Duplex with Roof
New
For Sale
$1,695,000
831 S Washington St, Denver, CO 80209
Contemporary duplex featuring hardwood floors, dedicated bedroom bathrooms, outdoor seating areas, and an EV-ready two-car garage.
Property Size3,200 SF
Days on Market3
Property Features for 831 S Washington St
General Information
Standard status
Active
Size
3,200 SF
Total Parking Spaces
2
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$2,459
Amenities
roof deck
deck
fireplace
hardwood floors
Building Details
Building Size
3,200 SF
Year Built
2026
Buildings
1
Stories
3
Listing Agency:
Denver Nook
Listed By:
Liz Rossof · License #100079459
(970) 919-0447
Source:
Corken
Added: Sep 13
Changed: Sep 15
Last Checked: Sep 15 at 10:52AM
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 Denver Nook
Investment Insights
Based on property information with market context.
This 2026-built duplex offers a contemporary residential layout with hardwood flooring across the main and two upper levels. Four bedrooms are each paired with a dedicated bathroom and generous closet space. The kitchen includes built-in Thermador appliances and storage on both sides of the island, while the open main-level design incorporates oversized windows and a floor-to-ceiling living room fireplace. A high-ceiling basement adds flexible space and natural light.
Outdoor features include three seating areas, a front porch, a deck adjoining the primary bedroom, and a west-facing roof deck with mountain views. The roof deck also has a gas-line hookup for a fire pit or grill. A two-car garage provides additional storage and is prepared for EV equipment. The property is steps from Wash Perk and a few blocks from the center of the park.
Outdoor features include three seating areas, a front porch, a deck adjoining the primary bedroom, and a west-facing roof deck with mountain views. The roof deck also has a gas-line hookup for a fire pit or grill. A two-car garage provides additional storage and is prepared for EV equipment. The property is steps from Wash Perk and a few blocks from the center of the park.
Key Highlights
- 2026‑built duplex with hardwood flooring on the main and two upper levels
- Four bedrooms, each with a dedicated bathroom and generous closets
- Built‑in Thermador kitchen appliances with island storage on both sides
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
$53,180
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
3.14%
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%
$1,063,600
$1.1M
Cap Rate 7%
$759,714
$759.7K
Cap Rate 9%
$590,889
$590.9K
Market Conditions
NOI Build-Up for 3,200 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
$80.6K $25.20/SF
− Vacancy
−$4.7K −$1.46/SF
EGI
$76.0K $23.74/SF
− OpEx
−$22.8K −$7.12/SF
NOI
$53.2K $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%
$1,063,600
Cap Rate 7%
$759,714
Cap Rate 9%
$590,889
Alternative Uses
Best Use
Multifamily LT 5
$759.7K
$664.8K – $886.3K
NOI $53,180 @ 7.0% cap · market cap 3.14%
Second Best
Apartment 5plus
$694.1K
$607.4K – $809.8K
NOI $48,588 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$1.02M
$891.3K – $1.19M
NOI $71,307 @ 7.0% cap · market cap 4.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,493
Businesses Nearby
Explore this area
Business Placement
Demographics for 80209, CO
27,061
Population
16,045
Households
1.7
Avg Household Size
38
Median Age
80%
College-Educated
99%
High-School Grad
3.5 sq mi
ZIP Area
7,732
Density / Sq Mi
$118,759
Median Household Income
$81,604
Median Earnings
$1,981
Median Rent
$971,500
Median Home Value
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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 - Contemporary duplex featuring hardwood floors, dedicated bedroom bathrooms, outdoor seating areas, and an EV-ready two-car garage.
Where is this duplex located?
The property is located at 831 S Washington St Denver, CO.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: 2026‑built duplex with hardwood flooring on the main and two upper levels; Four bedrooms, each with a dedicated bathroom and generous closets; Built‑in Thermador kitchen appliances with island storage on both sides
