Duplex with Fenced
For Sale
$525,000
3845 Wyandot St, Denver, CO 80211
Two-bedroom residence with an updated kitchen, private outdoor space, and alley access to a one-car garage.
Property Size890 SF
Days on Market65
Property Features for 3845 Wyandot St
General Information
Standard status
Active
Size
890 SF
Total Parking Spaces
1
Property subtype
Duplex
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,777
Amenities
hardwood floors
updated kitchen
stainless steel appliances
subway tile backsplash
carpeted bedrooms
private yard
fully fenced yard
Building Details
Building Size
890 SF
Year Built
1980
Buildings
1
Listing Agency:
Capital Property Group LLC
(303) 204-4464
Listed By:
Josh Horwitz · License #CO100076396
(303) 204-4464
Source:
Corken
Added: Jun 29
Changed: Aug 31
Last Checked: Aug 31 at 9:29PM
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 Capital Property Group LLC
Investment Insights
Based on property information with market context.
This duplex property includes a two-bedroom residence with hardwood flooring in the main living areas, carpeted bedrooms, and an updated kitchen equipped with stainless steel appliances and a subway tile backsplash. The home also features a private, fully fenced yard and an oversized one-car garage reached from the alley. The property was built in 1980.
Street parking is available, while the garage provides off-street parking and direct access to the yard. The surrounding Sunnyside neighborhood offers restaurants, breweries, coffee shops, and parks within minutes of the property. The residence is located at 3845 Wyandot St in Denver, Colorado.
Street parking is available, while the garage provides off-street parking and direct access to the yard. The surrounding Sunnyside neighborhood offers restaurants, breweries, coffee shops, and parks within minutes of the property. The residence is located at 3845 Wyandot St in Denver, Colorado.
Key Highlights
- Two‑bedroom residence with hardwood floors and carpeted bedrooms
- Updated kitchen with stainless steel appliances and subway tile backsplash
- Fully fenced, low‑maintenance private yard
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
$14,791
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
2.82%
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%
$295,820
$295.8K
Cap Rate 7%
$211,300
$211.3K
Cap Rate 9%
$164,344
$164.3K
Market Conditions
NOI Build-Up for 890 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
$22.4K $25.20/SF
− Vacancy
−$1.3K −$1.46/SF
EGI
$21.1K $23.74/SF
− OpEx
−$6.3K −$7.12/SF
NOI
$14.8K $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%
$295,820
Cap Rate 7%
$211,300
Cap Rate 9%
$164,344
Alternative Uses
Best Use
Multifamily LT 5
$211.3K
$184.9K – $246.5K
NOI $14,791 @ 7.0% cap · market cap 2.82%
Second Best
Apartment 5plus
$193.0K
$168.9K – $225.2K
NOI $13,513 @ 7.0% cap · market cap 2.57%
Theoretical Best
Office A
$283.3K
$247.9K – $330.5K
NOI $19,832 @ 7.0% cap · market cap 3.78%
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
1,563
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-bedroom residence with an updated kitchen, private outdoor space, and alley access to a one-car garage.
Where is this duplex located?
The property is located at 3845 Wyandot St Denver, CO.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two‑bedroom residence with hardwood floors and carpeted bedrooms; Updated kitchen with stainless steel appliances and subway tile backsplash; Fully fenced, low‑maintenance private yard
