Turnkey Renovated
New
For Sale
$1,899,000
544 Monroe St, Denver, CO 80206
Extensively updated property with luxury finishes, multiple living areas, and an attached two-car garage.
Property Size3,614 SF
Days on Market5
Property Features for 544 Monroe St
General Information
Standard status
Active
Size
3,614 SF
Total Parking Spaces
2
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$8,354
Amenities
fireplace
soaking tub
wet bar
wine fridge
exercise studio
media room
Building Details
Building Size
3,614 SF
Year Built
1999
Listing Agency:
Camber Realty, LTD
Listed By:
Jen Niederhauser
(720) 261-5665
Source:
Guidere
Added: Sep 4
Changed: Sep 6
Last Checked: Sep 7 at 9:07AM
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 Camber Realty, LTD
Investment Insights
Based on property information with market context.
This extensively renovated duplex property combines redesigned interiors with maintained or replaced major systems. The residence includes a walnut entry door, spacious foyer, bright front room with fireplace, dining area, powder room, and a Scandinavian-influenced kitchen equipped with Thermador appliances. A breakfast nook, additional storage, living area, accordion doors, mudroom, and attached two-car garage add practical functionality.
The upper level features a primary suite with tree views, fireplace, high ceilings, a soaking tub, dual sinks, walk-in shower, and fitted closet storage. A secondary suite includes a walk-in closet and en-suite bath. The finished basement adds a guest suite, media room with wet bar and wine fridge, exercise studio, and storage space. Exterior improvements include new stone steps, retaining walls, gardens, and a private patio. The property is located near Cherry Creek and the shops and restaurants of Congress Park.
The upper level features a primary suite with tree views, fireplace, high ceilings, a soaking tub, dual sinks, walk-in shower, and fitted closet storage. A secondary suite includes a walk-in closet and en-suite bath. The finished basement adds a guest suite, media room with wet bar and wine fridge, exercise studio, and storage space. Exterior improvements include new stone steps, retaining walls, gardens, and a private patio. The property is located near Cherry Creek and the shops and restaurants of Congress Park.
Key Highlights
- Extensively renovated interiors with maintained or replaced major systems
- Thermador appliances in a redesigned kitchen with adjacent breakfast nook
- Attached two‑car garage with mudroom 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
$60,060
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
3.16%
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%
$1,201,200
$1.2M
Cap Rate 7%
$858,000
$858.0K
Cap Rate 9%
$667,333
$667.3K
Market Conditions
NOI Build-Up for 3,614 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
$91.1K $25.20/SF
− Vacancy
−$5.3K −$1.46/SF
EGI
$85.8K $23.74/SF
− OpEx
−$25.7K −$7.12/SF
NOI
$60.1K $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%
$1,201,200
Cap Rate 7%
$858,000
Cap Rate 9%
$667,333
Alternative Uses
Best Use
Multifamily LT 5
$858.0K
$750.8K – $1.00M
NOI $60,060 @ 7.0% cap · market cap 3.16%
Second Best
Apartment 5plus
$783.9K
$685.9K – $914.6K
NOI $54,874 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,533 @ 7.0% cap · market cap 4.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,612
Businesses Nearby
Explore this area
Business Placement
Demographics for 80206, CO
26,108
Population
15,580
Households
1.7
Avg Household Size
38
Median Age
78%
College-Educated
97%
High-School Grad
2.5 sq mi
ZIP Area
10,443
Density / Sq Mi
$102,248
Median Household Income
$69,908
Median Earnings
$1,694
Median Rent
$892,200
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 - Extensively updated property with luxury finishes, multiple living areas, and an attached two-car garage.
Where is this duplex located?
The property is located at 544 Monroe St Denver, CO.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: Extensively renovated interiors with maintained or replaced major systems; Thermador appliances in a redesigned kitchen with adjacent breakfast nook; Attached two‑car garage with mudroom access
