Two-Story Duplex
For Sale
$615,000
9327 E 60th Ave, Denver, CO 80238
Granite kitchen, unfinished basement, and a primary suite with walk-in closet and 5-piece bath.
Property Size1,738 SF
Days on Market59
Property Features for 9327 E 60th Ave
General Information
Standard status
Active
Size
1,738 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,056
Amenities
granite countertops
walk-in closet
5-piece bath
upstairs laundry
unfinished basement
pool
Building Details
Building Size
1,738 SF
Year Built
2017
Stories
2
Listing Agency:
Keller Williams Realty Downtown LLC
(720) 579-4919
Listed By:
Elizabeth Sanchez
(720) 579-4919
Source:
Corken
Added: Jul 3
Changed: Aug 29
Last Checked: Aug 29 at 5:05PM
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 Keller Williams Realty Downtown LLC
Investment Insights
Based on property information with market context.
Built in 2017, this two-story duplex property features an open main-level arrangement for living and dining, a kitchen with granite countertops and ample storage, and a half bath. The upper level includes a primary suite with a walk-in closet and 5-piece bath, two additional bedrooms, a full bathroom, and laundry. An unfinished basement provides additional interior space for future completion.
The property is located in Central Park with access to seven MCA pools through the HOA, more than 50 parks, farmers markets, and miles of trails. Nearby destinations include Rocky Mountain Arsenal National Wildlife Refuge, Dick’s Sporting Goods Park, and The Shops at Northfield. Transportation connections include the A-Line light rail, I-70, Anschutz Medical Campus, downtown Denver, and DIA.
The property is located in Central Park with access to seven MCA pools through the HOA, more than 50 parks, farmers markets, and miles of trails. Nearby destinations include Rocky Mountain Arsenal National Wildlife Refuge, Dick’s Sporting Goods Park, and The Shops at Northfield. Transportation connections include the A-Line light rail, I-70, Anschutz Medical Campus, downtown Denver, and DIA.
Key Highlights
- Two‑story duplex property built in 2017
- Primary suite includes a walk‑in closet and 5‑piece bath
- Open main level with granite kitchen countertops and storage
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
$28,883
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
4.70%
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%
$577,660
$577.7K
Cap Rate 7%
$412,614
$412.6K
Cap Rate 9%
$320,922
$320.9K
Market Conditions
NOI Build-Up for 1,738 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
$43.8K $25.20/SF
− Vacancy
−$2.5K −$1.46/SF
EGI
$41.3K $23.74/SF
− OpEx
−$12.4K −$7.12/SF
NOI
$28.9K $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%
$577,660
Cap Rate 7%
$412,614
Cap Rate 9%
$320,922
Alternative Uses
Best Use
Multifamily LT 5
$412.6K
$361.0K – $481.4K
NOI $28,883 @ 7.0% cap · market cap 4.70%
Second Best
Apartment 5plus
$377.0K
$329.9K – $439.8K
NOI $26,389 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$553.3K
$484.1K – $645.5K
NOI $38,729 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
172
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 - Granite kitchen, unfinished basement, and a primary suite with walk-in closet and 5-piece bath.
Where is this duplex located?
The property is located at 9327 E 60th Ave Denver, CO.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Two‑story duplex property built in 2017; Primary suite includes a walk‑in closet and 5‑piece bath; Open main level with granite kitchen countertops and storage
