Duplex Property with Rooftop
For Sale
$1,150,000
2912 Perry St, Denver, CO 80212
Three-story property offers four bedrooms, five bathrooms, flexible living areas, and substantial finished space near Highland Square.
Property Size3,225 SF
Price / SF$351.57
Days on Market89
Property Features for 2912 Perry St
General Information
Standard status
Active
Size
3,225 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,348
Amenities
rooftop deck
finished basement
high ceilings
hardwood floors
stone surfaces
gas fireplace
Viking appliances
custom cabinetry
pantry
center island
wet bar
gas hookup
sound system
updated lighting
built-ins
Closets by Design systems
smart-home technology
fenced patio
EV charging
leased solar panels
Building Details
Building Size
3,225 SF
Year Built
2006
Buildings
1
Stories
3
Construction
urban contemporary
Listing Agency:
Dolby Haas
(720) 515-1802
Listed By:
Grant Dolby
(720) 515-1802
Source:
Corken
Added: Jun 4
Changed: Aug 30
Last Checked: Aug 30 at 3:15PM
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 Dolby Haas
Investment Insights
Based on property information with market context.
Built in 2006, this three-story duplex property provides 3,271 total square feet, including 3,225 finished square feet and a finished basement. The layout includes four bedrooms, five bathrooms, multiple living areas, a kitchen with Viking appliances, gas cooktop, custom cabinetry, pantry, and center island, plus hardwood floors, high ceilings, stone surfaces, and a gas fireplace. Fresh paint, new carpet, built-ins, updated lighting, and smart-home features are also included.
Outdoor and parking improvements include a private composite wraparound rooftop deck with mountain views, gas hookup, sound system, fenced patio, and a finished detached 2-car garage with EV charging. Leased solar panels are in place. The property is located two blocks from Highland Square and near restaurants, coffee shops, parks, trails, transit, Sloan's Lake, and downtown.
Outdoor and parking improvements include a private composite wraparound rooftop deck with mountain views, gas hookup, sound system, fenced patio, and a finished detached 2-car garage with EV charging. Leased solar panels are in place. The property is located two blocks from Highland Square and near restaurants, coffee shops, parks, trails, transit, Sloan's Lake, and downtown.
Key Highlights
- 3,271 total square feet with 3,225 finished square feet and a finished basement
- Four bedrooms and five bathrooms across a three‑story layout
- Private composite wraparound rooftop deck with mountain views, gas hookup, and sound system
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
$54,360
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
4.73%
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%
$1,087,200
$1.1M
Cap Rate 7%
$776,571
$776.6K
Cap Rate 9%
$604,000
$604.0K
Market Conditions
NOI Build-Up for 3,271 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
$82.4K $25.20/SF
− Vacancy
−$4.8K −$1.46/SF
EGI
$77.7K $23.74/SF
− OpEx
−$23.3K −$7.12/SF
NOI
$54.4K $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%
$1,087,200
Cap Rate 7%
$776,571
Cap Rate 9%
$604,000
Alternative Uses
Best Use
Multifamily LT 5
$776.6K
$679.5K – $906.0K
NOI $54,360 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$709.5K
$620.8K – $827.8K
NOI $49,666 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$1.04M
$911.1K – $1.21M
NOI $72,889 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
893
Businesses Nearby
Explore this area
Business Placement
Demographics for 80212, CO
20,397
Population
10,870
Households
1.9
Avg Household Size
38
Median Age
64%
College-Educated
96%
High-School Grad
3.6 sq mi
ZIP Area
5,666
Density / Sq Mi
$118,692
Median Household Income
$76,379
Median Earnings
$1,714
Median Rent
$705,300
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-story property offers four bedrooms, five bathrooms, flexible living areas, and substantial finished space near Highland Square.
Where is this duplex located?
The property is located at 2912 Perry St Denver, CO.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 3,271 total square feet with 3,225 finished square feet and a finished basement; Four bedrooms and five bathrooms across a three‑story layout; Private composite wraparound rooftop deck with mountain views, gas hookup, and sound system
