Duplex with Rooftop
For Sale
$1,250,000
3320 Tennyson St, Denver, CO 80212
Finished basement, future-ready utility rough-ins, and multiple outdoor entertaining areas support flexible daily use.
Property Size3,122 SF
Days on Market79
Property Features for 3320 Tennyson St
General Information
Standard status
Active
Size
3,122 SF
Property subtype
Duplex
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,461
Amenities
rooftop patio
maple floors
quartz counters
cherry soft-close cabinetry
gas range
microwave drawer
new dishwasher
low-voltage pre-wired
Kohler soaker/effervescent spa tub
rain-shower
dual vanity
finished basement
surround sound
wet-bar rough-in
optional outdoor kitchen prepping
pre-wired patio speakers
hot & cold hose bibs
roof deck storage closet
dry-deck paver system
spray-foam insulated
Milgard Low-E casement windows
8' solid birch doors
maintenance-free exterior
95% high-efficiency furnace
high-recovery water heather
central vac
mini-split A/C pre-install
Building Details
Building Size
3,122 SF
Year Built
2010
Buildings
1
Listing Agency:
Your Castle Realty LLC
(303) 249-4262
Listed By:
Brook Swientisky · License #100101915
(303) 249-4262
Source:
Corken
Added: Jun 12
Changed: Aug 28
Last Checked: Aug 29 at 4:20PM
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 Your Castle Realty LLC
Investment Insights
Based on property information with market context.
This 2010-built duplex combines custom construction with a multi-level layout designed for both everyday living and entertaining. Interior features include real maple flooring, quartz countertops, cherry cabinetry, a gas range with an exterior-vented hood, and a primary suite with a Kohler soaking tub, rain shower, and dual vanity. The finished basement includes surround sound and a wet-bar rough-in.
Outdoor spaces include a ground-level patio and rooftop deck with mountain views, storage, pre-wired speakers, and dry-deck pavers. The property is also prepared for optional outdoor kitchens in two locations and includes hot and cold hose bibs. Additional construction details include spray-foam insulation, Milgard Low-E casement windows, 8-foot solid birch doors, a 95% high-efficiency furnace, a high-recovery water heater, central vacuum, and a mini-split A/C pre-install. The property is located at 3320 Tennyson St in Denver’s West Highland area, near Tennyson Street and Sloan’s Lake.
Outdoor spaces include a ground-level patio and rooftop deck with mountain views, storage, pre-wired speakers, and dry-deck pavers. The property is also prepared for optional outdoor kitchens in two locations and includes hot and cold hose bibs. Additional construction details include spray-foam insulation, Milgard Low-E casement windows, 8-foot solid birch doors, a 95% high-efficiency furnace, a high-recovery water heater, central vacuum, and a mini-split A/C pre-install. The property is located at 3320 Tennyson St in Denver’s West Highland area, near Tennyson Street and Sloan’s Lake.
Key Highlights
- Rooftop deck with mountain views, storage closet, pre‑wired speakers, and dry‑deck paver system
- 2010‑built duplex at 3320 Tennyson St, Denver, CO 80212
- Finished basement with surround sound and wet‑bar rough‑in
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
$51,883
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
4.15%
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%
$1,037,660
$1.0M
Cap Rate 7%
$741,186
$741.2K
Cap Rate 9%
$576,478
$576.5K
Market Conditions
NOI Build-Up for 3,122 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
$78.7K $25.20/SF
− Vacancy
−$4.6K −$1.46/SF
EGI
$74.1K $23.74/SF
− OpEx
−$22.2K −$7.12/SF
NOI
$51.9K $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%
$1,037,660
Cap Rate 7%
$741,186
Cap Rate 9%
$576,478
Alternative Uses
Best Use
Multifamily LT 5
$741.2K
$648.5K – $864.7K
NOI $51,883 @ 7.0% cap · market cap 4.15%
Second Best
Apartment 5plus
$677.2K
$592.5K – $790.1K
NOI $47,403 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$993.8K
$869.6K – $1.16M
NOI $69,569 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,534
Businesses Nearby
Explore this area
Business Placement
Demographics for 80212, CO
20,397
Population
10,870
Households
1.9
Avg Household Size
38
Median Age
64%
College-Educated
96%
High-School Grad
3.6 sq mi
ZIP Area
5,666
Density / Sq Mi
$118,692
Median Household Income
$76,379
Median Earnings
$1,714
Median Rent
$705,300
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 - Finished basement, future-ready utility rough-ins, and multiple outdoor entertaining areas support flexible daily use.
Where is this duplex located?
The property is located at 3320 Tennyson St Denver, CO.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Rooftop deck with mountain views, storage closet, pre‑wired speakers, and dry‑deck paver system; 2010‑built duplex at 3320 Tennyson St, Denver, CO 80212; Finished basement with surround sound and wet‑bar rough‑in
