1149 Steele St
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 28, 2025 | Sold | ||
| Sold | |||
| Feb 5, 2025 | In contract | - | |
| In contract | |||
| Jan 30, 2025 | Listed by Porchlight Real Estate Group | $1,150,000 | |
| Listed by Porchlight Real Estate Group | |||
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Welcome to the timeless charm of this classic Denver Square in the heart of Congress Park. With three bedrooms upstairs and three baths, this home features a seamless blend of historic character and modern potential. Inside, you'll discover beautifully crafted original millwork, elegant pocket doors, a stunning fireplace mantel, and both leaded and stained glass windows. The updated addition features a spacious kitchen with a large island and built-in banquette seating, the perfect space to enjoy everyday meals and entertaining. While the home retains its historic allure, it presents an incredible opportunity for future owners to further update and personalize to their design taste. Situated on a lot and a half, the property includes a detached two-car garage and ample outdoor space to create your own urban oasis. Design renderings have been completed, showing one potential option for creating a new primary suite and reconfiguring the second floor to include 4 bedrooms and 2 bathrooms. The home has updated windows, newer roof (2015) with class IV hail resistant shingles, refinished hardwood floors (2024), and plenty of opportunity to create your dream house. Located in one of Denver's most beloved neighborhoods, local favorites are just moments away, including Blue Pan Pizza, the lush Denver Botanic Gardens, and Congress Park. You'll also enjoy easy access to the vibrant shops and venues along Colfax, Cherry Creek, and the exciting new 9+Co development. Don't miss the chance to make this gem your own!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017