Updated Duplex with Outdoor
For Sale
$460,000
828 Mariposa St, Denver, CO 80204
Denver duplex with refreshed interiors, upgraded cooling, and access to the Santa Fe Arts District.
Property Size2,080 SF
Days on Market96
Property Features for 828 Mariposa St
General Information
Standard status
Active
Size
2,080 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$2,578
Building Details
Building Size
2,080 SF
Year Built
1953
Listing Agency:
Orchard Brokerage LLC
(303) 956-1856
Listed By:
Kathleen Ball · License #100042779
(303) 956-1856
Source:
Corken
Added: May 29
Changed: Aug 30
Last Checked: Aug 31 at 12:13AM
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 Orchard Brokerage LLC
Investment Insights
Based on property information with market context.
This duplex, built in 1953, includes a furnace, a high-efficiency evaporative cooler, and several interior improvements. Recent work includes fresh paint, updated basement flooring and trim, revised doors and baseboards upstairs, and a main-level bathroom light fixture and exhaust fan. A new stairwell and egress window improve the basement configuration, while the exterior fence adds defined outdoor space.
The property is located at 828 Mariposa St in Denver’s Santa Fe Arts District, near galleries, shops, and eateries. It is also described as being close to the proposed new Broncos stadium. Additional features include a home warranty and a newly installed cooling system.
The property is located at 828 Mariposa St in Denver’s Santa Fe Arts District, near galleries, shops, and eateries. It is also described as being close to the proposed new Broncos stadium. Additional features include a home warranty and a newly installed cooling system.
Key Highlights
- Duplex built in 1953
- Fresh interior paint and updated flooring, doors, baseboards, and trim
- High‑efficiency evaporative cooler and furnace
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
$34,567
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
7.51%
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%
$691,340
$691.3K
Cap Rate 7%
$493,814
$493.8K
Cap Rate 9%
$384,078
$384.1K
Market Conditions
NOI Build-Up for 2,080 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
$52.4K $25.20/SF
− Vacancy
−$3.0K −$1.46/SF
EGI
$49.4K $23.74/SF
− OpEx
−$14.8K −$7.12/SF
NOI
$34.6K $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%
$691,340
Cap Rate 7%
$493,814
Cap Rate 9%
$384,078
Alternative Uses
Best Use
Multifamily LT 5
$493.8K
$432.1K – $576.1K
NOI $34,567 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$451.2K
$394.8K – $526.4K
NOI $31,582 @ 7.0% cap · market cap 6.87%
Theoretical Best
Office A
$662.1K
$579.4K – $772.5K
NOI $46,350 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,044
Businesses Nearby
Explore this area
Business Placement
Demographics for 80204, CO
35,269
Population
18,378
Households
1.9
Avg Household Size
33
Median Age
51%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$79,265
Median Household Income
$58,860
Median Earnings
$1,724
Median Rent
$579,900
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 - Denver duplex with refreshed interiors, upgraded cooling, and access to the Santa Fe Arts District.
Where is this duplex located?
The property is located at 828 Mariposa St Denver, CO.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Duplex built in 1953; Fresh interior paint and updated flooring, doors, baseboards, and trim; High‑efficiency evaporative cooler and furnace
