Side-by-Side
For Sale
$699,900
3608 Navajo Street, Denver, CO 80211
Two residences offer two bedrooms and one bathroom apiece.
Property Size2,450 SF
Days on Market107
Property Features for 3608 Navajo Street
General Information
Standard status
Active
Size
2,450 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$8,369
Building Details
Building Size
2,450 SF
Year Built
1916
Listing Agency:
Keller Williams Realty Downtown LLC
(303) 455-3300
Listed By:
Christopher Viets
Source:
Corken
Added: May 15
Changed: Aug 24
Last Checked: Aug 29 at 2:35PM
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 Keller Williams Realty Downtown LLC
Investment Insights
Based on property information with market context.
This duplex contains 2,450 square feet arranged as two side-by-side residences. Each unit includes two bedrooms and one bathroom, creating a straightforward two-unit configuration for residential occupancy.
The property is located in Denver’s Highlands neighborhood, with restaurants, shopping, parks, downtown Denver, and major highways identified nearby. The layout may suit an owner-occupant seeking separate residential space alongside a second unit, or an investor evaluating a two-unit property.
The property is located in Denver’s Highlands neighborhood, with restaurants, shopping, parks, downtown Denver, and major highways identified nearby. The layout may suit an owner-occupant seeking separate residential space alongside a second unit, or an investor evaluating a two-unit property.
Key Highlights
- Two side‑by‑side duplex units
- 2,450 square feet total property size
- Each unit includes 2 bedrooms and 1 bathroom
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
$40,716
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
5.82%
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%
$814,320
$814.3K
Cap Rate 7%
$581,657
$581.7K
Cap Rate 9%
$452,400
$452.4K
Market Conditions
NOI Build-Up for 2,450 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
$61.7K $25.20/SF
− Vacancy
−$3.6K −$1.46/SF
EGI
$58.2K $23.74/SF
− OpEx
−$17.4K −$7.12/SF
NOI
$40.7K $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%
$814,320
Cap Rate 7%
$581,657
Cap Rate 9%
$452,400
Alternative Uses
Best Use
Multifamily LT 5
$581.7K
$509.0K – $678.6K
NOI $40,716 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$531.4K
$465.0K – $620.0K
NOI $37,200 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$779.9K
$682.4K – $909.9K
NOI $54,595 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,596
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 - Two residences offer two bedrooms and one bathroom apiece.
Where is this duplex located?
The property is located at 3608 Navajo Street Denver, CO.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Two side‑by‑side duplex units; 2,450 square feet total property size; Each unit includes 2 bedrooms and 1 bathroom
