Two-Residence Duplex with Finished
863 Fenton Street, Lakewood, CO 80214
For Sale
$749,900
Two separate homes share one parcel, with independent utility meters and finished basement space in each residence.
Property Size3,231 SF
Price / SF$232.10
Days on Market58
Property Features for 863 Fenton Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Building Details
Year Built
Buildings
Listing Agency:
Market Masters Real Estate
(303) 422-7653
Listed By:
Brian Grace · License #100002346
(303) 916-7737
Source:
Teamlassen
Added: Sep 10
Changed: Nov 6
Last Checked: Nov 6 at 2:24PM
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 Market Masters Real Estate
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Investment Insights
Based on property information with market context.
This duplex property brings together two detached residences on a single corner parcel. Each home has four bedrooms, including one non-conforming bedroom, and two bathrooms, along with a finished basement. The larger residence has hardwood flooring, a spacious kitchen, fresh paint, and a basement with high ceilings. The second home was renovated in 2022, with updated cabinets, countertops, appliances, flooring, and interior paint.
The homes have separate water, electric, and gas meters. Their combined reported property size is 3,231 square feet, and the property was built in 1922. Both residences are being sold together as one property.
The homes have separate water, electric, and gas meters. Their combined reported property size is 3,231 square feet, and the property was built in 1922. Both residences are being sold together as one property.
Key Highlights
- Two detached residences on one corner parcel
- Each home has 4 bedrooms, including 1 non‑conforming bedroom, and 2 bathrooms
- Finished basement space in both homes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,946
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$938,920
$938.9K
Cap Rate 7%
$670,657
$670.7K
Cap Rate 9%
$521,622
$521.6K
Market Conditions
NOI Build-Up for 3,231 SF
Gross rent
$71.7K $22.20/SF
− Vacancy
−$4.7K −$1.44/SF
EGI
$67.1K $20.76/SF
− OpEx
−$20.1K −$6.23/SF
NOI
$46.9K $14.53/SF
Area
Lakewood, CO
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$938,920
Cap Rate 7%
$670,657
Cap Rate 9%
$521,622
Alternative Uses
Best Use
Multifamily LT 5
$670.7K
$586.8K – $782.4K
NOI $46,946 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$587.0K
$513.7K – $684.9K
NOI $41,093 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$967.7K
$846.8K – $1.13M
NOI $67,742 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,145
Businesses Nearby
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Business Placement
Demographics for 80214, CO
26,493
Population
13,298
Households
2
Avg Household Size
36
Median Age
39%
College-Educated
89%
High-School Grad
4.7 sq mi
ZIP Area
5,637
Density / Sq Mi
$74,259
Median Household Income
$48,094
Median Earnings
$1,516
Median Rent
$519,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Jefferson County, CO
Properties on Market for Duplexes in Jefferson County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate homes share one parcel, with independent utility meters and finished basement space in each residence.
Where is this duplex located?
The property is located at 863 Fenton Street Lakewood, CO.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Two detached residences on one corner parcel; Each home has 4 bedrooms, including 1 non‑conforming bedroom, and 2 bathrooms; Finished basement space in both homes
