Newly Built 2-Unit
For Sale
$1,474,998
826 N Cherry Street Unit 1, Denver, CO 80220
Fully leased duplex with modern finishes, rooftop decks, fenced yards, and detached garages.
Property Size3,527 SF
Price / SF$418.20
Days on Market16
Property Features for 826 N Cherry Street Unit 1
General Information
Standard status
Active
Size
3,527 SF
Total Parking Spaces
2
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
2 x 3BR/3BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$704
Amenities
rooftop decks
private fenced yards
Building Details
Building Size
3,527 SF
Year Built
2025
Tenancy
Multi
Listing Agency:
Resolute, Inc.
(303) 842-1869
Listed By:
Jack Rohr · License #ER100067283
Source:
Zencasarealty
Added: Aug 14
Changed: Aug 20
Last Checked: Aug 29 at 4:04PM
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.
Completed in 2025, this duplex contains two separate residences totaling approximately 3,527 square feet. The front unit measures 1,777 square feet and the rear unit measures 1,750 square feet. Each residence provides three bedrooms, three bathrooms, an open-concept plan, abundant natural light, and a full-floor primary suite with a spa-inspired bathroom, walk-in closet, and private balcony. Rooftop decks, fenced outdoor areas, detached one-car garages, and modern finishes add to the property’s functionality. There are no HOA fees.
The property is located at 826 N Cherry Street in Denver’s central area, two blocks from the 9th & Co development. Nearby destinations identified for the property include Trader Joe’s, Cava, Postino, Frank & Roze Coffee Co., Rose Medical Center, Cherry Creek, and downtown Denver. The duplex is offered subject to existing leases.
The property is located at 826 N Cherry Street in Denver’s central area, two blocks from the 9th & Co development. Nearby destinations identified for the property include Trader Joe’s, Cava, Postino, Frank & Roze Coffee Co., Rose Medical Center, Cherry Creek, and downtown Denver. The duplex is offered subject to existing leases.
Key Highlights
- Two‑unit duplex totaling approximately 3,527 square feet
- Front residence: 1,777 square feet; rear residence: 1,750 square feet
- Each unit includes 3 bedrooms and 3 bathrooms
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
$58,614
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
3.97%
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%
$1,172,280
$1.2M
Cap Rate 7%
$837,343
$837.3K
Cap Rate 9%
$651,267
$651.3K
Market Conditions
NOI Build-Up for 3,527 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
$88.9K $25.20/SF
− Vacancy
−$5.1K −$1.46/SF
EGI
$83.7K $23.74/SF
− OpEx
−$25.1K −$7.12/SF
NOI
$58.6K $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%
$1,172,280
Cap Rate 7%
$837,343
Cap Rate 9%
$651,267
Alternative Uses
Best Use
Multifamily LT 5
$837.3K
$732.7K – $976.9K
NOI $58,614 @ 7.0% cap · market cap 3.97%
Second Best
Apartment 5plus
$765.0K
$669.4K – $892.6K
NOI $53,553 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$1.12M
$982.4K – $1.31M
NOI $78,594 @ 7.0% cap · market cap 5.33%
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
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 - Fully leased duplex with modern finishes, rooftop decks, fenced yards, and detached garages.
Where is this duplex located?
The property is located at 826 N Cherry Street Unit 1 Denver, CO.
What is the asking price?
The asking price for this property is $1,474,998.
What are key features of this property?
This property features: Two‑unit duplex totaling approximately 3,527 square feet; Front residence: 1,777 square feet; rear residence: 1,750 square feet; Each unit includes 3 bedrooms and 3 bathrooms
