Updated Duplex with Private
For Sale
$699,000
7380 Newton St 1, Westminster, CO 80030
Two separately updated residences offer private outdoor space, dedicated driveways, and additional off-street parking.
Property Size2,470 SF
Days on Market75
Property Features for 7380 Newton St 1
General Information
Standard status
Active
Size
2,470 SF
Property subtype
Duplex
Additional Details
Gross Income
$59,400
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,313
Amenities
private backyard
off-street parking
Building Details
Building Size
2,470 SF
Year Built
1960
Tenancy
Multi
Listing Agency:
HomeSmart Realty
Listed By:
Yara Herrera
(720) 277-5007
Source:
Corken
Added: Aug 1
Changed: Oct 2
Last Checked: Oct 13 at 2:52AM
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 duplex contains two separately configured residences with recent interior and exterior paint, refreshed texture, newer carpet and flooring, and updated finishes. The larger unit includes 4 bedrooms, 1 non-conforming bedroom, 2 bathrooms, hardwood floors, new cabinetry, quartz countertops, and stainless steel appliances. The smaller unit offers 2 bedrooms and 1 bathroom with the same cabinetry, countertop, and appliance upgrades. Each residence has a private backyard accessible from inside the unit.
Parking includes a long private driveway for the larger residence, a one-car driveway for the smaller unit, and additional off-street spaces. Built in 1960, the property is located in Westminster, Colorado, and both residences are currently leased with different lease expiration dates.
Parking includes a long private driveway for the larger residence, a one-car driveway for the smaller unit, and additional off-street spaces. Built in 1960, the property is located in Westminster, Colorado, and both residences are currently leased with different lease expiration dates.
Key Highlights
- Two‑unit duplex with 4 bedrooms, 1 non‑conforming bedroom, and 2 bathrooms in the larger residence
- Smaller residence includes 2 bedrooms and 1 bathroom
- Private backyard for each unit with direct interior access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,889
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Lease Details
2
Residential units
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
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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 - Two separately updated residences offer private outdoor space, dedicated driveways, and additional off-street parking.
Where is this duplex located?
The property is located at 7380 Newton St 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: Two‑unit duplex with 4 bedrooms, 1 non‑conforming bedroom, and 2 bathrooms in the larger residence; Smaller residence includes 2 bedrooms and 1 bathroom; Private backyard for each unit with direct interior access
