Brick Duplex with Covered
For Sale
$735,000
2685 S Logan St 2687, Denver, CO 80210
Up-and-down residential income property with separate units, shared backyard access, and a month-to-month rental arrangement.
Property Size1,756 SF
Days on Market9
Property Features for 2685 S Logan St 2687
General Information
Standard status
Active
Size
1,756 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$3,704
Building Details
Building Size
1,756 SF
Year Built
1955
Listing Agency:
Your Castle Real Estate Inc
(303) 949-8662
Listed By:
Jason Lewis · License #100031034
(303) 949-8662
Source:
Guidere
Added: Jul 31
Changed: Aug 8
Last Checked: Aug 8 at 8:59AM
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 Your Castle Real Estate Inc
Investment Insights
Based on property information with market context.
This 1955 brick duplex at 2685 S Logan St 2687 contains two separate 2-bedroom, 1-bathroom units arranged in an up-and-down configuration. Each residence includes a living room and eat-in kitchen, while the upper unit adds coved ceilings, abundant natural light, and a covered front porch. A common hallway provides access to the large backyard, and the property includes one garage bay.
The lot is zoned U-TU-B and permits up to two dwelling units. The lower residence and garage bay are rented month-to-month, while the upper unit is vacant. Nearby redevelopment includes scrape-and-build activity and new townhome construction, providing relevant context for the property's residential setting and ongoing neighborhood change.
The lot is zoned U-TU-B and permits up to two dwelling units. The lower residence and garage bay are rented month-to-month, while the upper unit is vacant. Nearby redevelopment includes scrape-and-build activity and new townhome construction, providing relevant context for the property's residential setting and ongoing neighborhood change.
Key Highlights
- Two separate 2‑bedroom, 1‑bathroom units in an up‑and‑down duplex layout
- 1955 brick construction with covered front porch and coved ceilings in the upper unit
- U‑TU‑B zoning permits up to two dwelling units
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
$29,182
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
3.97%
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%
$583,640
$583.6K
Cap Rate 7%
$416,886
$416.9K
Cap Rate 9%
$324,244
$324.2K
Market Conditions
NOI Build-Up for 1,756 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
$44.3K $25.20/SF
− Vacancy
−$2.6K −$1.46/SF
EGI
$41.7K $23.74/SF
− OpEx
−$12.5K −$7.12/SF
NOI
$29.2K $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%
$583,640
Cap Rate 7%
$416,886
Cap Rate 9%
$324,244
Alternative Uses
Best Use
Multifamily LT 5
$416.9K
$364.8K – $486.4K
NOI $29,182 @ 7.0% cap · market cap 3.97%
Second Best
Apartment 5plus
$380.9K
$333.3K – $444.4K
NOI $26,662 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$559.0K
$489.1K – $652.2K
NOI $39,130 @ 7.0% cap · market cap 5.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Up-and-down residential income property with separate units, shared backyard access, and a month-to-month rental arrangement.
Where is this duplex located?
The property is located at 2685 S Logan St 2687 Denver, CO.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: Two separate 2‑bedroom, 1‑bathroom units in an up‑and‑down duplex layout; 1955 brick construction with covered front porch and coved ceilings in the upper unit; U‑TU‑B zoning permits up to two dwelling units
