Sold
Last Sold Price
5 beds3 baths1,842 sqft$258/sqft
929 S Raleigh St, Denver, CO 80219
Multi FamilyProperty Type
6,350 sq ftLot Size
1936Year Built
$258/sq ftPrice per sq ft
6 carsParking Spaces

Description

Rare investment opportunity in the highly desirable Denver location. This property is packed with 2 units of 2 bed-1 bath currently rented for $1350,$1300, and a non-conforming basement studio type currently rented for $700. Unit 1 and 2 are equipped with a dishwasher, heat-gas, laundry room/ hookups, refrigerator, stove, and oven. The basement studio comes with a laundry room/ hookups, refrigerator, stove, and oven. This prime location provides quick access to downtown Denver, highways, Light Rail...Rare investment opportunity in the highly desirable Denver location. This property is packed with 2 units of 2 bed-1 bath currently rented for $1350,$1300, and a non-conforming basement studio type currently rented for $700. Unit 1 and 2 are equipped with a dishwasher, heat-gas, laundry room/ hookups, refrigerator, stove, and oven. The basement studio comes with a laundry room/ hookups, refrigerator, stove, and oven. This prime location provides quick access to downtown Denver, highways, Light Rail station, Belmar Shopping Center, and the Broncos Stadium. Great income-producing rental property and currently believed to be rented under market value. Huge additional upside potential. The current annual net income is $30,800. Projected Annual Net Income of $32,600 and Cap Rate of 6.5% advertised is based on conservatively increased rents. All three units have great tenants and have maintained the property very well. Come get this great rental property for any buyer! One of the units includes square footage that used to be a garage. Buyer to confirm all square footage since it doesn't match public records and is approximate. Please call roxane webster at 303-759-8522 with questions and submit all contracts' to roxane@myhometeamdenver. Com.
  • Listed by: Roxane Webster 303.759.8522 roxane@myhometeamdenver.com • Keller Williams Advantage Realty LLC
Listing closed: 11/24/2021 12:00 AM • Source: RECOLORADO as distributed by MLS GRID, MLS#: 6779557

Recent comparable sales

Median sold price

$455,000

Avg days on market

55

Sale-to-list ratio

93.7%

Denver, CO

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Location

Listing Courtesy of Keller Williams Advantage Realty LLC, Roxane Webster

Sold By HomeSmart, Terry Miller

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Property Information for 929 South Raleigh Street

Property Details
  • Taxes: $2,090 / year
  • MLS Type: Residential Income
  • Structure Type: Triplex
  • Architectural Style: Level
  • Levels: One
  • Subdivision Name: Kentucky Gardens
  • Association: No
  • Multiple Associations: No
  • Basement: Yes
Building Information
  • Year Built: 1936
  • Lot Size: 0.15 AC / 6,350 SF
Interior Area & SqFt
Interior Area & SqFt
  • Building Area Total (SqFt Total): 1842
  • Sqft Total: 1842
  • Living Area (SqFt Finished): 1842
  • Above Grade Finished Area: 1450
  • Living SqFt: 1450
  • Sq Ft Apx: 392
  • Area Source: Public Records
  • PSF Total: 258
  • PSF Above Grade: 328
  • PSF Finished: 258
  • Basement: Finished, Partial
  • Heating: Forced Air, Natural Gas
  • Cooling: None
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Dishwasher, Oven, Range, Refrigerator
  • Laundry Features: In Unit
Bed & Bath Summary
Bedrooms
  • Bedrooms Total: 2
Bathrooms
  • Bathrooms Total: 3
  • Upper Level Bathrooms: 0
  • Main Level Bathrooms: 0
  • Lower Level Bathrooms: 0
  • Basement Level Bathrooms: 0
Unit Information
Unit 1
  • Unit Type: 2 Bedroom
  • Units Total: 1
  • Unit Average Rent: $1,350.00
  • Unit Average Sq Ft: 800
  • Beds Total: 2
  • Baths Total: 1
  • Number Of Dishwashers: 1
  • Number Of Washers: 1
  • Number Of Dryers: 1
  • Number Of Hookups: 1
  • Number Of Refrigerators: 1
  • Number Of Stoves: 1
Unit 2
  • Unit Type: 2 Bedroom
  • Units Total: 1
  • Unit Average Rent: $1,300.00
  • Unit Average Sq Ft: 650
  • Beds Total: 2
  • Baths Total: 1
  • Number Of Dishwashers: 1
  • Number Of Washers: 1
  • Number Of Dryers: 1
  • Number Of Hookups: 1
  • Number Of Refrigerators: 1
  • Number Of Stoves: 1
Unit 3
  • Unit Type: 1 Bedroom
  • Units Total: 1
  • Unit Average Rent: $700.00
  • Unit Average Sq Ft: 392
  • Beds Total: 1
  • Baths Total: 1
  • Number Of Hookups: 1
  • Number Of Refrigerators: 1
  • Number Of Stoves: 1
Parking
Parking
  • Attached Garage: No
  • Parking Details: 2 Spaces/Unit
  • Parking Total: 1
  • Garage Spaces: 0
  • Offstreet Spaces: 6
  • Parking Count: 6
  • 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
  • Elementary School: Castro
  • Elementary School District: Denver 1
  • Middle Or Junior School: Compass Academy
  • Middle Or Junior School District: Denver 1
  • High School: Abraham Lincoln
  • High School District: Denver 1
Site & Location Information
  • Lot Size Acres: .15
  • Lot Size Square Feet: 6350
  • Lot Features: Level
  • Zoning: E-SU-D1X
  • Accessibility Features: Level
  • Distance To Bus: 1
  • Distance To Bus Units: Blocks
  • Property Exclusions: Tenant's personal property
Building Information
Green Features
  • Green Verification Count: 0
Outbuildings
  • Out Building Count: 0
  • Horse: No
Building Information
  • Construction Materials: Brick, Frame
  • Roof: Composition
  • Livable Structure Count: 0
  • Unit Count: 3
Water & Utilities
Water & Utilities
  • Water Source: Public
  • Utilities: Cable Available
  • Sewer: Public Sewer

Property History for 929 South Raleigh Street

DateEvent & SourcePriceAppreciation
Nov 24, 2021

Sold (Public Record)

Public Record #1477552098

$475,000

+7.3% / yr

Mar 1, 2018

Sold (Public Record)

Public Record #621183003

$365,000

+17.3% / yr

May 16, 2013

Sold (Public Record)

Public Record #353908741

$170,000

+7.0% / yr

DateEvent & SourcePrice
11/24/2021

Sold (Public Record)

Public Record #1477552098

$475,000

+7.3% / yr

03/01/2018

Sold (Public Record)

Public Record #621183003

$365,000

+17.3% / yr

05/16/2013

Sold (Public Record)

Public Record #353908741

$170,000

+7.0% / yr

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 929 South Raleigh Street

Taxable ValueLand$8,930Additions$8,930Total$17,860
Tax Record2025$2,474 ($206 / month)
Home Facts
Beds2Baths2.5Total Finished SqFt2,234 SqFtAbove Grade Finished SqFt1,842 SqFtFinished Basement SqFt392 SqFtStories1Lot Size6,350 SqFtStyleSingle Family ResidenceYear Built1936Year Renovated2012ZoningE-SU-D1XCountyDENVERAPN05184-15-019-000

Schools near 929 South Raleigh Street

This home is within Denver County 1 School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 5 to 8
Charter - 6 to 8
Charter - 6 to 8
Rating
School
Distance
Castro Elementary School
PublicK to 5

KIPP Sunshine Peak Academy
Charter5 to 8

Compass Academy
Charter6 to 8

DSST: College View Middle School
Charter6 to 8

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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Nearby home values

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Advantage Realty LLC, Roxane Webster

Based on information submitted to the MLS GRID as of 12/03/2022 05:33 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.