Updated Two-Unit
For Sale
$510,000
4768 Vine Street, Denver, CO 80216
Renovated property with furnished upper-level living space, upgraded systems, and convenient interstate access.
Property Size1,636 SF
Days on Market177
Property Features for 4768 Vine Street
General Information
Standard status
Active
Size
1,636 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,191
Amenities
mountain views
front deck
tankless water heater
mini-split systems
central A/C
double-pane windows
Building Details
Building Size
1,636 SF
Year Built
1898
Buildings
1
Tenancy
Multi
Listing Agency:
Keller Williams Integrity Real Estate LLC
(407) 539-4963
Listed By:
Zuzana Zitna
Source:
Corken
Added: Feb 26
Changed: Aug 15
Last Checked: Aug 21 at 11:29AM
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 Keller Williams Integrity Real Estate LLC
Investment Insights
Based on property information with market context.
This duplex, built in 1898, has two bedrooms and one bathroom in each unit. Renovations include contemporary kitchens, double-pane vinyl windows, updated electrical, water-resistant luxury vinyl flooring in the primary living areas, and tile bathrooms. Both units have air conditioning, while bathroom and kitchen ventilation fans have also been added.
The upper unit includes a front deck with mountain views, a tankless water heater, three mini-split systems, and furnishings. The lower unit is equipped with forced-air heating and central A/C. The property offers access to I-25 and I-70 and is near the historic National Western Complex. It is being sold strictly as-is.
The upper unit includes a front deck with mountain views, a tankless water heater, three mini-split systems, and furnishings. The lower unit is equipped with forced-air heating and central A/C. The property offers access to I-25 and I-70 and is near the historic National Western Complex. It is being sold strictly as-is.
Key Highlights
- Duplex with two bedrooms and one bathroom in each unit
- Built in 1898 and renovated throughout
- Upper unit includes furnishings, front deck, and mountain views
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
$27,188
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
5.33%
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%
$543,760
$543.8K
Cap Rate 7%
$388,400
$388.4K
Cap Rate 9%
$302,089
$302.1K
Market Conditions
NOI Build-Up for 1,636 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
$41.2K $25.20/SF
− Vacancy
−$2.4K −$1.46/SF
EGI
$38.8K $23.74/SF
− OpEx
−$11.7K −$7.12/SF
NOI
$27.2K $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%
$543,760
Cap Rate 7%
$388,400
Cap Rate 9%
$302,089
Alternative Uses
Best Use
Multifamily LT 5
$388.4K
$339.9K – $453.1K
NOI $27,188 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$354.9K
$310.5K – $414.0K
NOI $24,840 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$520.8K
$455.7K – $607.6K
NOI $36,456 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
489
Businesses Nearby
Explore this area
Business Placement
Demographics for 80216, CO
15,915
Population
6,924
Households
2.3
Avg Household Size
31
Median Age
38%
College-Educated
76%
High-School Grad
10.1 sq mi
ZIP Area
1,576
Density / Sq Mi
$86,869
Median Household Income
$49,966
Median Earnings
$1,934
Median Rent
$392,500
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 - Renovated property with furnished upper-level living space, upgraded systems, and convenient interstate access.
Where is this duplex located?
The property is located at 4768 Vine Street Denver, CO.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Duplex with two bedrooms and one bathroom in each unit; Built in 1898 and renovated throughout; Upper unit includes furnishings, front deck, and mountain views
