4585/4587 E Yale Avenue, Denver, CO

$775,000

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6

Beds

2

Baths

2,052

Square feet

0.15

Acres

About 4585/4587 E Yale Avenue

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 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.

Features of 4585/4587 E Yale Avenue

MLS® # 6562880
Price $775,000
Bedrooms 6
Bathrooms 2.00
Square Footage 2,052
Acres 0.15
Year Built 1958
Type Residential Income
Sub-Type Duplex
Style Traditional
Status Active

Community Information

Address 4585/4587 E Yale Avenue
Subdivision Hutchinsons University Place
City Denver
County Denver
State CO
Zip Code 80222

Amenities

Utilities Electricity Available
Parking Spaces 2
# of Garages 1
Is Waterfront No
Has Pool No

Interior

Heating Forced Air, Hot Water
Cooling None
Fireplace No
Stories One
Basement Partial, Unfinished

Exterior

Lot Description Level
Roof Composition

School Information

District Denver 1
Elementary University Park
Middle Merrill
High Thomas Jefferson

Additional Information

Date Listed May 29th, 2025
Zoning S-MU-5
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeMadison & Company Properties
Contact

Listing Map

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