Updated Duplex with Private
For Sale
$830,000
3349 N Adams Street, Denver, CO 80205
Two residential units offer individual outdoor space, garages, driveways, and refreshed interiors in Denver’s established City Park area.
Property Size2,834 SF
Price / SF$292.87
Days on Market237
Property Features for 3349 N Adams Street
General Information
Standard status
Active
Size
2,834 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,329
Building Details
Building Size
2,834 SF
Year Built
1950
Buildings
1
Listing Agency:
ViaTerra
Listed By:
Ashley Bock · License #100053504
(303) 668-2904
Source:
Zencasarealty
Added: Jan 13
Changed: Sep 5
Last Checked: Sep 6 at 10:01AM
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 ViaTerra
Investment Insights
Based on property information with market context.
This 1950-built duplex contains 2,834 square feet and is configured as two residential units. Each unit includes a private yard, a one-car garage, and an extra-long driveway. Both interiors have been updated, with a new kitchen in Unit 3345 and newer windows serving both units.
The property is located at 3349 N Adams Street in Denver, near City Park, the Denver Zoo, and the Denver Museum of Nature & Science. Downtown Denver, restaurants, public transportation, bus routes, light rail, and I-70 are all identified as accessible from the property. The surrounding setting includes established homes, mature trees, and street parking.
The property is located at 3349 N Adams Street in Denver, near City Park, the Denver Zoo, and the Denver Museum of Nature & Science. Downtown Denver, restaurants, public transportation, bus routes, light rail, and I-70 are all identified as accessible from the property. The surrounding setting includes established homes, mature trees, and street parking.
Key Highlights
- 2,834‑square‑foot duplex built in 1950
- Two units, each with a private yard and one‑car garage
- Extra‑long driveways provide additional off‑street parking
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
$47,097
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
5.67%
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%
$941,940
$941.9K
Cap Rate 7%
$672,814
$672.8K
Cap Rate 9%
$523,300
$523.3K
Market Conditions
NOI Build-Up for 2,834 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
$71.4K $25.20/SF
− Vacancy
−$4.1K −$1.46/SF
EGI
$67.3K $23.74/SF
− OpEx
−$20.2K −$7.12/SF
NOI
$47.1K $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%
$941,940
Cap Rate 7%
$672,814
Cap Rate 9%
$523,300
Alternative Uses
Best Use
Multifamily LT 5
$672.8K
$588.7K – $785.0K
NOI $47,097 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$614.7K
$537.9K – $717.2K
NOI $43,030 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$902.2K
$789.4K – $1.05M
NOI $63,151 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
881
Businesses Nearby
Explore this area
Business Placement
Demographics for 80205, CO
34,967
Population
19,040
Households
1.8
Avg Household Size
34
Median Age
61%
College-Educated
94%
High-School Grad
4.6 sq mi
ZIP Area
7,602
Density / Sq Mi
$98,770
Median Household Income
$69,760
Median Earnings
$1,816
Median Rent
$627,600
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 - Two residential units offer individual outdoor space, garages, driveways, and refreshed interiors in Denver’s established City Park area.
Where is this duplex located?
The property is located at 3349 N Adams Street Denver, CO.
What is the asking price?
The asking price for this property is $830,000.
What are key features of this property?
This property features: 2,834‑square‑foot duplex built in 1950; Two units, each with a private yard and one‑car garage; Extra‑long driveways provide additional off‑street parking
