Contemporary Duplex with Finished
For Sale
$899,000
9751 E 62nd Dr, Denver, CO 80238
Model-home finishes, multiple ensuite bedrooms, and a fenced outdoor area support flexible residential use.
Property Size3,948 SF
Price / SF$227.71
Days on Market16
Property Features for 9751 E 62nd Dr
General Information
Standard status
Active
Size
3,948 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
1 x 5BR/4.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,658
Amenities
fenced backyard
patio
artificial turf
xeriscaping
gas fireplace
chef-inspired kitchen
spa-inspired bathroom
walk-in closet
covered front porch
electric-vehicle charger
smart-home technology
tankless water heater
energy-efficient construction
finished basement
recreation area
Building Details
Building Size
3,948 SF
Year Built
2021
Buildings
1
Listing Agency:
Berkshire Hathaway HomeServices RE of the Rockies
(720) 212-6069
Listed By:
Cameron Racine · License #100084781
(720) 212-6069
Source:
Corken
Added: Aug 14
Changed: Aug 27
Last Checked: Aug 29 at 4:56PM
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 Berkshire Hathaway HomeServices RE of the Rockies
Investment Insights
Based on property information with market context.
Built in 2021, this contemporary duplex property offers more than 3,948 square feet of living space across five bedrooms and four-and-a-half bathrooms. The open interior includes high ceilings, a great room with a gas fireplace, and a kitchen with quartz counters, oversized island, pantry, stainless steel appliances, and a gas cooktop. The main level features a primary suite and an additional ensuite bedroom, while the upper level adds bedrooms, bathrooms, and walk-in closets. A finished basement provides recreation space, another bedroom, and a full bathroom.
Outdoor improvements include an approximately 1,150-square-foot fully fenced backyard with a large patio, artificial turf, and xeriscaping. Additional features include a covered front porch, two-car attached garage, electric-vehicle charger, smart-home technology, tankless water heater, and energy-efficient construction. The property is near parks, trails, pools, shopping, dining, schools, downtown Denver, and Denver International Airport.
Outdoor improvements include an approximately 1,150-square-foot fully fenced backyard with a large patio, artificial turf, and xeriscaping. Additional features include a covered front porch, two-car attached garage, electric-vehicle charger, smart-home technology, tankless water heater, and energy-efficient construction. The property is near parks, trails, pools, shopping, dining, schools, downtown Denver, and Denver International Airport.
Key Highlights
- Built in 2021 with more than 3,948 square feet of living space
- Five bedrooms and four‑and‑a‑half bathrooms, including multiple ensuite bedrooms
- Approximately 1,150‑square‑foot fully fenced backyard with patio, artificial turf, and xeriscaping
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
$65,610
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
7.30%
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%
$1,312,200
$1.3M
Cap Rate 7%
$937,286
$937.3K
Cap Rate 9%
$729,000
$729.0K
Market Conditions
NOI Build-Up for 3,948 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
$99.5K $25.20/SF
− Vacancy
−$5.8K −$1.46/SF
EGI
$93.7K $23.74/SF
− OpEx
−$28.1K −$7.12/SF
NOI
$65.6K $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%
$1,312,200
Cap Rate 7%
$937,286
Cap Rate 9%
$729,000
Alternative Uses
Best Use
Multifamily LT 5
$937.3K
$820.1K – $1.09M
NOI $65,610 @ 7.0% cap · market cap 7.30%
Second Best
Apartment 5plus
$856.4K
$749.3K – $999.1K
NOI $59,945 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $87,975 @ 7.0% cap · market cap 9.79%
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
998
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 - Model-home finishes, multiple ensuite bedrooms, and a fenced outdoor area support flexible residential use.
Where is this duplex located?
The property is located at 9751 E 62nd Dr Denver, CO.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Built in 2021 with more than 3,948 square feet of living space; Five bedrooms and four‑and‑a‑half bathrooms, including multiple ensuite bedrooms; Approximately 1,150‑square‑foot fully fenced backyard with patio, artificial turf, and xeriscaping
