Contemporary Duplex with Park
For Sale
$999,999
3829 Osage St, Denver, CO 80211
Three-level residence with flexible rooms, energy-efficient systems, and a detached garage.
Property Size3,145 SF
Days on Market34
Property Features for 3829 Osage St
General Information
Standard status
Active
Size
3,145 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,133
Amenities
balcony
wet bar
media room
solar panels
tankless water heater
zero-scaped yard
Building Details
Building Size
3,145 SF
Year Built
2019
Buildings
1
Construction
contemporary
Listing Agency:
Real Broker, LLC DBA Real
(720) 431-1437
Listed By:
Luz Duran Robles
(720) 431-1437
Source:
Corken
Added: Jul 27
Changed: Aug 28
Last Checked: Aug 29 at 3:58PM
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 Real Broker, LLC DBA Real
Investment Insights
Based on property information with market context.
Built in 2019, this contemporary duplex at 3829 Osage St presents a multi-level layout with soaring ceilings, expansive windows, skylights, oak flooring, and modern finishes. The main level includes an open kitchen with quartz surfaces, a large island, stainless steel appliances, induction cooking, a pot filler, and substantial cabinetry. A bedroom suite with a private five-piece bath and walk-in closet adds flexibility, while the upper levels provide another suite, an additional bedroom and bath, a loft, a wet bar, and a west-facing balcony. The finished basement contributes a media room, guest bedroom, full bath, tall ceilings, and storage.
The property sits across from La Raza Park in Denver’s Sunnyside area, with access to neighborhood coffee shops, restaurants, fitness facilities, and other nearby amenities. Connections to LoHi, RiNo, downtown, I-25, and I-70 are also noted. Exterior features include xeriscaped front and rear yards and a detached two-car garage. Additional systems include multi-zone heating and cooling, a tankless water heater, and seller-owned solar panels.
The property sits across from La Raza Park in Denver’s Sunnyside area, with access to neighborhood coffee shops, restaurants, fitness facilities, and other nearby amenities. Connections to LoHi, RiNo, downtown, I-25, and I-70 are also noted. Exterior features include xeriscaped front and rear yards and a detached two-car garage. Additional systems include multi-zone heating and cooling, a tankless water heater, and seller-owned solar panels.
Key Highlights
- Contemporary duplex built in 2019 at 3829 Osage St, Denver, CO 80211
- Directly across from La Raza Park in Sunnyside
- Finished basement with media room, guest bedroom, full bath, tall ceilings, and storage
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
$52,266
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
5.23%
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%
$1,045,320
$1.0M
Cap Rate 7%
$746,657
$746.7K
Cap Rate 9%
$580,733
$580.7K
Market Conditions
NOI Build-Up for 3,145 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
$79.3K $25.20/SF
− Vacancy
−$4.6K −$1.46/SF
EGI
$74.7K $23.74/SF
− OpEx
−$22.4K −$7.12/SF
NOI
$52.3K $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%
$1,045,320
Cap Rate 7%
$746,657
Cap Rate 9%
$580,733
Alternative Uses
Best Use
Multifamily LT 5
$746.7K
$653.3K – $871.1K
NOI $52,266 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$682.2K
$596.9K – $795.9K
NOI $47,753 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$1.00M
$876.0K – $1.17M
NOI $70,082 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,328
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 - Three-level residence with flexible rooms, energy-efficient systems, and a detached garage.
Where is this duplex located?
The property is located at 3829 Osage St Denver, CO.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Contemporary duplex built in 2019 at 3829 Osage St, Denver, CO 80211; Directly across from La Raza Park in Sunnyside; Finished basement with media room, guest bedroom, full bath, tall ceilings, and storage
