Duplex with Rooftop
For Sale
$654,900
550 S Forest St 1-101, Denver, CO 80246
New construction pairs open-concept living with en suite bedrooms, private outdoor areas, and a garage.
Property Size1,861 SF
Days on Market64
Property Features for 550 S Forest St 1-101
General Information
Standard status
Active
Size
1,861 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$12,659
Amenities
built-in speakers
Sonos sound system
pre-wired camera system
decks
rooftop terrace
Building Details
Building Size
1,861 SF
Year Built
2026
Listing Agency:
Legacy 100 Real Estate Partners LLC
(303) 503-2232
Listed By:
Ramon Vargas · License #FA40016606
(303) 503-2232
Source:
Guidere
Added: Jun 5
Changed: Aug 5
Last Checked: Aug 7 at 12:48AM
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 Legacy 100 Real Estate Partners LLC
Investment Insights
Based on property information with market context.
This new-construction duplex offers an open main level with hardwood floors, clean architectural lines, and a kitchen connected to the living area. A half bath serves the main floor, while two upstairs bedrooms feature en suite bathrooms and walk-in closets. The primary suite provides additional space within the private upper-level layout.
Outdoor features include multiple decks and a rooftop terrace with mountain views. Built-in speakers, a Sonos sound system, and pre-wiring for cameras add integrated technology. The property also includes a two-car garage and no HOA.
The home is located at 550 S Forest St in Denver, near 4 Mile Historic Park and minutes from Cherry Creek shopping and dining. Year built: 2026.
Outdoor features include multiple decks and a rooftop terrace with mountain views. Built-in speakers, a Sonos sound system, and pre-wiring for cameras add integrated technology. The property also includes a two-car garage and no HOA.
The home is located at 550 S Forest St in Denver, near 4 Mile Historic Park and minutes from Cherry Creek shopping and dining. Year built: 2026.
Key Highlights
- New construction duplex built in 2026
- Two upstairs en suite bedrooms with walk‑in closets
- Rooftop terrace and multiple decks with mountain views
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
$30,927
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
4.72%
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%
$618,540
$618.5K
Cap Rate 7%
$441,814
$441.8K
Cap Rate 9%
$343,633
$343.6K
Market Conditions
NOI Build-Up for 1,861 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
$46.9K $25.20/SF
− Vacancy
−$2.7K −$1.46/SF
EGI
$44.2K $23.74/SF
− OpEx
−$13.3K −$7.12/SF
NOI
$30.9K $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%
$618,540
Cap Rate 7%
$441,814
Cap Rate 9%
$343,633
Alternative Uses
Best Use
Multifamily LT 5
$441.8K
$386.6K – $515.5K
NOI $30,927 @ 7.0% cap · market cap 4.72%
Second Best
Apartment 5plus
$403.7K
$353.2K – $471.0K
NOI $28,257 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$592.4K
$518.4K – $691.2K
NOI $41,470 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,596
Businesses Nearby
Explore this area
Business Placement
Demographics for 80246, CO
13,265
Population
8,148
Households
1.6
Avg Household Size
32
Median Age
59%
College-Educated
96%
High-School Grad
1.7 sq mi
ZIP Area
7,803
Density / Sq Mi
$66,503
Median Household Income
$47,870
Median Earnings
$1,661
Median Rent
$659,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - New construction pairs open-concept living with en suite bedrooms, private outdoor areas, and a garage.
Where is this duplex located?
The property is located at 550 S Forest St 1-101 Denver, CO.
What is the asking price?
The asking price for this property is $654,900.
What are key features of this property?
This property features: New construction duplex built in 2026; Two upstairs en suite bedrooms with walk‑in closets; Rooftop terrace and multiple decks with mountain views
