1621 Salvia Street, Golden, CO 80226
Local realty services provided by:ERA Shields Real Estate
1621 Salvia Street,Golden, CO 80226
$950,000
- 8 Beds
- 4 Baths
- 3,394 sq. ft.
- Single family
- Pending
Listed by: robby c mcclure ii
Office: mcclure and associates
MLS#:8359411
Source:ML
Price summary
- Price:$950,000
- Price per sq. ft.:$279.91
About this home
Rare opportunity to own a triplex in one of Golden’s most desirable and supply constrained locations. Offering a 5.78% cap rate based on current rents, this well maintained property provides immediate, stable cash flow and excellent long term investment potential.
All three units are currently rented, generating $5,995 per month in gross rental income, with Unit 1 at $1,850 per month, Unit 2 at $2,750 per month, and Unit 3 at $1,395 per month. Unit 2 is leased through July 2027, while Unit 3 is currently month to month. The property offers a versatile unit mix, and two of the three units feature private fenced yards. Professionally xeriscaped landscaping provides attractive, low maintenance curb appeal.
The location is one of the property’s greatest advantages. South Table Mountain trails and open space are directly across the street, while Colorado School of Mines, downtown Golden, NREL, restaurants, breweries, shopping, and recreation are all just minutes away. Convenient access to Highway 6 and I-70 provides easy commuting to Denver, Boulder, and throughout the Front Range while allowing tenants to enjoy everything the Golden lifestyle has to offer.
For investors looking to expand their portfolio, the neighboring triplex at 1617 Salvia Street is also available, creating an extremely rare opportunity to acquire one or both properties and establish a larger multifamily investment in Golden.
With all three units currently producing income, a strong Golden location, limited competing multifamily inventory, and the opportunity to purchase the neighboring triplex as well, this is a compelling opportunity for an investor looking for immediate cash flow and long term appreciation potential....
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Home facts
- Year built:1962
- Subdivision & Development:Rockridge
- Listing ID #:8359411
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Full bathrooms:3
- Flooring:Carpet, Vinyl, Wood
- Kitchen Description:Dishwasher, Microwave, Range, Refrigerator
- Basement:Yes
- Basement Description:Partial, Walk-Out Access
- Living area:3,394 sq. ft.
Heating and cooling
- Cooling:Air Conditioning-Room, Attic Fan
- Heating:Forced Air
Structure and exterior
- Roof:Composition
- Year built:1962
- Building area:3,394 sq. ft.
- Lot area:0.19 Acres
- Architectural Style:Traditional
- Construction Materials:Frame
- Exterior Features:Covered, Front Porch, Private Yard
- Levels:1 Story
Schools
- High school:Golden
- Middle school:Creighton
- Elementary school:Shelton
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$950,000
- Price per sq. ft.:$279.91
- Tax amount:$2,385 (2024)
Features and amenities
- Laundry features:Dryer, In Unit, Washer
Parking
- Total parking spaces:7
- Parking description:Concrete Driveway
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