Updated Duplex
For Sale
$374,900
3211 Olive St, Denver, CO 80207
Renovated interiors, private outdoor space, and no HOA support practical ownership with fewer recurring restrictions.
Property Size873 SF
Days on Market12
Property Features for 3211 Olive St
General Information
Standard status
Active
Size
873 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$1,815
Building Details
Building Size
873 SF
Year Built
1955
Listing Agency:
NAV Real Estate
Listed By:
Landon Pasley · License #100083501
(720) 584-6735
Source:
Corken
Added: Sep 16
Changed: Sep 27
Last Checked: Sep 26 at 2:59PM
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 NAV Real Estate
Investment Insights
Based on property information with market context.
This duplex property, built in 1955, combines updated interior finishes with several completed improvements. The home includes refinished hardwood floors, quartz kitchen countertops, a fully remodeled bathroom, central air conditioning, and double-pane windows. The two-bedroom layout also includes a washer and dryer. A 2024 roof and updated kitchen, bathroom, windows, and AC address major components, while the private fenced yard adds usable outdoor space.
The yard is finished with sod and has an installed in-ground sprinkler and drip system, although the system is not currently in use due to drought conditions. The property is located near City Park, the Denver Zoo, and the Museum of Nature and Science, with access to I-70, downtown, shopping, and dining. There is no HOA.
The yard is finished with sod and has an installed in-ground sprinkler and drip system, although the system is not currently in use due to drought conditions. The property is located near City Park, the Denver Zoo, and the Museum of Nature and Science, with access to I-70, downtown, shopping, and dining. There is no HOA.
Key Highlights
- Duplex property built in 1955
- 2024 roof with updated AC, windows, kitchen, and bathroom
- Two‑bedroom layout with central air
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
$14,508
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
3.87%
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%
$290,160
$290.2K
Cap Rate 7%
$207,257
$207.3K
Cap Rate 9%
$161,200
$161.2K
Market Conditions
NOI Build-Up for 873 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
$22.0K $25.20/SF
− Vacancy
−$1.3K −$1.46/SF
EGI
$20.7K $23.74/SF
− OpEx
−$6.2K −$7.12/SF
NOI
$14.5K $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%
$290,160
Cap Rate 7%
$207,257
Cap Rate 9%
$161,200
Alternative Uses
Best Use
Multifamily LT 5
$207.3K
$181.4K – $241.8K
NOI $14,508 @ 7.0% cap · market cap 3.87%
Second Best
Apartment 5plus
$189.4K
$165.7K – $220.9K
NOI $13,255 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$277.9K
$243.2K – $324.2K
NOI $19,454 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,446
Businesses Nearby
Explore this area
Business Placement
Demographics for 80207, CO
21,170
Population
9,291
Households
2.3
Avg Household Size
38
Median Age
61%
College-Educated
93%
High-School Grad
3.9 sq mi
ZIP Area
5,428
Density / Sq Mi
$112,325
Median Household Income
$71,163
Median Earnings
$1,819
Median Rent
$661,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated interiors, private outdoor space, and no HOA support practical ownership with fewer recurring restrictions.
Where is this duplex located?
The property is located at 3211 Olive St Denver, CO.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: Duplex property built in 1955; 2024 roof with updated AC, windows, kitchen, and bathroom; Two‑bedroom layout with central air
