Duplex with Finished
New
For Sale
$300,000
4576 W Bingham Pl, Denver, CO 80219
Four-bedroom property with refreshed systems, private outdoor space, and no HOA requirement.
Property Size1,747 SF
Days on Market5
Property Features for 4576 W Bingham Pl
General Information
Standard status
Active
Size
1,747 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$1,747
Amenities
private yard
finished basement
window A/C units
Building Details
Building Size
1,747 SF
Year Built
1980
Listing Agency:
LIVE Real Estate
(720) 297-6461
Listed By:
Mikala Herz
(720) 297-6461
Source:
Guidere
Added: Aug 7
Changed: Aug 10
Last Checked: Aug 10 at 2:51AM
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 LIVE Real Estate
Investment Insights
Based on property information with market context.
This 1980 duplex provides more than 1,700 square feet of living space, with four bedrooms and two bathrooms arranged around a generous kitchen. The finished basement includes brand-new carpet, while the private yard adds outdoor space. Recent work includes a replacement roof and gutters, water heater, electrical panel, some newer windows, and updated light fixtures throughout. Two window A/C units serve the living room and bedroom.
The property offers access to public transit, shopping, dining, major highways, and routes toward the mountains. There is no HOA, and the layout supports a range of residential living arrangements.
The property offers access to public transit, shopping, dining, major highways, and routes toward the mountains. There is no HOA, and the layout supports a range of residential living arrangements.
Key Highlights
- More than 1,700 square feet with 4 bedrooms and 2 bathrooms
- Finished basement with brand‑new carpet
- Replacement roof and gutters, water heater, and electrical panel
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
$25,576
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
8.53%
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%
$511,520
$511.5K
Cap Rate 7%
$365,371
$365.4K
Cap Rate 9%
$284,178
$284.2K
Market Conditions
NOI Build-Up for 1,747 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
$38.8K $22.20/SF
− Vacancy
−$2.2K −$1.29/SF
EGI
$36.5K $20.91/SF
− OpEx
−$11.0K −$6.27/SF
NOI
$25.6K $14.64/SF
Area
ZIP 80219
Vacancy
5.79%
Lease Rate
$22.20 /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%
$511,520
Cap Rate 7%
$365,371
Cap Rate 9%
$284,178
Alternative Uses
Best Use
Multifamily LT 5
$365.4K
$319.7K – $426.3K
NOI $25,576 @ 7.0% cap · market cap 8.53%
Second Best
Apartment 5plus
$335.6K
$293.7K – $391.6K
NOI $23,494 @ 7.0% cap · market cap 7.83%
Theoretical Best
Office A
$498.3K
$436.1K – $581.4K
NOI $34,884 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
664
Businesses Nearby
Explore this area
Business Placement
Demographics for 80219, CO
61,585
Population
21,729
Households
2.8
Avg Household Size
33
Median Age
22%
College-Educated
72%
High-School Grad
7.4 sq mi
ZIP Area
8,322
Density / Sq Mi
$67,325
Median Household Income
$41,153
Median Earnings
$1,464
Median Rent
$426,200
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 - Four-bedroom property with refreshed systems, private outdoor space, and no HOA requirement.
Where is this duplex located?
The property is located at 4576 W Bingham Pl Denver, CO.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: More than 1,700 square feet with 4 bedrooms and 2 bathrooms; Finished basement with brand‑new carpet; Replacement roof and gutters, water heater, and electrical panel
