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4585 E Yale Ave, Denver, CO 80222

$750,000
  • 6

    bed

  • 2

    bath

  • 2,052

    Sqft ($365/Sqft)

Multi-family for sale 193 days

About 4585 E Yale Ave

Property type Multi-family
Neighborhood
Year built 1958
HOA fee $0/month
Lot size 6,534 Sqft
Parking 1 garage spaces
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.
Listed by
Listing Agent - Angela Fox
Listing Agent Contact: Angela@AngelaFoxSellsDenver.com, 303-246-6629
Listing Office - Madison & Company Properties
Source: IRESMLS mls logo
MLS#5112535 • last updated 6 months ago
Movoto checked IRESMLS for data 23 minutes ago
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Overview
Heating Forced Air, Hot Water
Levels/Style One
MLS # 5112535
Type Residential Income
Status Active
SubType Duplex
Living Area 2052
Lot Size (Acres) 0.15
Annual Tax 3688
Interior
Total # of Bathrooms 2
Total # of Bedrooms 6
Basement Partial, Unfinished
Accessibility Features Level Lot
Exterior
Roof Composition
Construction Brick
Patio & Porch Deck
Structure Duplex
Lot Features Level
Amenities / Utilities
Utilities Electricity Available, Master Meter-Electric, Master Meter-Gas
Sewer/ Septic Public Sewer
Water Source City
Location
County Denver
Subdivision Hutchinsons University Place
Middle School Merrill
High School District Denver District 1
Multifamily Details
Tenant Pays Gas, Electricity, Trash Collection
Total # of Units 2
Cap Rate 5.789
Operating Expense 780
Gross Income 43200
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Source: GreatSchools.org © 2026. All rights reserved.

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