Fenced-Backyard
For Sale
$349,000
931 S Utica St, Denver, CO 80219
Duplex property with central heat, in-home laundry, an attached garage, and additional off-street parking.
Property Size1,273 SF
Days on Market52
Property Features for 931 S Utica St
General Information
Standard status
Active
Size
1,273 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$2,161
Amenities
central heat
in-home laundry
fully fenced backyard
Building Details
Building Size
1,273 SF
Year Built
1998
Listing Agency:
New Divide Realty
Listed By:
Quoc (Bao) Le
(720) 917-5839
Source:
Guidere
Added: Jul 27
Changed: Sep 2
Last Checked: Sep 15 at 9:21AM
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 New Divide Realty
Investment Insights
Based on property information with market context.
This duplex property at 931 S Utica St features an open interior layout with natural light, a kitchen with cabinet storage and counter space, well-sized bedrooms, and closet storage. Additional improvements include central heat, in-home laundry, an attached garage, extra off-street parking, and a private, fully fenced backyard.
The property is near shopping, restaurants, parks, schools, and major commuter routes, with access to Downtown Denver, Belmar, and the broader metro area. Built in 1998, the property combines residential functionality with outdoor space for grilling, entertaining, pets, or gardening.
The property is near shopping, restaurants, parks, schools, and major commuter routes, with access to Downtown Denver, Belmar, and the broader metro area. Built in 1998, the property combines residential functionality with outdoor space for grilling, entertaining, pets, or gardening.
Key Highlights
- Duplex property at 931 S Utica St, Denver, CO 80219
- Built in 1998
- Open layout with natural light and a kitchen offering cabinet storage and counter space
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
$18,637
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
5.34%
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%
$372,740
$372.7K
Cap Rate 7%
$266,243
$266.2K
Cap Rate 9%
$207,078
$207.1K
Market Conditions
NOI Build-Up for 1,273 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
$28.3K $22.20/SF
− Vacancy
−$1.6K −$1.29/SF
EGI
$26.6K $20.91/SF
− OpEx
−$8.0K −$6.27/SF
NOI
$18.6K $14.64/SF
Area
ZIP 80219
Vacancy
5.79%
Lease Rate
$22.20 /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%
$372,740
Cap Rate 7%
$266,243
Cap Rate 9%
$207,078
Alternative Uses
Best Use
Multifamily LT 5
$266.2K
$233.0K – $310.6K
NOI $18,637 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$244.6K
$214.0K – $285.3K
NOI $17,120 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$363.1K
$317.7K – $423.7K
NOI $25,419 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
584
Businesses Nearby
Explore this area
Business Placement
Demographics for 80219, CO
61,585
Population
21,729
Households
2.8
Avg Household Size
33
Median Age
22%
College-Educated
72%
High-School Grad
7.4 sq mi
ZIP Area
8,322
Density / Sq Mi
$67,325
Median Household Income
$41,153
Median Earnings
$1,464
Median Rent
$426,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Duplex property with central heat, in-home laundry, an attached garage, and additional off-street parking.
Where is this duplex located?
The property is located at 931 S Utica St Denver, CO.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Duplex property at 931 S Utica St, Denver, CO 80219; Built in 1998; Open layout with natural light and a kitchen offering cabinet storage and counter space
