Contemporary Duplex With Rooftop
For Sale
$944,900
3705 E 27th Ave, Denver, CO 80205
Built in 2023, this corner residence pairs flexible finished space with an attached two-car garage and multiple outdoor areas.
Property Size2,272 SF
Price / SF$415.89
Days on Market76
Property Features for 3705 E 27th Ave
General Information
Standard status
Active
Size
2,272 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,063
Amenities
rooftop deck
patio
front porch
gas fireplace
Building Details
Building Size
2,272 SF
Year Built
2023
Buildings
1
Stories
3
Construction
contemporary
Listing Agency:
Legacy 100 Real Estate Partners LLC
(303) 503-2232
Listed By:
Ramon Vargas · License #40016606
(303) 503-2232
Source:
Corken
Added: Jun 15
Changed: Aug 29
Last Checked: Aug 29 at 4:45PM
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 Legacy 100 Real Estate Partners LLC
Investment Insights
Based on property information with market context.
This 2023-built duplex at 3705 E 27th Ave presents a contemporary three-story row-home design with 2,272 finished square feet. The interior includes three bedrooms, three bathrooms, hardwood flooring, expansive windows, and an open arrangement linking the kitchen, dining area, and living room. Kitchen features include a waterfall island, quartz countertops, stainless steel appliances, and generous preparation space. A gas fireplace anchors the living room, while the primary suite includes a walk-in closet.
The finished basement adds a family room, bedroom, and full bathroom. Exterior amenities include a rooftop deck with mountain and golf course views, along with a patio and front porch. The property occupies a corner location and includes an attached two-car garage. City Park, the Denver Zoo, City Park Golf Course, downtown Denver, restaurants, shopping, and public transit are minutes away.
The finished basement adds a family room, bedroom, and full bathroom. Exterior amenities include a rooftop deck with mountain and golf course views, along with a patio and front porch. The property occupies a corner location and includes an attached two-car garage. City Park, the Denver Zoo, City Park Golf Course, downtown Denver, restaurants, shopping, and public transit are minutes away.
Key Highlights
- 2023‑built duplex with 2,272 finished square feet
- Three bedrooms and three bathrooms, including a finished‑basement bedroom and full bath
- Rooftop deck with mountain and golf course views
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
$37,758
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
4.00%
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%
$755,160
$755.2K
Cap Rate 7%
$539,400
$539.4K
Cap Rate 9%
$419,533
$419.5K
Market Conditions
NOI Build-Up for 2,272 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
$57.3K $25.20/SF
− Vacancy
−$3.3K −$1.46/SF
EGI
$53.9K $23.74/SF
− OpEx
−$16.2K −$7.12/SF
NOI
$37.8K $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%
$755,160
Cap Rate 7%
$539,400
Cap Rate 9%
$419,533
Alternative Uses
Best Use
Multifamily LT 5
$539.4K
$472.0K – $629.3K
NOI $37,758 @ 7.0% cap · market cap 4.00%
Second Best
Apartment 5plus
$492.8K
$431.2K – $575.0K
NOI $34,497 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$723.3K
$632.9K – $843.8K
NOI $50,628 @ 7.0% cap · market cap 5.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
300
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 - Built in 2023, this corner residence pairs flexible finished space with an attached two-car garage and multiple outdoor areas.
Where is this duplex located?
The property is located at 3705 E 27th Ave Denver, CO.
What is the asking price?
The asking price for this property is $944,900.
What are key features of this property?
This property features: 2023‑built duplex with 2,272 finished square feet; Three bedrooms and three bathrooms, including a finished‑basement bedroom and full bath; Rooftop deck with mountain and golf course views
