Brick Duplex with Detached
For Sale
$725,000
2655-2657 S Logan Street, Denver, CO 80210
Side-by-side units feature two bedrooms, private laundry, updated finishes, and access to a fenced backyard.
Property Size1,627 SF
Price / SF$445.61
Days on Market138
Property Features for 2655-2657 S Logan Street
General Information
Standard status
Active
Size
1,627 SF
Total Parking Spaces
2
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,954
Amenities
laundry
fenced private backyard
Building Details
Year Built
1955
Buildings
1
Construction
brick
Listing Agency:
Olson Realty Group
(303) 913-8402
Listed By:
Chris Olson · License #040015236
(303) 913-8402
Source:
Exitrealty
Added: Apr 16
Changed: Aug 30
Last Checked: Aug 30 at 5:34PM
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 Olson Realty Group
Investment Insights
Based on property information with market context.
This 1,627-square-foot side-by-side brick duplex, built in 1955, includes two residential units. Each unit offers two bedrooms, one bathroom, a kitchen, living area, and laundry space. The front residence includes refreshed kitchen and bathroom finishes with granite countertops. Both units have tankless water heaters and new electrical panels. A detached two-car garage and fenced backyard serve the property.
Located at 2655-2657 S Logan Street in Denver, the duplex is within walking distance of parks, shops, and restaurants along South Broadway. The layout can accommodate an owner-occupant in one unit while the other is rented, or rental use across both residences.
Located at 2655-2657 S Logan Street in Denver, the duplex is within walking distance of parks, shops, and restaurants along South Broadway. The layout can accommodate an owner-occupant in one unit while the other is rented, or rental use across both residences.
Key Highlights
- 1,627 SF side‑by‑side brick duplex built in 1955
- Two bedrooms, one bathroom, kitchen, living area, and laundry in each unit
- Front unit features an updated kitchen and bathroom with granite countertops
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
$27,039
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
3.73%
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%
$540,780
$540.8K
Cap Rate 7%
$386,271
$386.3K
Cap Rate 9%
$300,433
$300.4K
Market Conditions
NOI Build-Up for 1,627 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
$41.0K $25.20/SF
− Vacancy
−$2.4K −$1.46/SF
EGI
$38.6K $23.74/SF
− OpEx
−$11.6K −$7.12/SF
NOI
$27.0K $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%
$540,780
Cap Rate 7%
$386,271
Cap Rate 9%
$300,433
Alternative Uses
Best Use
Multifamily LT 5
$386.3K
$338.0K – $450.7K
NOI $27,039 @ 7.0% cap · market cap 3.73%
Second Best
Apartment 5plus
$352.9K
$308.8K – $411.7K
NOI $24,704 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$517.9K
$453.2K – $604.3K
NOI $36,255 @ 7.0% cap · market cap 5.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,843
Businesses Nearby
Explore this area
Business Placement
Demographics for 80210, CO
39,394
Population
18,496
Households
2.1
Avg Household Size
33
Median Age
76%
College-Educated
99%
High-School Grad
6.1 sq mi
ZIP Area
6,458
Density / Sq Mi
$120,156
Median Household Income
$61,607
Median Earnings
$1,963
Median Rent
$870,500
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 - Side-by-side units feature two bedrooms, private laundry, updated finishes, and access to a fenced backyard.
Where is this duplex located?
The property is located at 2655-2657 S Logan Street Denver, CO.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 1,627 SF side‑by‑side brick duplex built in 1955; Two bedrooms, one bathroom, kitchen, living area, and laundry in each unit; Front unit features an updated kitchen and bathroom with granite countertops
