Updated Two-Unit
New
For Sale
$875,000
4411 Umatilla Street, Denver, CO 80211
Up-and-down layout with private entrances, separate utilities, and in-unit laundry for both residences.
Property Size2,321 SF
Days on Market6
Property Features for 4411 Umatilla Street
General Information
Standard status
Active
Size
2,321 SF
Total Parking Spaces
1
Property subtype
Residential Income
Zoning
U-TU-C
Lease Term
12 Months
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,854
Amenities
in-unit washer/dryer
ceiling fans
Building Details
Building Size
2,321 SF
Year Built
1942
Buildings
1
Stories
2
Listing Agency:
MODUS Real Estate
(720) 884-7650
Listed By:
John Adams
(720) 884-7650
Source:
Coloradopartners
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 25 at 8:50AM
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 full duplex is arranged as upper and lower residences, each with a private entrance, its own washer and dryer, and separate gas and electric metering. The lower unit includes a renovated kitchen with butcher-block countertops and stainless steel appliances. Both residences feature refreshed bathrooms, ceiling fans, and updated paint. Two covered off-street parking spaces are included, and the property is zoned U-TU-C.
Built in 1942, the property is located at 4411 Umatilla Street in Denver’s Sunnyside neighborhood. Chaffee Park, Monkey Barrel, and Radiator are nearby, while Potter Highlands, the Tennyson Street corridor, and Tejon Street are within a few blocks. Downtown, LoHi, and the Highlands are minutes away, with access to I-25 and I-70.
Built in 1942, the property is located at 4411 Umatilla Street in Denver’s Sunnyside neighborhood. Chaffee Park, Monkey Barrel, and Radiator are nearby, while Potter Highlands, the Tennyson Street corridor, and Tejon Street are within a few blocks. Downtown, LoHi, and the Highlands are minutes away, with access to I-25 and I-70.
Key Highlights
- Full up‑and‑down duplex with 2 residences
- Separate addresses, private entrances, and independent gas and electric meters
- Lower unit kitchen with butcher‑block countertops and stainless steel 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
Property Profile
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 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 - Up-and-down layout with private entrances, separate utilities, and in-unit laundry for both residences.
Where is this duplex located?
The property is located at 4411 Umatilla Street 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: Full up‑and‑down duplex with 2 residences; Separate addresses, private entrances, and independent gas and electric meters; Lower unit kitchen with butcher‑block countertops and stainless steel appliances
