$725,000
- Beds
- 3
- Baths
- 1.75
- sq ft
- 1,825
1516 N Lafayette St, Denver, CO 80218
1516 N Lafayette St
Denver, CO 80218
- 113 days on market
- Open house Feb 22
Calling all Investors, Developers, and Homebuyers. Zoned G-RO-3, this home has something for everyone! Looking to offset your mortgage? Add an ADU. Nearby short and mid-term rentals are earning $20-45k/year! Average long-term rent is $3,200 for the existing structure with approximate cap rate of 4.3% and for an ADU it's 14%. Great rental potential if you are looking to hold and then develop. The 6,250 sqft lot is well suited for a duplex or multi-unit with room for a garage/ADU.
Details
Property type
Single Family Residence
Lot size
6,250 sq ft
Price per sq ft
$398
Year built
1885
Annual property taxes
$3,380
HOA
No
Price History
11/01/2024
REColorado #9729220
Listed
$725,000
+29.46%
09/24/2021
REColorado #7240508
Sold
$560,000
Schools & Community
Neighborhood:
City Park West
Elementary school:
Wyatt
Middle school:
Whittier E-8
High school:
East
High school district:
Denver 1
Status: Active
Tomo last checked: 02/22/2025 at 3:25 PM
Listing updated: 02/22/2025 at 2:06 PM
Listed by: Nikki Wiederaenders, Porchlight Real Estate Group Phone #: (303) 733-5335
MLS: REColorado #9729220
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