Four-Bedroom
For Sale
$725,000
2739 W 12th Ave 2739-2741, Denver, CO 80204
Rented duplex with four-bedroom units and C-MX-5 zoning in Denver’s Sun Valley neighborhood.
Property Size2,456 SF
Days on Market171
Property Features for 2739 W 12th Ave 2739-2741
General Information
Standard status
Active
Size
2,456 SF
Property subtype
Duplex
Zoning
C-MX-5
Units
Unit Mix
2 x 4BR
Multifamily Units
2
Additional Details
Cap Rate
8.27%
Taxes and HOA fees
Annual Taxes
$1,889
Building Details
Building Size
2,456 SF
Year Built
1894
Listing Agency:
REDT LLC
(720) 255-4101
Listed By:
Nathan Adams · License #100004676
(720) 255-4101
Source:
Guidere
Added: Mar 13
Changed: Aug 23
Last Checked: Aug 29 at 3:28PM
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 REDT LLC
Investment Insights
Based on property information with market context.
Built in 1894, this duplex at 2739 W 12th Ave includes two four-bedroom residences, providing a clearly defined multifamily configuration. The property is currently occupied through Section 8 voucher arrangements, with rent payments made by direct deposit. It has reportedly maintained stabilized occupancy for 8 years.
The asset is located in Denver’s Sun Valley neighborhood and carries C-MX-5 zoning. The reported 8.27 cap rate adds an income-oriented metric, while the zoning designation may support evaluation of future development plans and entitlements. Tenant privacy is required, and showings are available only after a contract is submitted.
The asset is located in Denver’s Sun Valley neighborhood and carries C-MX-5 zoning. The reported 8.27 cap rate adds an income-oriented metric, while the zoning designation may support evaluation of future development plans and entitlements. Tenant privacy is required, and showings are available only after a contract is submitted.
Key Highlights
- Two 4‑bedroom duplex residences
- C‑MX‑5 zoning
- Currently rented with 4‑bedroom Section 8 Vouchers
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
$40,815
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
5.63%
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%
$816,300
$816.3K
Cap Rate 7%
$583,071
$583.1K
Cap Rate 9%
$453,500
$453.5K
Market Conditions
NOI Build-Up for 2,456 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
$61.9K $25.20/SF
− Vacancy
−$3.6K −$1.46/SF
EGI
$58.3K $23.74/SF
− OpEx
−$17.5K −$7.12/SF
NOI
$40.8K $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%
$816,300
Cap Rate 7%
$583,071
Cap Rate 9%
$453,500
Alternative Uses
Best Use
Multifamily LT 5
$583.1K
$510.2K – $680.3K
NOI $40,815 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$532.7K
$466.1K – $621.5K
NOI $37,291 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$781.8K
$684.1K – $912.1K
NOI $54,728 @ 7.0% cap · market cap 7.55%
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
1,274
Businesses Nearby
Explore this area
Business Placement
Demographics for 80204, CO
35,269
Population
18,378
Households
1.9
Avg Household Size
33
Median Age
51%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$79,265
Median Household Income
$58,860
Median Earnings
$1,724
Median Rent
$579,900
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 - Rented duplex with four-bedroom units and C-MX-5 zoning in Denver’s Sun Valley neighborhood.
Where is this duplex located?
The property is located at 2739 W 12th Ave 2739-2741 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: Two 4‑bedroom duplex residences; C‑MX‑5 zoning; Currently rented with 4‑bedroom Section 8 Vouchers
