Duplex with Finished
For Sale
$992,000
8576 E 35th Ave, Denver, CO 80238
Paired-home ownership combines flexible interior space with private outdoor areas and association-maintained exterior elements.
Property Size3,756 SF
Days on Market28
Property Features for 8576 E 35th Ave
General Information
Standard status
Active
Size
3,756 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$8,642
Amenities
private courtyard
front porch
private sitting area
front yard
Building Details
Building Size
3,756 SF
Year Built
2007
Buildings
1
Listing Agency:
Corcoran Perry \u0026 Co.
Listed By:
Meltem Yilmazturk · License #FA.100104881 (CO)
(303) 475-0474
Source:
Corken
Added: Aug 6
Changed: Sep 2
Last Checked: Aug 31 at 9:25PM
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 Corcoran Perry \u0026 Co.
Investment Insights
Based on property information with market context.
This 2007 duplex is configured as a paired home with 3,831 square feet of finished living space. The residence includes a main-level primary suite, multiple bathrooms, an upper-floor loft, and a finished basement of approximately 1,200 square feet. Basement improvements include a recreation room, an additional bedroom, and a flex room suited to work, exercise, or hobbies. Outdoor features include a private courtyard, front porch, separate sitting area, and oversized front yard.
Two homeowners associations support the property. The self-managed association provides the master insurance policy, roof and structural maintenance, water, sewer, irrigation, grounds care, and snow removal. The home is near Central Park Recreation Center, Jet Stream Pool, parks, trails, shopping, dining, grocery stores, and planned or under-construction retail including Whole Foods, Trader Joe’s, and ALDI. I-70 connects the property with downtown Denver, Denver International Airport, and the Anschutz Medical Campus.
Two homeowners associations support the property. The self-managed association provides the master insurance policy, roof and structural maintenance, water, sewer, irrigation, grounds care, and snow removal. The home is near Central Park Recreation Center, Jet Stream Pool, parks, trails, shopping, dining, grocery stores, and planned or under-construction retail including Whole Foods, Trader Joe’s, and ALDI. I-70 connects the property with downtown Denver, Denver International Airport, and the Anschutz Medical Campus.
Key Highlights
- 3,831 square feet of finished living space
- Approximately 1,200‑square‑foot finished basement
- Main‑level primary suite with upper‑floor loft
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
$62,420
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
6.29%
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%
$1,248,400
$1.2M
Cap Rate 7%
$891,714
$891.7K
Cap Rate 9%
$693,556
$693.6K
Market Conditions
NOI Build-Up for 3,756 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
$94.7K $25.20/SF
− Vacancy
−$5.5K −$1.46/SF
EGI
$89.2K $23.74/SF
− OpEx
−$26.8K −$7.12/SF
NOI
$62.4K $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%
$1,248,400
Cap Rate 7%
$891,714
Cap Rate 9%
$693,556
Alternative Uses
Best Use
Multifamily LT 5
$891.7K
$780.3K – $1.04M
NOI $62,420 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$814.7K
$712.9K – $950.5K
NOI $57,030 @ 7.0% cap · market cap 5.75%
Theoretical Best
Office A
$1.20M
$1.05M – $1.39M
NOI $83,697 @ 7.0% cap · market cap 8.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
474
Businesses Nearby
Explore this area
Business Placement
Demographics for 80238, CO
28,937
Population
11,741
Households
2.5
Avg Household Size
34
Median Age
77%
College-Educated
100%
High-School Grad
6.8 sq mi
ZIP Area
4,255
Density / Sq Mi
$166,191
Median Household Income
$90,306
Median Earnings
$2,071
Median Rent
$806,400
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 - Paired-home ownership combines flexible interior space with private outdoor areas and association-maintained exterior elements.
Where is this duplex located?
The property is located at 8576 E 35th Ave Denver, CO.
What is the asking price?
The asking price for this property is $992,000.
What are key features of this property?
This property features: 3,831 square feet of finished living space; Approximately 1,200‑square‑foot finished basement; Main‑level primary suite with upper‑floor loft
