All-Brick Side-by-Side
For Sale
$788,950
5321 King Ct, Denver, CO 80221
Two remodeled units each include an attached one-car garage and private patio.
Property Size1,912 SF
Days on Market85
Property Features for 5321 King Ct
General Information
Standard status
Active
Size
1,912 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,392
Amenities
covered front porch
sprinkler system
private patios
privacy fencing
storage shed
ceiling fans
Building Details
Building Size
1,912 SF
Year Built
1972
Buildings
1
Construction
all-brick
Listing Agency:
Metro Brokers Colorado Property Finders, LLC
(303) 919-8849
Listed By:
Tate Sanchez
(303) 919-8849
Source:
Corken
Added: Jun 6
Changed: Aug 28
Last Checked: Aug 29 at 1:46PM
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 Metro Brokers Colorado Property Finders, LLC
Investment Insights
Based on property information with market context.
This 1972 duplex is arranged as two adjoining units with all-brick construction. Both residences have been updated over time with remodeled kitchens and bathrooms, refreshed flooring and paint, replacement doors and windows, and a newer roof. Appliances and multiple ceiling fans are included. Each unit has an attached one-car garage, covered front porch, private patio, and access to a sprinkler system serving the front and rear yards. Privacy fencing adds separation between the outdoor areas, while one side also includes a storage shed.
The property is one block from Regis University and carries a Denver address while sitting in unincorporated Adams County. Its side-by-side layout, separate patios, garages, and completed renovations provide a practical configuration for occupancy or rental use.
The property is one block from Regis University and carries a Denver address while sitting in unincorporated Adams County. Its side-by-side layout, separate patios, garages, and completed renovations provide a practical configuration for occupancy or rental use.
Key Highlights
- Two side‑by‑side duplex units with all‑brick construction
- Each unit includes an attached one‑car garage and private patio
- Remodeled kitchens and bathrooms, updated flooring, paint, doors, windows, and roof
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
$31,775
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
4.03%
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%
$635,500
$635.5K
Cap Rate 7%
$453,929
$453.9K
Cap Rate 9%
$353,056
$353.1K
Market Conditions
NOI Build-Up for 1,912 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
$48.2K $25.20/SF
− Vacancy
−$2.8K −$1.46/SF
EGI
$45.4K $23.74/SF
− OpEx
−$13.6K −$7.12/SF
NOI
$31.8K $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%
$635,500
Cap Rate 7%
$453,929
Cap Rate 9%
$353,056
Alternative Uses
Best Use
Multifamily LT 5
$453.9K
$397.2K – $529.6K
NOI $31,775 @ 7.0% cap · market cap 4.03%
Second Best
Apartment 5plus
$414.7K
$362.9K – $483.9K
NOI $29,031 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$608.7K
$532.6K – $710.1K
NOI $42,606 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
514
Businesses Nearby
Explore this area
Business Placement
Demographics for 80221, CO
42,224
Population
15,165
Households
2.8
Avg Household Size
34
Median Age
28%
College-Educated
84%
High-School Grad
9.1 sq mi
ZIP Area
4,640
Density / Sq Mi
$84,425
Median Household Income
$42,720
Median Earnings
$1,642
Median Rent
$449,700
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 remodeled units each include an attached one-car garage and private patio.
Where is this duplex located?
The property is located at 5321 King Ct Denver, CO.
What is the asking price?
The asking price for this property is $788,950.
What are key features of this property?
This property features: Two side‑by‑side duplex units with all‑brick construction; Each unit includes an attached one‑car garage and private patio; Remodeled kitchens and bathrooms, updated flooring, paint, doors, windows, and roof
