1516 Lafayette Street

Denver, CO 80218

$725,000
Price
3
Beds
2
Baths
2,090 Sq. Ft.
$347 / Sq. Ft.
2,090
Sq. Ft.
$347
per Sq. Ft.

Description

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.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.
  1. Listed by Nikki Wiederaenders • Porchlight Real Estate Group • Nwieder@porchlightgroup.com,720-878-2589

Property Details for 1516 Lafayette Street

Structure Type
House
Levels
Two
Stories
2
Subdivision Name
Park Ave Add
Association
No
Basement
Yes
LISTING UPDATED: 11/08/2024 11:37 AM

Property Details for 1516 Lafayette Street

StatusActive
MLS #9729220
Days on Compass51
Taxes$3,380 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential-Detached
Year Built1885
Lot Size0.14 AC / 6,250 SF
CountyDenver County

Building Information for 1516 Lafayette Street

Stories-Year Built1885Building Size-Lot Size0.14 AC / 6,250 SF

Property Information for 1516 Lafayette Street

Interior Area & SqFt
Interior Area & SqFt
  • Building Area Total (SqFt Total): 2090
  • Sqft Total: 2090
  • Living Area (SqFt Finished): 1825
  • Above Grade Finished Area: 1825
  • Living SqFt: 1825
  • Sq Ft Apx: 0
  • Below Grade Unfinished Area: 265
  • Area Source: Public Records
  • PSF Total: 347
  • PSF Above Grade: 397
  • PSF Finished: 397
  • Master on Main: No
  • Room and Floor: Living Room-Main-1, Bedroom-Main-1, Bedroom-Main-2, Bathroom (3/4)-Main-1, Family Room-Main-1, Mud Room-Main-1, Kitchen-Main-1, Bedroom-Upper-1, Loft-Upper-1, Bathroom (Full)-Upper-1
  • Room Count: 10
  • Basement: Partial, Unfinished
  • Heating: Forced Air
  • Cooling: Central Air
  • Interior Features: Ceiling Fan(s), High Ceilings, Laminate Counters, Open Floorplan, Pantry, Primary Suite, Smart Thermostat
  • Flooring: Laminate
  • Appliances: Dishwasher, Range, Range Hood, Refrigerator
Bed & Bath Summary
Bedrooms
  • Bedrooms Total: 3
  • Upper Level Bedrooms: 1
  • Main Level Bedrooms: 2
  • Lower Level Bedrooms: 0
  • Basement Level Bedrooms: 0
Bathrooms
  • Bathrooms Total: 2
  • Upper Level Bathrooms: 1
  • Main Level Bathrooms: 1
  • Lower Level Bathrooms: 0
  • Basement Level Bathrooms: 0
  • Bathrooms Full: 1
  • Bathrooms Three Quarter: 1
  • Bathrooms Half: 0
  • Bathrooms One Quarter: 0
Detailed Room Info
Room 1
  • Room Type: Living Room
  • Room Level: Main
  • Room Length: 16
  • Room Width: 18
Room 2
  • Room Type: Bedroom
  • Room Level: Main
  • Room Length: 12
  • Room Width: 13
Room 3
  • Room Type: Bathroom (3/4)
  • Room Level: Main
  • Room Length: 8
  • Room Width: 9
Room 4
  • Room Type: Bedroom
  • Room Level: Main
  • Room Length: 10
  • Room Width: 13
Room 5
  • Room Type: Family Room
  • Room Level: Main
  • Room Length: 9
  • Room Width: 18
Room 6
  • Room Type: Mud Room
  • Room Level: Main
  • Room Description: Mud Room/Laundry
  • Room Length: 10
  • Room Width: 12
Room 7
  • Room Type: Kitchen
  • Room Level: Main
  • Room Length: 12
  • Room Width: 15
Room 8
  • Room Type: Bedroom
  • Room Level: Upper
  • Room Description: Plus 9x10 Retreat
  • Room Length: 15
  • Room Width: 15
Room 9
  • Room Type: Loft
  • Room Level: Upper
  • Room Length: 10
  • Room Width: 10
Room 10
  • Room Type: Bathroom (Full)
  • Room Level: Upper
  • Room Length: 6
  • Room Width: 9
Parking
Parking
  • Attached Garage: No
  • Parking Type: Off-Street
  • Parking Description: Off-Street-4
  • Parking Details: 4
  • Parking Total: 1
  • Garage Spaces: 0
  • Offstreet Spaces: 4
  • Parking Count: 4
  • Carport Spaces: 0
  • Reserved Spaces: 0
  • RV Spaces: 0
Association Information
Association Information
  • Association Fee Total Annual: $0
  • Senior Community: No
Site & Location Information
School Information
  • School Of Choice: Yes
  • Elementary School: Wyatt
  • Elementary School District: Denver 1
  • Middle Or Junior School: Whittier E-8
  • Middle Or Junior School District: Denver 1
  • High School: East
  • High School District: Denver 1
Site & Location Information
  • Lot Size Acres: 0
  • Lot Size Square Feet: 6250
  • Lot Features: Level
  • Zoning: G-RO-3
  • Property Exclusions: Sellers personal property and staging items
Building Information
Green Features
  • Green Verification Count: 0
Outbuildings
  • Out Building Count: 0
  • Horse: No
Building Information
  • Construction Materials: Brick
  • Roof: Composition, Other
  • Patio And Porch Features: Front Porch
  • Livable Structure Count: 0
Water & Utilities
Water & Utilities
  • Water Included: Yes
  • Water Source: Public
  • Sewer: Public Sewer

Schools near 1516 Lafayette Street

This home is within Denver County 1 School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 8
Charter - K to 5
Charter - K to 5
Rating
School
Distance
Cole Arts And Science Academy
PublicPK to 5

Whittier K-8 School
PublicPK to 8

University Preparatory School
CharterK to 5

Wyatt Academy
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1516 Lafayette Street is a single family home for sale in Denver, CO 80218. This property was listed for sale on November 1, 2024 by Porchlight Real Estate Group, it's currently listed at $725,000. This listing's school district is Denver County 1 School District. Nearby schools include Cole Arts And Science Academy, Whittier K-8 School and University Preparatory School. 1516 Lafayette Street is a 3-bed, 2-bath, 2,090 sqft single family home built in 1885.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Porchlight Real Estate Group, Nikki Wiederaenders

Based on information from one of the following Multiple Listing Services: REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.