Updated Up/Down
For Sale
$875,000
4411-4411 N Umatilla, Denver, CO 80206
Two separately metered units offer private entrances, in-unit laundry, and covered off-street parking.
Property Size2,321 SF
Price / SF$376.99
Days on Market17
Property Features for 4411-4411 N Umatilla
General Information
Standard status
Active
Size
2,321 SF
Total Parking Spaces
2
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,854
Amenities
ceiling fans
washer/dryer
Building Details
Buildings
1
Listing Agency:
MODUS Real Estate
(303) 974-4717
Listed By:
John Adams
(720) 884-7650
Source:
Exprealty
Added: Aug 17
Changed: Aug 31
Last Checked: Sep 2 at 1:04AM
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 MODUS Real Estate
Investment Insights
Based on property information with market context.
This 2,321-square-foot duplex is arranged as an upper residence and a lower residence, with each unit accessed through its own private entrance. Both homes feature refreshed bathrooms, ceiling fans, and updated paint. The lower unit includes a renovated kitchen with butcher-block countertops and stainless steel appliances, while each residence has its own washer and dryer. Separate gas and electric meters support independent utility service, and the property includes two covered off-street parking spaces.
The property is located in Denver’s Sunnyside neighborhood near Chaffee Park, Monkey Barrel, and Radiator. Potter Highlands, the Tennyson Street corridor, and Tejon Street restaurants, shops, and breweries are within the surrounding area. Downtown, LoHi, and the Highlands are described as minutes away, with access to I-25 and I-70.
The property is located in Denver’s Sunnyside neighborhood near Chaffee Park, Monkey Barrel, and Radiator. Potter Highlands, the Tennyson Street corridor, and Tejon Street restaurants, shops, and breweries are within the surrounding area. Downtown, LoHi, and the Highlands are described as minutes away, with access to I-25 and I-70.
Key Highlights
- 2,321 SF up/down duplex with two separate residences
- Private entrance and separate gas and electric meters for each unit
- Lower unit kitchen with butcher‑block countertops and stainless appliances
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
$38,572
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
4.41%
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%
$771,440
$771.4K
Cap Rate 7%
$551,029
$551.0K
Cap Rate 9%
$428,578
$428.6K
Market Conditions
NOI Build-Up for 2,321 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
$58.5K $25.20/SF
− Vacancy
−$3.4K −$1.46/SF
EGI
$55.1K $23.74/SF
− OpEx
−$16.5K −$7.12/SF
NOI
$38.6K $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%
$771,440
Cap Rate 7%
$551,029
Cap Rate 9%
$428,578
Alternative Uses
Best Use
Multifamily LT 5
$551.0K
$482.2K – $642.9K
NOI $38,572 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$503.4K
$440.5K – $587.4K
NOI $35,241 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$738.9K
$646.5K – $862.0K
NOI $51,720 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,100
Businesses Nearby
Explore this area
Business Placement
Demographics for 80206, CO
26,108
Population
15,580
Households
1.7
Avg Household Size
38
Median Age
78%
College-Educated
97%
High-School Grad
2.5 sq mi
ZIP Area
10,443
Density / Sq Mi
$102,248
Median Household Income
$69,908
Median Earnings
$1,694
Median Rent
$892,200
Median Home Value
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 separately metered units offer private entrances, in-unit laundry, and covered off-street parking.
Where is this duplex located?
The property is located at 4411-4411 N Umatilla Denver, CO.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 2,321 SF up/down duplex with two separate residences; Private entrance and separate gas and electric meters for each unit; Lower unit kitchen with butcher‑block countertops and stainless appliances
