Contemporary Duplex with Rooftop
For Sale
$1,495,000
3828 Kalamath St, Denver, CO 80211
Modern architecture pairs with indoor-outdoor entertaining areas and a finished basement.
Property Size3,584 SF
Price / SF$417.13
Days on Market180
Property Features for 3828 Kalamath St
General Information
Standard status
Active
Size
3,584 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,981
Amenities
outdoor kitchen
media room
wet bar
exercise room
rooftop patio
dog run
Building Details
Building Size
3,584 SF
Year Built
2021
Buildings
1
Construction
contemporary
Listing Agency:
Vision Real Estate Llc
(720) 234-3460
Listed By:
Geoffrey Stell · License #FA100079863
(720) 234-3460
Source:
Corken
Added: Mar 4
Changed: Aug 30
Last Checked: Aug 31 at 12:57AM
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 Vision Real Estate Llc
Investment Insights
Based on property information with market context.
Built in 2021, this contemporary duplex in Denver’s Sunnyside neighborhood offers 2,624 square feet above grade and 3,584 finished square feet overall. The interior includes a chef’s kitchen with a hidden walk-in pantry, 13-foot island, 36-inch Thermador gas range, flat-panel cabinetry, and quartz waterfall countertops. An overhead glass garage door connects the living area to a stained and stamped concrete patio with an outdoor kitchen.
The primary suite features a five-piece bathroom, custom walk-in closet, and covered private deck. Additional amenities include second-floor laundry, a finished basement with media room, projector, 125-inch screen, wet bar, beverage fridge, wine area, exercise room, fourth bedroom, and full bathroom. The upper level adds a wet bar with dishwasher and beverage fridge, plus a half-height overhead garage door opening to a rooftop patio with city views.
The primary suite features a five-piece bathroom, custom walk-in closet, and covered private deck. Additional amenities include second-floor laundry, a finished basement with media room, projector, 125-inch screen, wet bar, beverage fridge, wine area, exercise room, fourth bedroom, and full bathroom. The upper level adds a wet bar with dishwasher and beverage fridge, plus a half-height overhead garage door opening to a rooftop patio with city views.
Key Highlights
- 2021‑built contemporary duplex in Denver’s Sunnyside neighborhood
- 2,624 SF above grade and 3,584 finished SF total
- Chef’s kitchen with 13' island and 36" Thermador gas range
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
$59,561
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
3.98%
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%
$1,191,220
$1.2M
Cap Rate 7%
$850,871
$850.9K
Cap Rate 9%
$661,789
$661.8K
Market Conditions
NOI Build-Up for 3,584 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
$90.3K $25.20/SF
− Vacancy
−$5.2K −$1.46/SF
EGI
$85.1K $23.74/SF
− OpEx
−$25.5K −$7.12/SF
NOI
$59.6K $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%
$1,191,220
Cap Rate 7%
$850,871
Cap Rate 9%
$661,789
Alternative Uses
Best Use
Multifamily LT 5
$850.9K
$744.5K – $992.7K
NOI $59,561 @ 7.0% cap · market cap 3.98%
Second Best
Apartment 5plus
$777.4K
$680.2K – $907.0K
NOI $54,418 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$1.14M
$998.3K – $1.33M
NOI $79,864 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,240
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 - Modern architecture pairs with indoor-outdoor entertaining areas and a finished basement.
Where is this duplex located?
The property is located at 3828 Kalamath St Denver, CO.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 2021‑built contemporary duplex in Denver’s Sunnyside neighborhood; 2,624 SF above grade and 3,584 finished SF total; Chef’s kitchen with 13' island and 36" Thermador gas range
