Duplex with Updated Owner
For Sale
$750,000
4585 E Yale Ave, Denver, CO 80222
Two three-bedroom units include laundry hookups, with a garage serving one side and a carport serving the other.
Property Size2,052 SF
Days on Market176
Property Features for 4585 E Yale Ave
General Information
Standard status
Active
Size
2,052 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$3,688
Building Details
Building Size
2,052 SF
Year Built
1958
Listing Agency:
Madison \u0026 Company Properties
(303) 246-6629
Listed By:
Angela Fox · License #40043577
(303) 246-6629
Source:
Corken
Added: Mar 8
Changed: Aug 31
Last Checked: Aug 30 at 10:50PM
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 Madison \u0026 Company Properties
Investment Insights
Based on property information with market context.
This duplex contains two three-bedroom, one-bath residences, providing six bedrooms and two baths overall. The owner-side unit has been updated and also includes a basement bonus room with exterior access that can serve as office, storage, or exercise space. The second unit remains in rental condition and is occupied by a long-term renter under a month-to-month lease. Both residences have washer and dryer hookups.
Parking is divided between a one-car garage assigned to the owner unit and a carport serving the tenant unit. The property was built in 1958 and is located at 4585 /4587 E Yale Ave in Denver, near Yale Street Station and the University of Denver. The configuration supports an owner-occupancy approach while retaining a separate rental unit.
Parking is divided between a one-car garage assigned to the owner unit and a carport serving the tenant unit. The property was built in 1958 and is located at 4585 /4587 E Yale Ave in Denver, near Yale Street Station and the University of Denver. The configuration supports an owner-occupancy approach while retaining a separate rental unit.
Key Highlights
- Two‑unit duplex with 6 beds and 2 baths total
- Each unit includes 3 beds and 1 bath
- Owner unit has been updated and includes a basement bonus room with outside 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
$34,101
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
4.55%
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%
$682,020
$682.0K
Cap Rate 7%
$487,157
$487.2K
Cap Rate 9%
$378,900
$378.9K
Market Conditions
NOI Build-Up for 2,052 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
$51.7K $25.20/SF
− Vacancy
−$3.0K −$1.46/SF
EGI
$48.7K $23.74/SF
− OpEx
−$14.6K −$7.12/SF
NOI
$34.1K $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%
$682,020
Cap Rate 7%
$487,157
Cap Rate 9%
$378,900
Alternative Uses
Best Use
Multifamily LT 5
$487.2K
$426.3K – $568.4K
NOI $34,101 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$445.1K
$389.5K – $519.3K
NOI $31,157 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$653.2K
$571.6K – $762.1K
NOI $45,726 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,363
Businesses Nearby
Explore this area
Business Placement
Demographics for 80222, CO
22,381
Population
11,625
Households
1.9
Avg Household Size
38
Median Age
57%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
5,890
Density / Sq Mi
$85,354
Median Household Income
$57,833
Median Earnings
$1,715
Median Rent
$596,300
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 - Two three-bedroom units include laundry hookups, with a garage serving one side and a carport serving the other.
Where is this duplex located?
The property is located at 4585 E Yale Ave Denver, CO.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two‑unit duplex with 6 beds and 2 baths total; Each unit includes 3 beds and 1 bath; Owner unit has been updated and includes a basement bonus room with outside access
