Updated Four-Bedroom
For Sale
$477,000
Pending
971 S Yarrow St, Denver, CO 80226
Two-level layout provides private living areas for each floor, plus a garage and back deck.
Property Size1,852 SF
Days on Market16
Property Features for 971 S Yarrow St
General Information
Standard status
Pending
Size
1,852 SF
Total Parking Spaces
1
Property subtype
Duplex
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,615
Amenities
air conditioning
deck
Building Details
Building Size
1,852 SF
Year Built
1969
Buildings
1
Listing Agency:
Compass - Denver
(720) 297-8909
Listed By:
Amy Martin
(720) 297-8909
Source:
Corken
Added: Aug 14
Changed: Aug 29
Last Checked: Aug 29 at 2:52PM
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
Investment Insights
Based on property information with market context.
This duplex, built in 1969, offers four bedrooms and two bathrooms arranged across two floors. Each level includes two bedrooms, one bathroom, and a large living room, creating a practical configuration for shared occupancy. Interior improvements include newer appliances, updated flooring, and renovated bathrooms. Air conditioning serves the home, while an oversized single-car garage provides enclosed parking and additional storage space. A back deck adds outdoor space and includes a distant mountain view.
The property is near Belmar Park, Kountze Lake, Lakewood Amphitheater, Belmar Library, and the Belmar Shopping District. The location also provides access to downtown Denver, the mountains, and Red Rocks.
The property is near Belmar Park, Kountze Lake, Lakewood Amphitheater, Belmar Library, and the Belmar Shopping District. The location also provides access to downtown Denver, the mountains, and Red Rocks.
Key Highlights
- Duplex with 4 bedrooms and 2 bathrooms
- Each floor has 2 bedrooms, 1 bathroom, and a large living room
- Built in 1969 with newer appliances, updated flooring, and renovated bathrooms
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
$30,778
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
6.45%
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%
$615,560
$615.6K
Cap Rate 7%
$439,686
$439.7K
Cap Rate 9%
$341,978
$342.0K
Market Conditions
NOI Build-Up for 1,852 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
$46.7K $25.20/SF
− Vacancy
−$2.7K −$1.46/SF
EGI
$44.0K $23.74/SF
− OpEx
−$13.2K −$7.12/SF
NOI
$30.8K $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%
$615,560
Cap Rate 7%
$439,686
Cap Rate 9%
$341,978
Alternative Uses
Best Use
Multifamily LT 5
$439.7K
$384.7K – $513.0K
NOI $30,778 @ 7.0% cap · market cap 6.45%
Second Best
Apartment 5plus
$401.7K
$351.5K – $468.7K
NOI $28,120 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$589.6K
$515.9K – $687.8K
NOI $41,269 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,094
Businesses Nearby
Explore this area
Business Placement
Demographics for 80226, CO
33,142
Population
14,742
Households
2.2
Avg Household Size
37
Median Age
38%
College-Educated
90%
High-School Grad
8.1 sq mi
ZIP Area
4,092
Density / Sq Mi
$78,466
Median Household Income
$44,640
Median Earnings
$1,738
Median Rent
$547,000
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 - Two-level layout provides private living areas for each floor, plus a garage and back deck.
Where is this duplex located?
The property is located at 971 S Yarrow St Denver, CO.
What is the asking price?
The asking price for this property is $477,000.
What are key features of this property?
This property features: Duplex with 4 bedrooms and 2 bathrooms; Each floor has 2 bedrooms, 1 bathroom, and a large living room; Built in 1969 with newer appliances, updated flooring, and renovated bathrooms
