Updated
New
For Sale
$699,000
7380 Newton St Unit 1, Westminster, CO 80030
Two separately configured residences offer private outdoor space, updated interiors, and dedicated driveway parking.
Property Size2,470 SF
Price / SF$282
Days on Market2
Property Features for 7380 Newton St Unit 1
General Information
Standard status
Active
Size
2,470 SF
Property subtype
Multi-Family
Occupancy
100%
Financials
Gross Income
$59,400
Average Monthly Rent
$2,475
Units
Unit Mix
1 x 4BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
private backyard
Building Details
Year Built
1960
Buildings
1
Tenancy
Multi
Listing Agency:
HomeSmart Realty
Listed By:
Yara Herrera
(720) 277-5007
Source:
Thecouturegroup
Added: Sep 4
Last Checked: Sep 4 at 2:52PM
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 HomeSmart Realty
Investment Insights
Based on property information with market context.
This 2,470-square-foot duplex, built in 1960, includes two distinct residences with private backyard access from each unit. The larger residence has 4 bedrooms, 1 non-conforming bedroom, and 2 bathrooms; the smaller offers 2 bedrooms and 1 bathroom. Interior improvements include new cabinetry, quartz countertops, stainless steel appliances, updated flooring, newer carpet, fresh paint, and new texture. Hardwood flooring adds a distinct finish to the larger unit.
Parking includes a long private driveway for the larger residence, a one-car driveway for the smaller unit, and additional off-street spaces. Both residences are currently leased, with the larger lease extending through September 1st and the smaller lease extending through March 1. The property is located in a residential neighborhood in Westminster, Colorado.
Parking includes a long private driveway for the larger residence, a one-car driveway for the smaller unit, and additional off-street spaces. Both residences are currently leased, with the larger lease extending through September 1st and the smaller lease extending through March 1. The property is located in a residential neighborhood in Westminster, Colorado.
Key Highlights
- 2,470‑square‑foot duplex built in 1960
- Larger unit: 4 bedrooms, 1 non‑conforming bedroom, and 2 bathrooms
- Smaller unit: 2 bedrooms and 1 bathroom
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
$35,889
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
5.13%
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%
$717,780
$717.8K
Cap Rate 7%
$512,700
$512.7K
Cap Rate 9%
$398,767
$398.8K
Market Conditions
NOI Build-Up for 2,470 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
$54.8K $22.20/SF
− Vacancy
−$3.6K −$1.44/SF
EGI
$51.3K $20.76/SF
− OpEx
−$15.4K −$6.23/SF
NOI
$35.9K $14.53/SF
Area
Westminster, CO
Vacancy
6.50%
Lease Rate
$22.20 /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%
$717,780
Cap Rate 7%
$512,700
Cap Rate 9%
$398,767
Alternative Uses
Best Use
Multifamily LT 5
$512.7K
$448.6K – $598.2K
NOI $35,889 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$453.6K
$396.9K – $529.2K
NOI $31,754 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$721.9K
$631.7K – $842.3K
NOI $50,536 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
904
Businesses Nearby
Explore this area
Business Placement
Demographics for 80030, CO
15,885
Population
6,823
Households
2.3
Avg Household Size
36
Median Age
30%
College-Educated
87%
High-School Grad
2.6 sq mi
ZIP Area
6,110
Density / Sq Mi
$61,964
Median Household Income
$43,004
Median Earnings
$1,296
Median Rent
$422,300
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 - Two separately configured residences offer private outdoor space, updated interiors, and dedicated driveway parking.
Where is this duplex located?
The property is located at 7380 Newton St Unit 1 Westminster, CO.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 2,470‑square‑foot duplex built in 1960; Larger unit: 4 bedrooms, 1 non‑conforming bedroom, and 2 bathrooms; Smaller unit: 2 bedrooms and 1 bathroom
