Duplex with Rooftop
For Sale
$1,199,000
3404 Newton St, Denver, CO 80211
High-ceilinged duplex with hardwood floors, flexible finished space, and a rooftop deck overlooking Colorado mountain views.
Property Size3,197 SF
Days on Market114
Property Features for 3404 Newton St
General Information
Standard status
Active
Size
3,197 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$6,435
Building Details
Building Size
3,197 SF
Year Built
2015
Listing Agency:
LIV Sotheby's International Realty
(303) 717-2134
Listed By:
Shannon Tiger · License #40021635
(303) 717-2134
Source:
Corken
Added: May 8
Changed: Aug 29
Last Checked: Aug 29 at 4:23PM
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 LIV Sotheby's International Realty
Investment Insights
Based on property information with market context.
Built in 2015, this duplex at 3404 Newton St features a multi-level layout with hardwood flooring across the main, second, and third levels. The primary living areas are arranged around an open kitchen with a center island and stainless steel appliances. A third-floor loft with a full bath provides adaptable space, while the finished basement includes two bedrooms and additional room for a media area, gym, or secondary living space. The property also includes a primary suite, high ceilings, large windows, and a garage with ceiling height suitable for a future vehicle lift.
The rooftop deck provides Colorado mountain views and sunset exposure. The property is two blocks from the 32nd & Lowell area and near Highland Square, Tennyson Street, 32nd Avenue’s coffee and restaurant businesses, and Sloan’s Lake, located one mile away.
The rooftop deck provides Colorado mountain views and sunset exposure. The property is two blocks from the 32nd & Lowell area and near Highland Square, Tennyson Street, 32nd Avenue’s coffee and restaurant businesses, and Sloan’s Lake, located one mile away.
Key Highlights
- Multi‑level duplex built in 2015
- Rooftop deck with Colorado mountain views
- Finished basement includes two bedrooms and flexible additional space
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
$53,130
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
4.43%
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%
$1,062,600
$1.1M
Cap Rate 7%
$759,000
$759.0K
Cap Rate 9%
$590,333
$590.3K
Market Conditions
NOI Build-Up for 3,197 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
$80.6K $25.20/SF
− Vacancy
−$4.7K −$1.46/SF
EGI
$75.9K $23.74/SF
− OpEx
−$22.8K −$7.12/SF
NOI
$53.1K $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%
$1,062,600
Cap Rate 7%
$759,000
Cap Rate 9%
$590,333
Alternative Uses
Best Use
Multifamily LT 5
$759.0K
$664.1K – $885.5K
NOI $53,130 @ 7.0% cap · market cap 4.43%
Second Best
Apartment 5plus
$693.5K
$606.8K – $809.0K
NOI $48,542 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$1.02M
$890.5K – $1.19M
NOI $71,240 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,730
Businesses Nearby
Explore this area
Business Placement
Demographics for 80211, CO
37,940
Population
20,973
Households
1.8
Avg Household Size
34
Median Age
71%
College-Educated
92%
High-School Grad
4.5 sq mi
ZIP Area
8,431
Density / Sq Mi
$117,685
Median Household Income
$78,573
Median Earnings
$1,931
Median Rent
$747,800
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 - High-ceilinged duplex with hardwood floors, flexible finished space, and a rooftop deck overlooking Colorado mountain views.
Where is this duplex located?
The property is located at 3404 Newton St Denver, CO.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Multi‑level duplex built in 2015; Rooftop deck with Colorado mountain views; Finished basement includes two bedrooms and flexible additional space
