Duplex with Finished
For Sale
$899,000
3 Red Cedar, Littleton, CO 80127
Main-level suite, multiple living areas, outdoor patios, and an attached garage support flexible residential use.
Property Size3,889 SF
Days on Market85
Property Features for 3 Red Cedar
General Information
Standard status
Active
Size
3,889 SF
Total Parking Spaces
2
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$6,061
Building Details
Building Size
3,889 SF
Year Built
1986
Listing Agency:
RE/MAX Professionals
(303) 619-4880
Listed By:
Eva Stadelmaier · License #100003767
(303) 619-4880
Source:
Corken
Added: Jun 9
Changed: Aug 31
Last Checked: Aug 31 at 9:30PM
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 RE/MAX Professionals
Investment Insights
Based on property information with market context.
This duplex property, built in 1986, offers a multi-level layout with a main-floor living room, gas fireplace, formal dining area, and kitchen with a center island, pantry, and extensive cabinetry. The primary suite is located on the main level and includes an updated full ensuite bath. A laundry and mud room, powder room, upper-level loft, two additional bedrooms, and a full bath add to the configuration. The finished basement includes multiple rooms, storage, and a half bath.
Outdoor features include a private flagstone patio overlooking a greenbelt, a second patio at the front, and an attached two-car garage. The property is located in the Enclave at Ken Caryl Valley, near a community pool, walking trails, and parks.
Outdoor features include a private flagstone patio overlooking a greenbelt, a second patio at the front, and an attached two-car garage. The property is located in the Enclave at Ken Caryl Valley, near a community pool, walking trails, and parks.
Key Highlights
- Main‑floor primary suite with updated full ensuite bath
- Finished basement with multiple rooms, storage, and half bath
- Kitchen includes center island, pantry, and abundant cabinetry
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
$64,109
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
7.13%
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%
$1,282,180
$1.3M
Cap Rate 7%
$915,843
$915.8K
Cap Rate 9%
$712,322
$712.3K
Market Conditions
NOI Build-Up for 3,889 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
$95.7K $24.60/SF
− Vacancy
−$4.1K −$1.05/SF
EGI
$91.6K $23.55/SF
− OpEx
−$27.5K −$7.06/SF
NOI
$64.1K $16.48/SF
Area
Douglas County, CO
Vacancy
4.27%
Lease Rate
$24.60 /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%
$1,282,180
Cap Rate 7%
$915,843
Cap Rate 9%
$712,322
Alternative Uses
Best Use
Multifamily LT 5
$915.8K
$801.4K – $1.07M
NOI $64,109 @ 7.0% cap · market cap 7.13%
Second Best
Apartment 5plus
$843.9K
$738.4K – $984.6K
NOI $59,075 @ 7.0% cap · market cap 6.57%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,506 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
97
Businesses Nearby
Explore this area
Business Placement
Demographics for 80127, CO
44,776
Population
17,507
Households
2.6
Avg Household Size
43
Median Age
60%
College-Educated
98%
High-School Grad
66.4 sq mi
ZIP Area
674
Density / Sq Mi
$137,753
Median Household Income
$70,039
Median Earnings
$2,102
Median Rent
$663,900
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 - Main-level suite, multiple living areas, outdoor patios, and an attached garage support flexible residential use.
Where is this duplex located?
The property is located at 3 Red Cedar Littleton, CO.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Main‑floor primary suite with updated full ensuite bath; Finished basement with multiple rooms, storage, and half bath; Kitchen includes center island, pantry, and abundant cabinetry
