Modern Duplex with Rooftop
For Sale
$1,200,000
3121 W 26th Ave, Denver, CO 80211
Three-level residences offer upgraded finishes, flexible living areas, outdoor space, and views toward downtown Denver and the Front Range.
Property Size3,090 SF
Lot Size0.10 Acres
Days on Market78
Property Features for 3121 W 26th Ave
General Information
Standard status
Active
Size
3,090 SF
Lot size
0.10 Acres
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,416
Building Details
Building Size
3,090 SF
Year Built
2016
Listing Agency:
LIV Sotheby's International Realty
(720) 210-7377
Listed By:
Courtney Nelson · License #40046166
(720) 210-7377
Source:
Corken
Added: Jun 13
Changed: Aug 28
Last Checked: Aug 29 at 4:08PM
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 LIV Sotheby's International Realty
Investment Insights
Based on property information with market context.
Built in 2016, this modern duplex occupies a 4,310-square-foot lot with landscaped front and back yards, a patio, lawn, and raised garden beds. The interior includes wide-plank hardwood flooring, wrought iron railings, solid wood doors, an open main level, and a kitchen with quartz countertops, 42-inch custom cabinetry, Bosch stainless steel appliances, and a gas cooktop.
The multi-level layout provides a den, living and dining areas, multiple bedrooms and baths, laundry, and a finished basement with 9-foot ceilings, recreation space, a full bath, and a guest suite. Upper-level amenities include a primary suite with private balcony, five-piece bath, soaking tub, and walk-in closet. The third floor adds flexible space with a wet bar, half bath, and access to a rooftop deck with 360-degree views of downtown Denver and the Front Range.
Located at 3121 W 26th Ave in Denver, the property has a Walk Score of 89 and is near Jefferson Park, Sloan's Lake, Highlands Square, LoHi, restaurants, Mile High Stadium, and Denver Bikeways.
The multi-level layout provides a den, living and dining areas, multiple bedrooms and baths, laundry, and a finished basement with 9-foot ceilings, recreation space, a full bath, and a guest suite. Upper-level amenities include a primary suite with private balcony, five-piece bath, soaking tub, and walk-in closet. The third floor adds flexible space with a wet bar, half bath, and access to a rooftop deck with 360-degree views of downtown Denver and the Front Range.
Located at 3121 W 26th Ave in Denver, the property has a Walk Score of 89 and is near Jefferson Park, Sloan's Lake, Highlands Square, LoHi, restaurants, Mile High Stadium, and Denver Bikeways.
Key Highlights
- Duplex built in 2016 on a 4,310 sq ft lot
- Rooftop deck with 360‑degree views of downtown Denver and the Front Range
- Finished basement with 9' ceilings, recreation room, full bath, and guest suite
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
$51,352
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
4.28%
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%
$1,027,040
$1.0M
Cap Rate 7%
$733,600
$733.6K
Cap Rate 9%
$570,578
$570.6K
Market Conditions
NOI Build-Up for 3,090 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
$77.9K $25.20/SF
− Vacancy
−$4.5K −$1.46/SF
EGI
$73.4K $23.74/SF
− OpEx
−$22.0K −$7.12/SF
NOI
$51.4K $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%
$1,027,040
Cap Rate 7%
$733,600
Cap Rate 9%
$570,578
Alternative Uses
Best Use
Multifamily LT 5
$733.6K
$641.9K – $855.9K
NOI $51,352 @ 7.0% cap · market cap 4.28%
Second Best
Apartment 5plus
$670.2K
$586.5K – $782.0K
NOI $46,917 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$983.7K
$860.7K – $1.15M
NOI $68,856 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,385
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-level residences offer upgraded finishes, flexible living areas, outdoor space, and views toward downtown Denver and the Front Range.
Where is this duplex located?
The property is located at 3121 W 26th Ave Denver, CO.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Duplex built in 2016 on a 4,310 sq ft lot; Rooftop deck with 360‑degree views of downtown Denver and the Front Range; Finished basement with 9' ceilings, recreation room, full bath, and guest suite
