Brick Duplex with Covered
For Sale
$950,000
4381 Osceola St, Denver, CO 80212
Two-unit brick property with flexible occupancy, covered outdoor areas, and dedicated parking.
Property Size2,038 SF
Price / SF$466.14
Days on Market8
Property Features for 4381 Osceola St
General Information
Standard status
Active
Size
2,038 SF
Total Parking Spaces
4
Property subtype
Duplex
Units
Unit Mix
1 x 3BD/1BA (1,120 sq ft), 1 x 2BD/1BA (918 sq ft)
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,701
Amenities
ceiling fans
covered porches
irrigated landscaping
Building Details
Building Size
2,038 SF
Year Built
1958
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
Milehiproperty
Listed By:
Bob Bell
(720) 201-9192
Source:
Corken
Added: Sep 20
Changed: Sep 26
Last Checked: Sep 26 at 1:30PM
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 Milehiproperty
Investment Insights
Based on property information with market context.
Built in 1958, this brick duplex contains 2,038 total sq ft arranged as two separate residences: a 3BD/1BA unit with 1,120 sq ft and a 2BD/1BA unit with 918 sq ft. Interior features include quartz/Corian countertops, durable flooring, and ceiling fans. Each side has a covered porch, while the property also provides a 2-car garage, two off-street parking spaces, and irrigated landscaping.
The property is located at 4381 Osceola St in Denver, near Tennyson St and parks, with access to I-70 nearby. A 91 Walk Score adds to the area's pedestrian-oriented setting. Both residences are occupied under month-to-month terms, and the duplex may be purchased together or individually.
The property is located at 4381 Osceola St in Denver, near Tennyson St and parks, with access to I-70 nearby. A 91 Walk Score adds to the area's pedestrian-oriented setting. Both residences are occupied under month-to-month terms, and the duplex may be purchased together or individually.
Key Highlights
- 2,038 total sq ft duplex with 3BD/1BA and 2BD/1BA units
- Unit sizes of 1,120 sq ft and 918 sq ft
- 2‑car garage plus 2 off‑street parking spaces
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
$33,869
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
3.57%
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%
$677,380
$677.4K
Cap Rate 7%
$483,843
$483.8K
Cap Rate 9%
$376,322
$376.3K
Market Conditions
NOI Build-Up for 2,038 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
$51.4K $25.20/SF
− Vacancy
−$3.0K −$1.46/SF
EGI
$48.4K $23.74/SF
− OpEx
−$14.5K −$7.12/SF
NOI
$33.9K $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%
$677,380
Cap Rate 7%
$483,843
Cap Rate 9%
$376,322
Alternative Uses
Best Use
Multifamily LT 5
$483.8K
$423.4K – $564.5K
NOI $33,869 @ 7.0% cap · market cap 3.57%
Second Best
Apartment 5plus
$442.1K
$386.8K – $515.7K
NOI $30,944 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$648.8K
$567.7K – $756.9K
NOI $45,414 @ 7.0% cap · market cap 4.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,326
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit brick property with flexible occupancy, covered outdoor areas, and dedicated parking.
Where is this duplex located?
The property is located at 4381 Osceola St Denver, CO.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 2,038 total sq ft duplex with 3BD/1BA and 2BD/1BA units; Unit sizes of 1,120 sq ft and 918 sq ft; 2‑car garage plus 2 off‑street parking spaces
