Modern Duplex with Rooftop
For Sale
$975,000
2827 Eliot St 2, Denver, CO 80211
Three-bedroom residence with a private fenced yard, EV-ready garage, and flexible indoor-outdoor living areas.
Property Size2,050 SF
Days on Market73
Property Features for 2827 Eliot St 2
General Information
Standard status
Active
Size
2,050 SF
Total Parking Spaces
2
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$4,351
Amenities
private fenced yard
rooftop deck
EV-ready garage
Building Details
Building Size
2,050 SF
Year Built
2021
Listing Agency:
Compass - Denver
(720) 308-2615
Listed By:
Rachel Gallegos · License #100002255
(720) 308-2615
Source:
Corken
Added: Jun 18
Changed: Aug 29
Last Checked: Aug 29 at 6:50PM
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.
Built in 2021, this contemporary duplex residence combines an open-concept layout with abundant natural light and three bedrooms. The flexible floor plan supports guest accommodations, a home office, fitness space, or hybrid work. A private fenced yard extends the living area outdoors, while the rooftop deck adds space for entertaining and includes city views and Colorado sunsets.
The property includes a two-car garage equipped with a 220-volt outlet for EV charging. Its Jefferson Park setting places the residence near LoHi, Downtown Denver, Empower Field, neighborhood coffee shops, restaurants, breweries, fitness studios, trails, and everyday amenities. Major commuter routes are also easily accessible.
The property includes a two-car garage equipped with a 220-volt outlet for EV charging. Its Jefferson Park setting places the residence near LoHi, Downtown Denver, Empower Field, neighborhood coffee shops, restaurants, breweries, fitness studios, trails, and everyday amenities. Major commuter routes are also easily accessible.
Key Highlights
- Three‑bedroom duplex residence built in 2021
- Private fenced yard for outdoor use
- Rooftop deck with city views and Colorado sunsets
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
$34,068
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
3.49%
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%
$681,360
$681.4K
Cap Rate 7%
$486,686
$486.7K
Cap Rate 9%
$378,533
$378.5K
Market Conditions
NOI Build-Up for 2,050 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
$51.7K $25.20/SF
− Vacancy
−$3.0K −$1.46/SF
EGI
$48.7K $23.74/SF
− OpEx
−$14.6K −$7.12/SF
NOI
$34.1K $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%
$681,360
Cap Rate 7%
$486,686
Cap Rate 9%
$378,533
Alternative Uses
Best Use
Multifamily LT 5
$486.7K
$425.9K – $567.8K
NOI $34,068 @ 7.0% cap · market cap 3.49%
Second Best
Apartment 5plus
$444.7K
$389.1K – $518.8K
NOI $31,126 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$652.6K
$571.0K – $761.4K
NOI $45,681 @ 7.0% cap · market cap 4.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,464
Businesses Nearby
Explore this area
Business Placement
Demographics for 80211, CO
37,940
Population
20,973
Households
1.8
Avg Household Size
34
Median Age
71%
College-Educated
92%
High-School Grad
4.5 sq mi
ZIP Area
8,431
Density / Sq Mi
$117,685
Median Household Income
$78,573
Median Earnings
$1,931
Median Rent
$747,800
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 - Three-bedroom residence with a private fenced yard, EV-ready garage, and flexible indoor-outdoor living areas.
Where is this duplex located?
The property is located at 2827 Eliot St 2 Denver, CO.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Three‑bedroom duplex residence built in 2021; Private fenced yard for outdoor use; Rooftop deck with city views and Colorado sunsets
