Renovated Duplex Property with
For Sale
$359,000
4775 N Williams St, Denver, CO 80216
Permitted renovation delivers updated systems, a detached garage, central air conditioning, and no HOA restrictions.
Property Size996 SF
Days on Market67
Property Features for 4775 N Williams St
General Information
Standard status
Active
Size
996 SF
Total Parking Spaces
1
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,873
Amenities
laundry room
fenced backyard
central air conditioning
Building Details
Building Size
996 SF
Year Built
1886
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 3:39PM
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 reflects a comprehensive permitted renovation completed from the studs. Improvements include new plumbing, electrical, roof, siding, windows, furnace, central air conditioning, water heater, and interior finishes. The residence includes an open-concept living area, two bedrooms, one updated bathroom, a kitchen with white shaker cabinetry, quartz countertops, breakfast bar, and stainless steel appliances, plus a dedicated laundry room with washer and dryer. Approximately 174 square feet of stand-up crawl space storage and a newly built detached one-car garage add practical utility.
The property is individually deeded and has no HOA. Located at 4775 N Williams St in Denver, it is minutes from RiNo, Downtown Denver, the National Western Center, I-70, I-25, light rail, restaurants, and breweries. The home also includes a private fenced backyard with fresh landscaping and alley access to the garage.
The property is individually deeded and has no HOA. Located at 4775 N Williams St in Denver, it is minutes from RiNo, Downtown Denver, the National Western Center, I-70, I-25, light rail, restaurants, and breweries. The home also includes a private fenced backyard with fresh landscaping and alley access to the garage.
Key Highlights
- Comprehensive permitted renovation completed from the studs
- Two‑bedroom residence with updated bathroom and open‑concept interior
- New plumbing, electrical, roof, siding, windows, furnace, central A/C, and water heater
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
$16,552
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
4.61%
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%
$331,040
$331.0K
Cap Rate 7%
$236,457
$236.5K
Cap Rate 9%
$183,911
$183.9K
Market Conditions
NOI Build-Up for 996 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
$25.1K $25.20/SF
− Vacancy
−$1.5K −$1.46/SF
EGI
$23.6K $23.74/SF
− OpEx
−$7.1K −$7.12/SF
NOI
$16.6K $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%
$331,040
Cap Rate 7%
$236,457
Cap Rate 9%
$183,911
Alternative Uses
Best Use
Multifamily LT 5
$236.5K
$206.9K – $275.9K
NOI $16,552 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$216.0K
$189.0K – $252.1K
NOI $15,123 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$317.1K
$277.4K – $369.9K
NOI $22,194 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway 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 delivers updated systems, a detached garage, central air conditioning, and no HOA restrictions.
Where is this duplex located?
The property is located at 4775 N Williams St Denver, CO.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Comprehensive permitted renovation completed from the studs; Two‑bedroom residence with updated bathroom and open‑concept interior; New plumbing, electrical, roof, siding, windows, furnace, central A/C, and water heater
