Two-Unit Duplex with Fenced
For Sale
$600,000
5450 Alcott Street, Denver, CO 80221
Separate utility meters, private outdoor areas, and off-street parking serve both residential units.
Property Size1,920 SF
Price / SF$312.50
Days on Market9
Property Features for 5450 Alcott Street
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Duplex
Additional Details
Cap Rate
5%
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$4,858
Amenities
private outdoor space
large fenced yard
Building Details
Building Size
1,920 SF
Year Built
1982
Tenancy
Multi
Listing Agency:
Compass - Denver
(303) 885-3934
Listed By:
Josh Steck · License #100006497
Source:
Corken
Added: Jul 30
Changed: Aug 2
Last Checked: Aug 7 at 1:30AM
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 Compass - Denver
Investment Insights
Based on property information with market context.
This 1982-built duplex contains two separate residences, each configured with two bedrooms and one bathroom, for approximately 1,920 total square feet. One unit is leased and occupied, while the other has been updated and is vacant for showings. Both residences offer private outdoor space and use of a large fenced yard, with off-street parking also available. Separate electric and gas meters allow each tenant to handle the utilities for their respective unit.
The property is in Denver’s Regis area, approximately 1.2 miles from Regis University, 1.3 miles from the Clear Creek/Federal Station, and 3.4 miles from Union Station. Berkeley Hills Park, shopping, dining, public transportation, and major transportation routes are nearby. The property carries a stated 5% cap rate, with rent rolls and additional financial information available for review. Showings are limited to the vacant unit; access to the occupied residence requires an executed contract.
The property is in Denver’s Regis area, approximately 1.2 miles from Regis University, 1.3 miles from the Clear Creek/Federal Station, and 3.4 miles from Union Station. Berkeley Hills Park, shopping, dining, public transportation, and major transportation routes are nearby. The property carries a stated 5% cap rate, with rent rolls and additional financial information available for review. Showings are limited to the vacant unit; access to the occupied residence requires an executed contract.
Key Highlights
- Two separate 2‑bedroom, 1‑bath units with approximately 1,920 total square feet
- Built in 1982 with one updated vacant unit and one leased, occupied unit
- Separate electric and gas meters for each residence
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
$31,908
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
5.32%
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%
$638,160
$638.2K
Cap Rate 7%
$455,829
$455.8K
Cap Rate 9%
$354,533
$354.5K
Market Conditions
NOI Build-Up for 1,920 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
$48.4K $25.20/SF
− Vacancy
−$2.8K −$1.46/SF
EGI
$45.6K $23.74/SF
− OpEx
−$13.7K −$7.12/SF
NOI
$31.9K $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%
$638,160
Cap Rate 7%
$455,829
Cap Rate 9%
$354,533
Alternative Uses
Best Use
Multifamily LT 5
$455.8K
$398.9K – $531.8K
NOI $31,908 @ 7.0% cap · market cap 5.32%
Second Best
Apartment 5plus
$416.5K
$364.4K – $485.9K
NOI $29,153 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$611.2K
$534.8K – $713.1K
NOI $42,784 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
506
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 - Separate utility meters, private outdoor areas, and off-street parking serve both residential units.
Where is this duplex located?
The property is located at 5450 Alcott Street Denver, CO.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two separate 2‑bedroom, 1‑bath units with approximately 1,920 total square feet; Built in 1982 with one updated vacant unit and one leased, occupied unit; Separate electric and gas meters for each residence
