Renovated Duplex with
For Sale
$539,900
6743 King St, Denver, CO 80221
Side-by-side units include separate kitchens, laundry hookups, and dedicated living spaces.
Property Size1,924 SF
Lot Size0.14 Acres
Price / SF$280.61
Days on Market164
Property Features for 6743 King St
General Information
Standard status
Active
Size
1,924 SF
Lot size
0.14 Acres
Property subtype
Duplex
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,345
Amenities
central air conditioning
dishwasher
microwave
range
washer/dryer hookups
Building Details
Building Size
1,924 SF
Year Built
1961
Buildings
1
Listing Agency:
Compass Colorado, LLC - Boulder
(970) 541-0571
Listed By:
Kelly McBartlett
(970) 541-0571
Source:
Corken
Added: Mar 19
Changed: Aug 28
Last Checked: Aug 29 at 4:02PM
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 Colorado, LLC - Boulder
Investment Insights
Based on property information with market context.
This side-by-side duplex at 6743 King St in Denver includes 5 bedrooms and 2 bathrooms across 1,924 square feet. The layout combines a three-bedroom unit with a two-bedroom unit, providing distinct residential spaces within one property. The north-side unit has been fully renovated with contemporary finishes, while the south-facing unit is leased month-to-month.
Both units include central air conditioning, electric and gas heat, dishwashers, microwaves, ranges, and full-size washer/dryer hookups. Parking consists of an attached garage and additional off-street spaces. Built in 1961, the property sits on a 6,250-square-foot lot in Denver, Colorado.
Both units include central air conditioning, electric and gas heat, dishwashers, microwaves, ranges, and full-size washer/dryer hookups. Parking consists of an attached garage and additional off-street spaces. Built in 1961, the property sits on a 6,250-square-foot lot in Denver, Colorado.
Key Highlights
- Side‑by‑side duplex with 5 bedrooms and 2 bathrooms
- 1,924 square feet on a 6,250 square foot lot
- Unit mix includes 3 bedrooms on the south side and 2 bedrooms on the north side
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
$31,974
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
5.92%
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%
$639,480
$639.5K
Cap Rate 7%
$456,771
$456.8K
Cap Rate 9%
$355,267
$355.3K
Market Conditions
NOI Build-Up for 1,924 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
$48.5K $25.20/SF
− Vacancy
−$2.8K −$1.46/SF
EGI
$45.7K $23.74/SF
− OpEx
−$13.7K −$7.12/SF
NOI
$32.0K $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%
$639,480
Cap Rate 7%
$456,771
Cap Rate 9%
$355,267
Alternative Uses
Best Use
Multifamily LT 5
$456.8K
$399.7K – $532.9K
NOI $31,974 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$417.3K
$365.2K – $486.9K
NOI $29,213 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$612.5K
$535.9K – $714.6K
NOI $42,873 @ 7.0% cap · market cap 7.94%
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
610
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 - Side-by-side units include separate kitchens, laundry hookups, and dedicated living spaces.
Where is this duplex located?
The property is located at 6743 King St Denver, CO.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: Side‑by‑side duplex with 5 bedrooms and 2 bathrooms; 1,924 square feet on a 6,250 square foot lot; Unit mix includes 3 bedrooms on the south side and 2 bedrooms on the north side
