Upgraded Duplex with Finished
For Sale
$837,000
9759 E 62nd Dr, Denver, CO 80238
Four-bedroom duplex with a private outdoor area, attached garage, flexible living space, and extensive interior upgrades.
Property Size3,353 SF
Price / SF$249.85
Days on Market38
Property Features for 9759 E 62nd Dr
General Information
Standard status
Active
Size
3,353 SF
Total Parking Spaces
2
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$7,694
Building Details
Building Size
3,353 SF
Year Built
2022
Listing Agency:
MB K Watson Prop
Listed By:
M. Kay Watson
(303) 880-6300
Source:
Corken
Added: Aug 1
Changed: Sep 4
Last Checked: Sep 7 at 8:18AM
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 MB K Watson Prop
Investment Insights
Based on property information with market context.
Located at 9759 E 62nd Dr in Denver’s Central Park neighborhood, this duplex was built in 2022 and offers more than 3,350 finished square feet. The interior includes a bright great room with gas fireplace and built-ins, a dining area with beverage bar, and an upgraded kitchen with quartz island, stainless steel appliances, and extensive cabinetry. Engineered hardwood flooring and custom finishes continue throughout the residence.
The upper level contains the primary suite, two additional bedrooms, a full bathroom, and a large laundry room with storage. A professionally finished and permitted basement adds a family or media room, office, fourth bedroom, full bathroom, and fitness or flex space. The property also includes a two-car attached garage, mudroom, pantry, powder room, and private outdoor living area. Central Park parks, trails, shopping, and dining are nearby, with access to DIA and downtown.
The upper level contains the primary suite, two additional bedrooms, a full bathroom, and a large laundry room with storage. A professionally finished and permitted basement adds a family or media room, office, fourth bedroom, full bathroom, and fitness or flex space. The property also includes a two-car attached garage, mudroom, pantry, powder room, and private outdoor living area. Central Park parks, trails, shopping, and dining are nearby, with access to DIA and downtown.
Key Highlights
- >3350 finished square feet in a 2022‑built duplex
- Professionally finished and permitted basement with fourth bedroom, full bath, office, and flex area
- Attached two‑car garage with mudroom, pantry, coat closet, and powder room
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
$55,672
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
6.65%
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%
$1,113,440
$1.1M
Cap Rate 7%
$795,314
$795.3K
Cap Rate 9%
$618,578
$618.6K
Market Conditions
NOI Build-Up for 3,350 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
$84.4K $25.20/SF
− Vacancy
−$4.9K −$1.46/SF
EGI
$79.5K $23.74/SF
− OpEx
−$23.9K −$7.12/SF
NOI
$55.7K $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%
$1,113,440
Cap Rate 7%
$795,314
Cap Rate 9%
$618,578
Alternative Uses
Best Use
Multifamily LT 5
$795.3K
$695.9K – $927.9K
NOI $55,672 @ 7.0% cap · market cap 6.65%
Second Best
Apartment 5plus
$726.6K
$635.8K – $847.8K
NOI $50,865 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$1.07M
$933.1K – $1.24M
NOI $74,650 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 - Four-bedroom duplex with a private outdoor area, attached garage, flexible living space, and extensive interior upgrades.
Where is this duplex located?
The property is located at 9759 E 62nd Dr Denver, CO.
What is the asking price?
The asking price for this property is $837,000.
What are key features of this property?
This property features: >3350 finished square feet in a 2022‑built duplex; Professionally finished and permitted basement with fourth bedroom, full bath, office, and flex area; Attached two‑car garage with mudroom, pantry, coat closet, and powder room
