with market context.
This duplex property was built in 2026 and features a five-bedroom, four-bath residential layout with white oak flooring, quartz countertops, custom cabinetry, and a plaster fireplace. The open kitchen includes a 6-burner Z-Line range and KitchenAid appliances, with direct connection to the dining and main living areas. A main-floor office provides additional flexibility, while the lower level includes pre-wiring for surround sound and a wet bar. Upstairs, the primary suite has a 5-piece bath, and two additional bedrooms share a Jack-and-Jill bath.
Property systems include a tankless water heater, two-zone high-efficiency HVAC, and Class 4 impact-resistant shingles. Large slider doors connect the living area to the backyard. The property is located at 2525 Harlan St in Denver, near Edgewater, Sloan’s Lake Park, Tennyson Street, and West Highlands, with access to I-70 and biking distance to downtown Denver.
Property systems include a tankless water heater, two-zone high-efficiency HVAC, and Class 4 impact-resistant shingles. Large slider doors connect the living area to the backyard. The property is located at 2525 Harlan St in Denver, near Edgewater, Sloan’s Lake Park, Tennyson Street, and West Highlands, with access to I-70 and biking distance to downtown Denver.
Key Highlights
- 2026 construction with five bedrooms and four baths
- Open kitchen with 6‑burner Z‑Line range, KitchenAid appliances, quartz counters, and custom cabinetry
- Primary suite includes a 5‑piece bath; two bedrooms share a Jack‑and‑Jill bath
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
$54,958
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
4.40%
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%
$1,099,160
$1.1M
Cap Rate 7%
$785,114
$785.1K
Cap Rate 9%
$610,644
$610.6K
Market Conditions
NOI Build-Up for 3,307 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
$83.3K $25.20/SF
− Vacancy
−$4.8K −$1.46/SF
EGI
$78.5K $23.74/SF
− OpEx
−$23.6K −$7.12/SF
NOI
$55.0K $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%
$1,099,160
Cap Rate 7%
$785,114
Cap Rate 9%
$610,644
Alternative Uses
Best Use
Multifamily LT 5
$785.1K
$687.0K – $916.0K
NOI $54,958 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$717.3K
$627.7K – $836.9K
NOI $50,212 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$1.05M
$921.2K – $1.23M
NOI $73,692 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
926
Businesses Nearby
Explore this area
Business Placement
Demographics for 80214, CO
26,493
Population
13,298
Households
2
Avg Household Size
36
Median Age
39%
College-Educated
89%
High-School Grad
4.7 sq mi
ZIP Area
5,637
Density / Sq Mi
$74,259
Median Household Income
$48,094
Median Earnings
$1,516
Median Rent
$519,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Newly built residential income property featuring an open kitchen, finished lower level, and premium mechanical systems.
Where is this duplex located?
The property is located at 2525 Harlan St 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: 2026 construction with five bedrooms and four baths; Open kitchen with 6‑burner Z‑Line range, KitchenAid appliances, quartz counters, and custom cabinetry; Primary suite includes a 5‑piece bath; two bedrooms share a Jack‑and‑Jill bath
