Duplex with Finished
New
For Sale
$650,000
5769 Boston St, Denver, CO 80238
2018 duplex with modern finishes, a detached garage, and convenient access to parks, shopping, dining, and regional destinations.
Property Size2,344 SF
Days on Market6
Property Features for 5769 Boston St
General Information
Standard status
Active
Size
2,344 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,590
Amenities
covered porch
kitchen island
updated lighting fixtures
white tile backsplash
luxury vinyl flooring
oversized windows
low maintenance turf yard
soaking tub
upstairs laundry
professionally finished basement
recreation space
custom three quarter bathroom
dedicated storage
detached garage
Building Details
Building Size
2,344 SF
Year Built
2018
Listing Agency:
eXp Realty, LLC
Listed By:
Madalene Cowger
(720) 576-9873
Source:
Corken
Added: Sep 10
Changed: Sep 15
Last Checked: Sep 15 at 8:43AM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
This duplex at 5769 Boston St includes a covered porch, foyer, soaring kitchen ceilings, granite countertops, a large island, and updated lighting on the main level. White tile backsplash, luxury vinyl flooring, oversized living room windows, and a low-maintenance turf yard add to the interior and exterior features. The upper level contains a primary suite with an ensuite bathroom and soaking tub, along with an upstairs laundry area. A professionally finished basement adds recreation space, a bedroom, three-quarter bathroom, and dedicated storage. The property also includes a large detached alley-loaded garage.
Located in Central Park near Beeler Park, the home is within walking distance of shopping, restaurants, entertainment, parks, and trails. Nearby destinations identified for the property include Northfield, Downtown Denver, Denver International Airport, and Anschutz Medical Campus. Access to I-70, I-270, and I-25 is available via I-70 and E-470, with several named schools in the surrounding area.
Located in Central Park near Beeler Park, the home is within walking distance of shopping, restaurants, entertainment, parks, and trails. Nearby destinations identified for the property include Northfield, Downtown Denver, Denver International Airport, and Anschutz Medical Campus. Access to I-70, I-270, and I-25 is available via I-70 and E-470, with several named schools in the surrounding area.
Key Highlights
- Built in 2018
- Finished basement with recreation space, bedroom, three‑quarter bathroom, and dedicated storage
- Large detached alley‑loaded garage
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
$38,954
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
5.99%
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%
$779,080
$779.1K
Cap Rate 7%
$556,486
$556.5K
Cap Rate 9%
$432,822
$432.8K
Market Conditions
NOI Build-Up for 2,344 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
$59.1K $25.20/SF
− Vacancy
−$3.4K −$1.46/SF
EGI
$55.6K $23.74/SF
− OpEx
−$16.7K −$7.12/SF
NOI
$39.0K $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%
$779,080
Cap Rate 7%
$556,486
Cap Rate 9%
$432,822
Alternative Uses
Best Use
Multifamily LT 5
$556.5K
$486.9K – $649.2K
NOI $38,954 @ 7.0% cap · market cap 5.99%
Second Best
Apartment 5plus
$508.4K
$444.9K – $593.2K
NOI $35,590 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$746.2K
$652.9K – $870.6K
NOI $52,233 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
Explore this area
Business Placement
Demographics for 80238, CO
28,937
Population
11,741
Households
2.5
Avg Household Size
34
Median Age
77%
College-Educated
100%
High-School Grad
6.8 sq mi
ZIP Area
4,255
Density / Sq Mi
$166,191
Median Household Income
$90,306
Median Earnings
$2,071
Median Rent
$806,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - 2018 duplex with modern finishes, a detached garage, and convenient access to parks, shopping, dining, and regional destinations.
Where is this duplex located?
The property is located at 5769 Boston St Denver, CO.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Built in 2018; Finished basement with recreation space, bedroom, three‑quarter bathroom, and dedicated storage; Large detached alley‑loaded garage
