New Construction Duplex with Rooftop
For Sale
$729,999
826 N Cherry St 2, Denver, CO 80220
Brand-new duplex with a rooftop deck, private fenced yard, and detached garage.
Property Size1,750 SF
Price / SF$417.14
Days on Market111
Property Features for 826 N Cherry St 2
General Information
Standard status
Active
Size
1,750 SF
Total Parking Spaces
1
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/3BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,646
Amenities
rooftop deck
private fenced yard
private balcony
Building Details
Building Size
1,750 SF
Year Built
2025
Listing Agency:
Resolute, Inc.
(303) 842-1869
Listed By:
Jack Rohr · License #ER100067283
(303) 842-1869
Source:
Guidere
Added: Apr 21
Changed: Aug 5
Last Checked: Aug 8 at 9:17AM
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 duplex offers 1,750 square feet of living space with a three-bedroom, three-bathroom layout. The interior features an open-concept design, abundant natural light, a modern kitchen, and a primary suite occupying its own floor. The suite includes a spa-inspired bathroom, walk-in closet, and private balcony. Outdoor features include a rooftop deck and a private fenced yard, while the detached one-car garage adds dedicated parking and storage.
The property is two blocks from Denver’s 9th & Co development and is close to Trader Joe’s, Cava, Postino, and Frank & Rose Coffee Co. Cherry Creek, Rose Medical Center, and downtown Denver are also within a short drive. The property has no HOA fees.
The property is two blocks from Denver’s 9th & Co development and is close to Trader Joe’s, Cava, Postino, and Frank & Rose Coffee Co. Cherry Creek, Rose Medical Center, and downtown Denver are also within a short drive. The property has no HOA fees.
Key Highlights
- 2025‑built duplex with 1,750 square feet of living space
- 3 bed, 3 bath layout with a full‑floor primary suite
- Rooftop deck, private balcony, and fenced yard
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
$29,083
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
3.98%
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%
$581,660
$581.7K
Cap Rate 7%
$415,471
$415.5K
Cap Rate 9%
$323,144
$323.1K
Market Conditions
NOI Build-Up for 1,750 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
$44.1K $25.20/SF
− Vacancy
−$2.6K −$1.46/SF
EGI
$41.5K $23.74/SF
− OpEx
−$12.5K −$7.12/SF
NOI
$29.1K $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%
$581,660
Cap Rate 7%
$415,471
Cap Rate 9%
$323,144
Alternative Uses
Best Use
Multifamily LT 5
$415.5K
$363.5K – $484.7K
NOI $29,083 @ 7.0% cap · market cap 3.98%
Second Best
Apartment 5plus
$379.6K
$332.1K – $442.9K
NOI $26,571 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$557.1K
$487.5K – $649.9K
NOI $38,996 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
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 - Brand-new duplex with a rooftop deck, private fenced yard, and detached garage.
Where is this duplex located?
The property is located at 826 N Cherry St 2 Denver, CO.
What is the asking price?
The asking price for this property is $729,999.
What are key features of this property?
This property features: 2025‑built duplex with 1,750 square feet of living space; 3 bed, 3 bath layout with a full‑floor primary suite; Rooftop deck, private balcony, and fenced yard
