New-Construction
New
For Sale
$1,595,000
4515 Stuart St, Denver, CO 80113
Three-level duplex property with finished basement space, rooftop deck, and upgraded interior finishes.
Property Size3,540 SF
Days on Market5
Property Features for 4515 Stuart St
General Information
Standard status
Active
Size
3,540 SF
Property subtype
Duplex
Amenities
white oak engineered hardwood flooring
dedicated study
open-concept main level
custom cabinetry
quartz countertops
spacious island
walk-in pantry
dedicated coffee bar
Dacor appliance package
double-sided gas fireplace
pre-wiring for sound
primary suite with walk-in closet and deck access
heated tile flooring
dual sinks
frameless glass walk-in shower
laundry room with upper cabinetry
bonus room with built-in wet bar
rooftop deck with covered and open-air spaces
finished basement with family room, custom cabinetry, guest bedroom, full bathroom, storage
patio with pre-wiring for sound and gas stub for future grill
Building Details
Building Size
3,540 SF
Year Built
2026
Listing Agency:
Compass - Denver
Listed By:
Joshua McKinley · License #100042456
(720) 375-3661
Source:
Corken
Added: Sep 11
Changed: Sep 15
Last Checked: Sep 15 at 9:45AM
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 Compass - Denver
Investment Insights
Based on property information with market context.
This 2026-built duplex property offers a three-level interior arrangement with a finished basement. The main level includes an open kitchen, dining, and living configuration, along with a dedicated study. Kitchen features include custom cabinetry, quartz countertops, an island, walk-in pantry, coffee bar, and Dacor appliances. A double-sided gas fireplace connects the primary gathering areas.
The upper level contains a primary suite with walk-in closet and deck access, two additional bedrooms, a full bathroom, and a laundry room with upper cabinetry. A bonus room with wet bar opens to a rooftop deck with covered and open-air sections. The finished basement adds a family room, guest bedroom, full bathroom, and storage. Exterior features include a patio with sound pre-wiring and a gas stub for a future grill.
The upper level contains a primary suite with walk-in closet and deck access, two additional bedrooms, a full bathroom, and a laundry room with upper cabinetry. A bonus room with wet bar opens to a rooftop deck with covered and open-air sections. The finished basement adds a family room, guest bedroom, full bathroom, and storage. Exterior features include a patio with sound pre-wiring and a gas stub for a future grill.
Key Highlights
- Built in 2026
- Open kitchen, dining, and living arrangement with quartz countertops and Dacor appliances
- Primary suite includes walk‑in closet and direct deck access
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
$58,830
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
3.69%
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%
$1,176,600
$1.2M
Cap Rate 7%
$840,429
$840.4K
Cap Rate 9%
$653,667
$653.7K
Market Conditions
NOI Build-Up for 3,540 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
$89.2K $25.20/SF
− Vacancy
−$5.2K −$1.46/SF
EGI
$84.0K $23.74/SF
− OpEx
−$25.2K −$7.12/SF
NOI
$58.8K $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%
$1,176,600
Cap Rate 7%
$840,429
Cap Rate 9%
$653,667
Alternative Uses
Best Use
Multifamily LT 5
$840.4K
$735.4K – $980.5K
NOI $58,830 @ 7.0% cap · market cap 3.69%
Second Best
Apartment 5plus
$767.9K
$671.9K – $895.8K
NOI $53,750 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$1.13M
$986.1K – $1.31M
NOI $78,884 @ 7.0% cap · market cap 4.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
992
Businesses Nearby
Explore this area
Business Placement
Demographics for 80113, CO
22,821
Population
11,447
Households
2
Avg Household Size
39
Median Age
58%
College-Educated
95%
High-School Grad
7.7 sq mi
ZIP Area
2,964
Density / Sq Mi
$95,543
Median Household Income
$59,529
Median Earnings
$1,588
Median Rent
$699,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Three-level duplex property with finished basement space, rooftop deck, and upgraded interior finishes.
Where is this duplex located?
The property is located at 4515 Stuart St Denver, CO.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Built in 2026; Open kitchen, dining, and living arrangement with quartz countertops and Dacor appliances; Primary suite includes walk‑in closet and direct deck access
