Renovated
For Sale
$399,000
3660 Grape St, Denver, CO 80207
Permitted half-duplex with updated systems, private outdoor space, and off-street parking.
Property Size883 SF
Days on Market11
Property Features for 3660 Grape St
General Information
Standard status
Active
Size
883 SF
Total Parking Spaces
2
Property subtype
Duplex
Building Details
Building Size
883 SF
Year Built
1955
Listing Agency:
Better Blueprint Realty
Listed By:
Jason Roberts
(607) 643-3226
Source:
Corken
Added: Sep 17
Changed: Sep 27
Last Checked: Sep 26 at 2:18PM
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 Better Blueprint Realty
Investment Insights
Based on property information with market context.
Built in 1955, this fully permitted half-duplex has been comprehensively reworked with a contemporary interior and preserved original hardwood floors. The open layout includes two bedrooms, a custom bathroom, honed granite countertops, custom shelving, and new appliances. The kitchen connects to a private fenced backyard, while the property also includes a large fenced front yard, fresh landscaping, mature trees, and two off-street parking spaces.
Located at 3660 Grape St in Denver, Colorado, the home also offers room for a garage addition. Major updates include a new roof, air-conditioning system, electrical rewire and panel, plumbing, sewer line, water heater, and windows.
Located at 3660 Grape St in Denver, Colorado, the home also offers room for a garage addition. Major updates include a new roof, air-conditioning system, electrical rewire and panel, plumbing, sewer line, water heater, and windows.
Key Highlights
- Fully permitted half‑duplex at 3660 Grape St, Denver, CO 80207
- Two‑bedroom layout with a custom bathroom
- Two off‑street parking spaces
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
$14,674
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
3.68%
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%
$293,480
$293.5K
Cap Rate 7%
$209,629
$209.6K
Cap Rate 9%
$163,044
$163.0K
Market Conditions
NOI Build-Up for 883 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
$22.3K $25.20/SF
− Vacancy
−$1.3K −$1.46/SF
EGI
$21.0K $23.74/SF
− OpEx
−$6.3K −$7.12/SF
NOI
$14.7K $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%
$293,480
Cap Rate 7%
$209,629
Cap Rate 9%
$163,044
Alternative Uses
Best Use
Multifamily LT 5
$209.6K
$183.4K – $244.6K
NOI $14,674 @ 7.0% cap · market cap 3.68%
Second Best
Apartment 5plus
$191.5K
$167.6K – $223.5K
NOI $13,407 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$281.1K
$246.0K – $327.9K
NOI $19,676 @ 7.0% cap · market cap 4.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
728
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
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Frequently Asked Questions
What type of property is this?
Duplex - Permitted half-duplex with updated systems, private outdoor space, and off-street parking.
Where is this duplex located?
The property is located at 3660 Grape St Denver, CO.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Fully permitted half‑duplex at 3660 Grape St, Denver, CO 80207; Two‑bedroom layout with a custom bathroom; Two off‑street parking spaces
