Mid-Century
New
For Sale
$675,000
Pending
3863 Perry St, Denver, CO 80212
Finished lower-level space, private outdoor area, and multiple parking options expand the property’s functional appeal.
Property Size1,829 SF
Days on Market6
Property Features for 3863 Perry St
General Information
Standard status
Pending
Size
1,829 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,145
Amenities
patio
fenced yard
Building Details
Building Size
1,829 SF
Year Built
1952
Buildings
1
Construction
mid-century
Listing Agency:
Milehimodern
Listed By:
Mariah Henry
(714) 274-3381
Source:
Corken
Added: Sep 10
Changed: Sep 14
Last Checked: Sep 15 at 11:22AM
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 Milehimodern
Investment Insights
Based on property information with market context.
Built in 1952, this duplex combines period details with a practical residential layout. Interior features include coved ceilings, original hardwood flooring, wide windows, generous living areas, and a bright kitchen equipped with white cabinetry and stainless steel appliances. The finished basement provides flexible additional space along with three non-conforming bedrooms.
Exterior amenities include a private fenced backyard with a flat grassy area and patio. Parking and storage are supported by a one-car garage and carport. The property is located in Berkeley, four blocks from Tennyson Street and Highland Square, placing dining, retail, and nightlife within a short walk.
Exterior amenities include a private fenced backyard with a flat grassy area and patio. Parking and storage are supported by a one-car garage and carport. The property is located in Berkeley, four blocks from Tennyson Street and Highland Square, placing dining, retail, and nightlife within a short walk.
Key Highlights
- Duplex built in 1952
- Finished basement with three additional non‑conforming bedrooms
- Coved ceilings and original hardwood floors
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
$30,395
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
4.50%
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%
$607,900
$607.9K
Cap Rate 7%
$434,214
$434.2K
Cap Rate 9%
$337,722
$337.7K
Market Conditions
NOI Build-Up for 1,829 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
$46.1K $25.20/SF
− Vacancy
−$2.7K −$1.46/SF
EGI
$43.4K $23.74/SF
− OpEx
−$13.0K −$7.12/SF
NOI
$30.4K $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%
$607,900
Cap Rate 7%
$434,214
Cap Rate 9%
$337,722
Alternative Uses
Best Use
Multifamily LT 5
$434.2K
$379.9K – $506.6K
NOI $30,395 @ 7.0% cap · market cap 4.50%
Second Best
Apartment 5plus
$396.7K
$347.1K – $462.9K
NOI $27,771 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$582.2K
$509.5K – $679.3K
NOI $40,757 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,801
Businesses Nearby
Explore this area
Business Placement
Demographics for 80212, CO
20,397
Population
10,870
Households
1.9
Avg Household Size
38
Median Age
64%
College-Educated
96%
High-School Grad
3.6 sq mi
ZIP Area
5,666
Density / Sq Mi
$118,692
Median Household Income
$76,379
Median Earnings
$1,714
Median Rent
$705,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Finished lower-level space, private outdoor area, and multiple parking options expand the property’s functional appeal.
Where is this duplex located?
The property is located at 3863 Perry St Denver, CO.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Duplex built in 1952; Finished basement with three additional non‑conforming bedrooms; Coved ceilings and original hardwood floors
