Modern Three-Level
New
For Sale
$1,350,000
4498 Utica St, Denver, CO 80212
Built in 2023 with rooftop mountain views, private outdoor space, and a two-car garage.
Property Size2,383 SF
Days on Market4
Property Features for 4498 Utica St
General Information
Standard status
Active
Size
2,383 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Furnished
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,796
Amenities
fireplace
private patio
grassy backyard
rooftop deck
wet bar
walk-in laundry room
storage loft
Building Details
Building Size
2,383 SF
Year Built
2023
Buildings
1
Stories
3
Listing Agency:
The Agency - Denver
(303) 521-5025
Listed By:
The Blank and Bingham Team
(303) 521-5025
Source:
Corken
Added: Aug 26
Changed: Aug 28
Last Checked: Aug 29 at 4:40PM
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 The Agency - Denver
Investment Insights
Based on property information with market context.
This 2023 duplex features a three-level layout with an open main floor, 9-foot ceilings, hardwood flooring, a fireplace, and sliding glass doors opening to a private patio and grassy backyard. The kitchen includes a 13-foot island, quartz countertops, stainless steel appliances, a gas range, and custom tile details. The upper level adds a primary suite with a walk-in closet, double vanity, and walk-in shower, along with two additional bedrooms, a full bathroom, and a dedicated laundry room.
The top floor provides a flexible bonus room, wet bar, half bathroom, and access to a rooftop deck with mountain views. Additional improvements include a two-car garage with a storage loft. The property is one block from the shops and restaurants of Tennyson Street and may be purchased fully furnished.
The top floor provides a flexible bonus room, wet bar, half bathroom, and access to a rooftop deck with mountain views. Additional improvements include a two-car garage with a storage loft. The property is one block from the shops and restaurants of Tennyson Street and may be purchased fully furnished.
Key Highlights
- 2023 construction with a three‑level layout
- 13‑foot kitchen island with quartz countertops and stainless steel appliances
- Rooftop deck with mountain views, wet bar, and half bathroom
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
$39,602
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
2.93%
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%
$792,040
$792.0K
Cap Rate 7%
$565,743
$565.7K
Cap Rate 9%
$440,022
$440.0K
Market Conditions
NOI Build-Up for 2,383 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
$60.1K $25.20/SF
− Vacancy
−$3.5K −$1.46/SF
EGI
$56.6K $23.74/SF
− OpEx
−$17.0K −$7.12/SF
NOI
$39.6K $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%
$792,040
Cap Rate 7%
$565,743
Cap Rate 9%
$440,022
Alternative Uses
Best Use
Multifamily LT 5
$565.7K
$495.0K – $660.0K
NOI $39,602 @ 7.0% cap · market cap 2.93%
Second Best
Apartment 5plus
$516.9K
$452.3K – $603.1K
NOI $36,183 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$758.6K
$663.8K – $885.0K
NOI $53,102 @ 7.0% cap · market cap 3.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,437
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
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 - Built in 2023 with rooftop mountain views, private outdoor space, and a two-car garage.
Where is this duplex located?
The property is located at 4498 Utica St Denver, CO.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 2023 construction with a three‑level layout; 13‑foot kitchen island with quartz countertops and stainless steel appliances; Rooftop deck with mountain views, wet bar, and half bathroom
