Address
4585/4587 E Yale Avenue, Denver, CO
Price
$ 750,000
Property Attributes
- MLS#5112535
- TypeMulti-Family
- Listing Status Active
- CountyDENVER
- CityDenver
- NeighborhoodHutchinsons University Place
- Zip80222
- StyleTraditional
- Year Built1958
- Taxes$ 3688
- Price$ 750,000
- Bedrooms6
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage2257
- Lot Size0.15 Acres
Data Source:
REColorado (MTOMLS)
Property Description
House Hack Opportunity! Multi-unit investor special! Centrally located blocks from Yale Street Station and the University of Denver DU, this updated duplex is a great investment! Perfect for Student housing and roommates or professor. Each side has 3 beds, 1 bath, and 1,026 square feet, and what makes this property even more versatile is a basement bonus room with outside access (owner unit only)to utilize as a home office, storage space, workout space. The primary "owner-unit" unit has been updated (photos shown). The "tenant-unit" is in rental condition w/ long-term renter on a mo-to-mo lease. This duplex has it all, boasting 6 beds, 2 baths, and a total of 2,257 square feet. W/D hookups in both units. Enjoy city living with the convenience of a single-car garage offering ample storage space. "Owner Unit" has a 1 car garage and "tenant unit" has a carport. Don't miss the opportunity to make this exceptional investment yours today! Owner has a second exact duplex unit available (minus one side updated for "owner" that is fully rented) if you are interested in completing your rental portfolio with a 4-plex. Ask listing agent for more details. ********************************** The multi-unit rental property strategy: With rent prices soaring, now would be a great time to become a real estate investor — if it weren’t for all the upfront cash needed to buy an investment property. BUT WAIT......there's a way around this hurdle: You could buy a multifamily property, move into one of the units, and earn passive income by collecting rent on the other units. By living in one of the units, you’d be meeting the owner-occupancy rule for your mortgage. That means getting a lower mortgage rate compared to a loan for commercial properties. This strategy won’t finance an entire apartment complex or a mixed-use development. It will, however, work for a 2-, 3-, or 4-unit property.
| Elementary School | Middle School | High School |
|---|---|---|
| University Park Elementary School | Merrill Middle School | Thomas Jefferson High School |
| Price History | |
|---|---|
| 3/8/2026 | Listed $750,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air,Hot Water |
| Cooling | None |
| Utilities | Electricity Available |
| Possession | Negotiable,Rental Agreement |
| Roof | Composition |
| Zoning | S-MU-5 |
| Garage Spaces | 1 |
| Patio/Porch Features | Deck |
| Architectural Style | Traditional |
| Construction Materials | Brick |
| Exclusions | Tenants' property |
| Year Built | 1958 |
| Tenant Pays | Cable TV,Electricity,Gas,Internet,Trash Collection |
| Levels | One |
| Property Subtype | Duplex |
| Tax Year | 2024 |
| Ownership | Corporation/Trust |
| Gross Income | 43200 |
| OwnerPays | Insurance,Taxes,Water |
| County | Denver |
| Operating Expense | 780 |
| Property Type | Residential Income |
| HOA | No |
| Attached Garage | No |
| Subdivision Name | Hutchinsons University Place |
| Status | Active |
| High School | Thomas Jefferson |
| City | Denver |
| Entry Location | Ground |
| Senior Community Y/N | No |
| High School District | Denver 1 |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 6600 |
| Carport Spaces | 1 |
| Listing Terms | 1031 Exchange,Cash,Conventional,FHA,VA Loan |
| Elementary School | University Park |
| Tax Annual Amount | 3688 |
| Middle/Junior High School | Merrill |
| Ok to Lease | Month To Month |
| Structure Type | Duplex |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Middle/Junior School District | Denver 1 |
| Elementary School District | Denver 1 |
| Cap Rate | 5.79 |
| Leasehold Rent $/Mo | 1800 |
Interior Features
| Basement | Partial,Unfinished |
|---|---|
| Flooring | Carpet,Linoleum,Wood |
| Common Walls | 1 Common Wall |
| Basement (Y/N) | Yes |
| Above Grade Finished Area | 2052 |
| Laundry Features | In Unit |
| Total Bedrooms | 6 |
| Total Baths | 2 |
Exterior Features
| Lot Features | Level |
|---|---|
| Water Source | Public |
| Total Parking | 2 |
| Lot Size Area | 6600 |
| Building Area Total | 2257 |
| Lot Size Acres | 0.15 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 80222
Price
Taxes
Year Built
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