Renovated Duplex with Gated
For Sale
$339,000
4771 N Williams St, Denver, CO 80216
Permitted renovation combines updated systems, an open interior, private yard, and alley-accessed gated parking.
Property Size965 SF
Days on Market68
Property Features for 4771 N Williams St
General Information
Standard status
Active
Size
965 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,873
Amenities
covered front porch
private fenced backyard
dedicated laundry room
storage
Building Details
Building Size
965 SF
Year Built
1886
Buildings
1
Listing Agency:
RE/MAX Professionals
(303) 748-8009
Listed By:
Damon L Chavez · License #FA100008826
(303) 748-8009
Source:
Corken
Added: Jun 24
Changed: Aug 29
Last Checked: Aug 29 at 10:35AM
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 RE/MAX Professionals
Investment Insights
Based on property information with market context.
This duplex property underwent a permitted renovation that replaced major building systems, including plumbing, electrical, roofing, siding, windows, furnace, and water heater. The interior features an open layout with luxury vinyl plank flooring, recessed lighting, white shaker cabinetry, quartz countertops, a breakfast bar, and stainless steel appliances. Two bedrooms, a remodeled bathroom, and a dedicated laundry room with washer and dryer complete the residence. A 313-square-foot stand-up crawl space adds substantial storage capacity.
Exterior features include a covered front porch, fenced private backyard, and secure gated off-street parking reached from the alley. The property is individually deeded, has no HOA, and includes a recorded party wall agreement. It is located near RiNo, Downtown Denver, the National Western Center, I-70, I-25, light rail, restaurants, and breweries, within the Denver Triangle Vision Plan area.
Exterior features include a covered front porch, fenced private backyard, and secure gated off-street parking reached from the alley. The property is individually deeded, has no HOA, and includes a recorded party wall agreement. It is located near RiNo, Downtown Denver, the National Western Center, I-70, I-25, light rail, restaurants, and breweries, within the Denver Triangle Vision Plan area.
Key Highlights
- Permitted renovation replaced plumbing, electrical, roof, siding, windows, furnace, and water heater
- 313 SF stand‑up crawl space provides additional storage
- Two‑bedroom layout with remodeled bath and dedicated laundry room
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
$16,037
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
4.73%
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%
$320,740
$320.7K
Cap Rate 7%
$229,100
$229.1K
Cap Rate 9%
$178,189
$178.2K
Market Conditions
NOI Build-Up for 965 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
$24.3K $25.20/SF
− Vacancy
−$1.4K −$1.46/SF
EGI
$22.9K $23.74/SF
− OpEx
−$6.9K −$7.12/SF
NOI
$16.0K $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%
$320,740
Cap Rate 7%
$229,100
Cap Rate 9%
$178,189
Alternative Uses
Best Use
Multifamily LT 5
$229.1K
$200.5K – $267.3K
NOI $16,037 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$209.3K
$183.2K – $244.2K
NOI $14,652 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$307.2K
$268.8K – $358.4K
NOI $21,504 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
487
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 - Permitted renovation combines updated systems, an open interior, private yard, and alley-accessed gated parking.
Where is this duplex located?
The property is located at 4771 N Williams St Denver, CO.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Permitted renovation replaced plumbing, electrical, roof, siding, windows, furnace, and water heater; 313 SF stand‑up crawl space provides additional storage; Two‑bedroom layout with remodeled bath and dedicated laundry room
