Two-Bedroom Duplex with Vaulted
For Sale
$630,000
3145 Kendall St, Denver, CO 80214
Updated duplex with natural light, an open floor plan, private outdoor space, and no HOA.
Property Size1,667 SF
Days on Market117
Property Features for 3145 Kendall St
General Information
Standard status
Active
Size
1,667 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$3,553
Building Details
Building Size
1,667 SF
Year Built
2003
Listing Agency:
Country Compass LLC
(720) 320-0445
Listed By:
Candice Rosenbach · License #100097206
(720) 320-0445
Source:
Corken
Added: May 6
Changed: Aug 29
Last Checked: Aug 29 at 11:22PM
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 Country Compass LLC
Investment Insights
Based on property information with market context.
This 2 bed/2 bath duplex, built in 2003, combines an open interior layout with abundant natural light and high, vaulted ceilings. Improvements include new windows, sliding doors, appliances, water heater, and furnace. The family room features a gas fireplace, while the primary suite includes a five-piece en-suite bath. A stucco exterior, front-yard sprinklers, and low-maintenance xeriscaping support easy upkeep.
Outdoor amenities include a concrete patio with awnings for shade and a backyard with garden boxes. The property has no HOA and is located in Wheat Ridge near I-70, local shopping, dining, schools, and public transportation.
Outdoor amenities include a concrete patio with awnings for shade and a backyard with garden boxes. The property has no HOA and is located in Wheat Ridge near I-70, local shopping, dining, schools, and public transportation.
Key Highlights
- 2 bed/2 bath duplex built in 2003
- New windows, sliding doors, appliances, water heater, and furnace
- High vaulted ceilings, open layout, and abundant natural light
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
$27,703
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
4.40%
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%
$554,060
$554.1K
Cap Rate 7%
$395,757
$395.8K
Cap Rate 9%
$307,811
$307.8K
Market Conditions
NOI Build-Up for 1,667 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
$42.0K $25.20/SF
− Vacancy
−$2.4K −$1.46/SF
EGI
$39.6K $23.74/SF
− OpEx
−$11.9K −$7.12/SF
NOI
$27.7K $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%
$554,060
Cap Rate 7%
$395,757
Cap Rate 9%
$307,811
Alternative Uses
Best Use
Multifamily LT 5
$395.8K
$346.3K – $461.7K
NOI $27,703 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$361.6K
$316.4K – $421.9K
NOI $25,311 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$530.7K
$464.3K – $619.1K
NOI $37,147 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
Explore this area
Business Placement
Demographics for 80214, CO
26,493
Population
13,298
Households
2
Avg Household Size
36
Median Age
39%
College-Educated
89%
High-School Grad
4.7 sq mi
ZIP Area
5,637
Density / Sq Mi
$74,259
Median Household Income
$48,094
Median Earnings
$1,516
Median Rent
$519,900
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 duplex with natural light, an open floor plan, private outdoor space, and no HOA.
Where is this duplex located?
The property is located at 3145 Kendall St Denver, CO.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: 2 bed/2 bath duplex built in 2003; New windows, sliding doors, appliances, water heater, and furnace; High vaulted ceilings, open layout, and abundant natural light
