10-Unit Duplex
For Sale
Contact for pricing
826-838 Cherry Street, Denver, CO 80220
New construction offers modern layouts across front and rear residences in a Denver infill setting.
Property Size17,635 SF
Price / SF$430.96
Days on Market131
Property Features for 826-838 Cherry Street
General Information
Standard status
Active
Size
17,635 SF
Class
A
Property subtype
Multifamily
Zoning
G-MU-5
Occupancy
5%
Investment Type
Stabilized
Additional Details
Multifamily Units
10
Building Details
Year Built
2025
Buildings
5
Units
10
Listing Agency:
Resolute Inc
(303) 842-1869
Listed By:
Jack Rohr · License #ER100067283
Source:
Crexi
Added: Apr 23
Changed: Aug 30
Last Checked: Aug 30 at 3:35PM
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 Resolute Inc
Investment Insights
Based on property information with market context.
Built in 2025, this multifamily property comprises five duplex buildings with 10 total units. Front residences measure 1,777 SF, while rear residences measure 1,750 SF, providing substantial layouts with contemporary finishes. The configuration supports a cohesive rental property with newly constructed improvements and modern residential design.
The property is located at 826-838 Cherry Street in Denver’s 80220 ZIP code and carries G-MU-5 zoning. Cherry Creek, Rose Medical Center, the 9th & Co redevelopment, and Downtown Denver are all identified as nearby destinations, placing the asset within an established infill setting with access to major employment, medical, retail, and urban amenity centers.
The property is located at 826-838 Cherry Street in Denver’s 80220 ZIP code and carries G-MU-5 zoning. Cherry Creek, Rose Medical Center, the 9th & Co redevelopment, and Downtown Denver are all identified as nearby destinations, placing the asset within an established infill setting with access to major employment, medical, retail, and urban amenity centers.
Key Highlights
- Five duplex buildings totaling 10 units
- Front units measure 1,777 SF
- Rear units measure 1,750 SF
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
$293,070
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
3.86%
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%
$5,861,400
$5.9M
Cap Rate 7%
$4,186,714
$4.2M
Cap Rate 9%
$3,256,333
$3.3M
Market Conditions
NOI Build-Up for 17,635 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
$444.4K $25.20/SF
− Vacancy
−$25.7K −$1.46/SF
EGI
$418.7K $23.74/SF
− OpEx
−$125.6K −$7.12/SF
NOI
$293.1K $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%
$5,861,400
Cap Rate 7%
$4,186,714
Cap Rate 9%
$3,256,333
Alternative Uses
Best Use
Multifamily LT 5
$4.19M
$3.66M – $4.88M
NOI $293,070 @ 7.0% cap · market cap 3.86%
Second Best
Apartment 5plus
$3.83M
$3.35M – $4.46M
NOI $267,763 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$5.61M
$4.91M – $6.55M
NOI $392,970 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
2,865
Businesses Nearby
Explore this area
Business Placement
Demographics for 80220, CO
37,233
Population
17,675
Households
2.1
Avg Household Size
37
Median Age
66%
College-Educated
94%
High-School Grad
5.2 sq mi
ZIP Area
7,160
Density / Sq Mi
$101,961
Median Household Income
$61,568
Median Earnings
$1,621
Median Rent
$739,600
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 - New construction offers modern layouts across front and rear residences in a Denver infill setting.
Where is this duplex located?
The property is located at 826-838 Cherry Street Denver, CO.
What is the asking price?
The asking price for this property is $7,600,000.
What are key features of this property?
This property features: Five duplex buildings totaling 10 units; Front units measure 1,777 SF; Rear units measure 1,750 SF
