Renovated Duplex with Detached
For Sale
$404,900
3259 Pontiac St, Denver, CO 80207
Renovated property with a fenced yard, mini-split climate control, in-unit laundry, and a detached garage.
Property Size845 SF
Days on Market88
Property Features for 3259 Pontiac St
General Information
Standard status
Active
Size
845 SF
Total Parking Spaces
1
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,741
Amenities
in-unit laundry
private fenced yard
mini-split heating and cooling
stainless steel appliances
Building Details
Building Size
845 SF
Year Built
1953
Listing Agency:
HomeSmart
(303) 349-6677
Listed By:
Eric Hyatt · License #100066211
(303) 349-6677
Source:
Corken
Added: Jun 4
Changed: Aug 29
Last Checked: Aug 29 at 5:46PM
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 HomeSmart
Investment Insights
Based on property information with market context.
This renovated duplex property includes a detached one-car garage, private fenced outdoor space, fresh sod, and improved rear access. Interior features include quartz countertops, stainless steel appliances, a hood vent, white cabinetry, wood shelving, a tile backsplash, and a peninsula. The bathroom incorporates subway tile, gold hardware, modern fixtures, and a green vanity. Mini-split heating and cooling and in-unit laundry add practical functionality.
Built in 1953, the property is located in Northeast Park Hill at 3259 Pontiac St in Denver. The surrounding area provides access to neighborhood parks, City Park, Central Park conveniences, local coffee and dining, I-70, and downtown Denver. The address is within ZIP code 80207.
Built in 1953, the property is located in Northeast Park Hill at 3259 Pontiac St in Denver. The surrounding area provides access to neighborhood parks, City Park, Central Park conveniences, local coffee and dining, I-70, and downtown Denver. The address is within ZIP code 80207.
Key Highlights
- Renovated duplex property built in 1953
- Detached 1‑car garage with additional storage potential
- Private fenced yard with fresh sod
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
$14,043
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
3.47%
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%
$280,860
$280.9K
Cap Rate 7%
$200,614
$200.6K
Cap Rate 9%
$156,033
$156.0K
Market Conditions
NOI Build-Up for 845 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
$21.3K $25.20/SF
− Vacancy
−$1.2K −$1.46/SF
EGI
$20.1K $23.74/SF
− OpEx
−$6.0K −$7.12/SF
NOI
$14.0K $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%
$280,860
Cap Rate 7%
$200,614
Cap Rate 9%
$156,033
Alternative Uses
Best Use
Multifamily LT 5
$200.6K
$175.5K – $234.1K
NOI $14,043 @ 7.0% cap · market cap 3.47%
Second Best
Apartment 5plus
$183.3K
$160.4K – $213.8K
NOI $12,830 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$269.0K
$235.4K – $313.8K
NOI $18,830 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
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
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 - Renovated property with a fenced yard, mini-split climate control, in-unit laundry, and a detached garage.
Where is this duplex located?
The property is located at 3259 Pontiac St Denver, CO.
What is the asking price?
The asking price for this property is $404,900.
What are key features of this property?
This property features: Renovated duplex property built in 1953; Detached 1‑car garage with additional storage potential; Private fenced yard with fresh sod
