Brick Duplex with Updated
For Sale
$707,000
26 Newland Court, Denver, CO 80226
Two matching ranch-style residences offer flexible occupancy and rental use.
Property Size2,055 SF
Days on Market79
Property Features for 26 Newland Court
General Information
Standard status
Active
Size
2,055 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Building Size
2,055 SF
Year Built
1962
Buildings
1
Construction
brick ranch
Listing Agency:
Light On Realty
(303) 584-9401
Listed By:
Matthew Lasater · License #5739562
(303) 584-9401
Source:
Anderson-alliance.kw
Added: Jun 15
Changed: Aug 31
Last Checked: Aug 31 at 12:31PM
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 Light On Realty
Investment Insights
Based on property information with market context.
This 1962 brick ranch duplex contains two residences with matching layouts and comparable finishes. Each unit provides three bedrooms and one bathroom. Unit 26 has received new carpet, fresh paint, newer appliances, and updated kitchen flooring, creating a refreshed condition for an owner-occupant or incoming tenant.
Unit 28 is leased through June 2027, while Unit 26 is available for occupancy or leasing. The durable brick exterior provides a low-maintenance building envelope. The property is identified at 26 Newland Court in Denver, Colorado, with shopping, dining, entertainment, and park access referenced nearby.
Unit 28 is leased through June 2027, while Unit 26 is available for occupancy or leasing. The durable brick exterior provides a low-maintenance building envelope. The property is identified at 26 Newland Court in Denver, Colorado, with shopping, dining, entertainment, and park access referenced nearby.
Key Highlights
- Duplex with two 3‑bedroom, 1‑bath units
- 1962 construction with a durable brick exterior
- Unit 28 leased through June 2027
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
$34,151
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
4.83%
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%
$683,020
$683.0K
Cap Rate 7%
$487,871
$487.9K
Cap Rate 9%
$379,456
$379.5K
Market Conditions
NOI Build-Up for 2,055 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
$51.8K $25.20/SF
− Vacancy
−$3.0K −$1.46/SF
EGI
$48.8K $23.74/SF
− OpEx
−$14.6K −$7.12/SF
NOI
$34.2K $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%
$683,020
Cap Rate 7%
$487,871
Cap Rate 9%
$379,456
Alternative Uses
Best Use
Multifamily LT 5
$487.9K
$426.9K – $569.2K
NOI $34,151 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$445.7K
$390.0K – $520.0K
NOI $31,202 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$654.2K
$572.4K – $763.2K
NOI $45,793 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,258
Businesses Nearby
Explore this area
Business Placement
Demographics for 80226, CO
33,142
Population
14,742
Households
2.2
Avg Household Size
37
Median Age
38%
College-Educated
90%
High-School Grad
8.1 sq mi
ZIP Area
4,092
Density / Sq Mi
$78,466
Median Household Income
$44,640
Median Earnings
$1,738
Median Rent
$547,000
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 - Two matching ranch-style residences offer flexible occupancy and rental use.
Where is this duplex located?
The property is located at 26 Newland Court Denver, CO.
What is the asking price?
The asking price for this property is $707,000.
What are key features of this property?
This property features: Duplex with two 3‑bedroom, 1‑bath units; 1962 construction with a durable brick exterior; Unit 28 leased through June 2027
