Corner-Lot Residential Income
For Sale
$1,625,000
87 S Garfield St, Denver, CO 80209
Modern half-duplex residence with flexible living areas, private outdoor space, and updated systems.
Property Size3,802 SF
Days on Market79
Property Features for 87 S Garfield St
General Information
Standard status
Active
Size
3,802 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$9,269
Amenities
gas fireplace
rooftop deck
private patio
wet bar
wine room
home theater
workout area
Building Details
Building Size
3,802 SF
Year Built
2013
Listing Agency:
Compass - Denver
Listed By:
Chrissy Graham
(303) 947-2043
Source:
Corken
Added: Aug 6
Changed: Oct 14
Last Checked: Oct 21 at 6:58AM
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 Compass - Denver
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Investment Insights
Based on property information with market context.
Built in 2013, this corner-lot half duplex combines modern architecture with a bright, open interior. The main level includes a kitchen with quartz counters, a breakfast bar, stainless steel appliances, a gas range, and a Bosch coffee and espresso maker. A gas fireplace anchors the great room, which opens to a private patio with a water feature, fire pit, and built-in seating.
The upper levels provide a primary suite with a walk-in shower, dual-sink vanity, private water closet, built-ins, and stacked laundry, along with two additional bedrooms and a shared Jack and Jill bath. A rooftop level adds a wet bar, half bath, tiled deck, and mountain views. The basement includes a home theater and workout area, plus another wet bar, wine room, bedroom, bath, and laundry.
Recent improvements include refinished hardwood flooring, new carpet, basement tile, and replacement furnaces and air-conditioning units within the last 5 years. The property has no HOA and is within walking distance of Cherry Creek restaurants, shopping, and the Cherry Creek Bike Trail.
The upper levels provide a primary suite with a walk-in shower, dual-sink vanity, private water closet, built-ins, and stacked laundry, along with two additional bedrooms and a shared Jack and Jill bath. A rooftop level adds a wet bar, half bath, tiled deck, and mountain views. The basement includes a home theater and workout area, plus another wet bar, wine room, bedroom, bath, and laundry.
Recent improvements include refinished hardwood flooring, new carpet, basement tile, and replacement furnaces and air-conditioning units within the last 5 years. The property has no HOA and is within walking distance of Cherry Creek restaurants, shopping, and the Cherry Creek Bike Trail.
Key Highlights
- Corner‑lot half duplex with modern architecture, open floorplan, and bright interior
- Kitchen with quartz countertops, breakfast bar, gas range, stainless steel appliances, and Bosch coffee and espresso maker
- Private patio with water feature, fire pit, and built‑in seating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,728
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,154,560
$1.2M
Cap Rate 7%
$824,686
$824.7K
Cap Rate 9%
$641,422
$641.4K
Market Conditions
NOI Build-Up for 3,802 SF
Gross rent
$111.8K $29.40/SF
− Vacancy
−$6.8K −$1.79/SF
EGI
$105.0K $27.61/SF
− OpEx
−$47.2K −$12.42/SF
NOI
$57.7K $15.18/SF
Area
Denver, CO
Vacancy
6.10%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,154,560
Cap Rate 7%
$824,686
Cap Rate 9%
$641,422
Alternative Uses
Best Use
Apartment 5plus
$824.7K
$721.6K – $962.1K
NOI $57,728 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,722 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
5,317
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Residential income property - Modern half-duplex residence with flexible living areas, private outdoor space, and updated systems.
Where is this residential income property located?
The property is located at 87 S Garfield St Denver, CO.
What is the asking price?
The asking price for this property is $1,625,000.
What are key features of this property?
This property features: Corner‑lot half duplex with modern architecture, open floorplan, and bright interior; Kitchen with quartz countertops, breakfast bar, gas range, stainless steel appliances, and Bosch coffee and espresso maker; Private patio with water feature, fire pit, and built‑in seating
