Renovated Duplex with Tandem
For Sale
$599,000
2925 E 14th Ave, Denver, CO 80206
Updated bungalow duplex with original character, modern systems, finished basement space, and reserved rear parking.
Property Size1,380 SF
Days on Market17
Property Features for 2925 E 14th Ave
General Information
Standard status
Active
Size
1,380 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$3,043
Building Details
Building Size
1,380 SF
Year Built
1906
Listing Agency:
West and Main Homes Inc
(720) 469-5332
Listed By:
Janell Arant
(720) 469-5332
Source:
Guidere
Added: Aug 13
Changed: Aug 28
Last Checked: Aug 29 at 3:20PM
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 West and Main Homes Inc
Investment Insights
Based on property information with market context.
This bungalow duplex combines historic character with extensive interior and infrastructure updates. The main level retains original hardwood floors and a turn-of-the-century fireplace, while the remodeled kitchen adds custom cabinetry, quartz countertops, and stainless steel appliances. Two bedrooms include built-in closet systems, and the updated bathroom features upgraded tile, a quartz vanity, shelving, and a seamless glass shower. Newer PEX plumbing, electrical, ductwork, roof, furnace, air conditioning, water heater, windows, paint, lighting, and plumbing fixtures complete the renovation. The finished basement provides a family room, a non-conforming bedroom or office, substantial storage, and an oversized laundry room. Washer and dryer are included.
Outdoor features include a covered south-facing front porch, updated low-maintenance landscaping, and two deeded/reserved tandem parking spaces at the rear. The property is at 2925 E 14th Ave in Denver’s Congress Park area, with an 84/100 Walk Score and proximity to City Park, Denver Botanic Gardens, Congress Park, Cheesman Park, Downtown, restaurants, coffee shops, farmers markets, and neighborhood events.
Outdoor features include a covered south-facing front porch, updated low-maintenance landscaping, and two deeded/reserved tandem parking spaces at the rear. The property is at 2925 E 14th Ave in Denver’s Congress Park area, with an 84/100 Walk Score and proximity to City Park, Denver Botanic Gardens, Congress Park, Cheesman Park, Downtown, restaurants, coffee shops, farmers markets, and neighborhood events.
Key Highlights
- Duplex originally built in 1906 and comprehensively renovated
- Original hardwood floors and turn‑of‑the‑century fireplace retained
- Finished basement with family room, non‑conforming bedroom or office, storage, and laundry
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
$22,934
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
3.83%
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%
$458,680
$458.7K
Cap Rate 7%
$327,629
$327.6K
Cap Rate 9%
$254,822
$254.8K
Market Conditions
NOI Build-Up for 1,380 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
$34.8K $25.20/SF
− Vacancy
−$2.0K −$1.46/SF
EGI
$32.8K $23.74/SF
− OpEx
−$9.8K −$7.12/SF
NOI
$22.9K $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%
$458,680
Cap Rate 7%
$327,629
Cap Rate 9%
$254,822
Alternative Uses
Best Use
Multifamily LT 5
$327.6K
$286.7K – $382.2K
NOI $22,934 @ 7.0% cap · market cap 3.83%
Second Best
Apartment 5plus
$299.3K
$261.9K – $349.2K
NOI $20,953 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$439.3K
$384.4K – $512.5K
NOI $30,751 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,583
Businesses Nearby
Explore this area
Business Placement
Demographics for 80206, CO
26,108
Population
15,580
Households
1.7
Avg Household Size
38
Median Age
78%
College-Educated
97%
High-School Grad
2.5 sq mi
ZIP Area
10,443
Density / Sq Mi
$102,248
Median Household Income
$69,908
Median Earnings
$1,694
Median Rent
$892,200
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 - Updated bungalow duplex with original character, modern systems, finished basement space, and reserved rear parking.
Where is this duplex located?
The property is located at 2925 E 14th Ave Denver, CO.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Duplex originally built in 1906 and comprehensively renovated; Original hardwood floors and turn‑of‑the‑century fireplace retained; Finished basement with family room, non‑conforming bedroom or office, storage, and laundry
