131 3rd 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 |
|---|---|---|---|
| Nov 30, 2025 | Listed by Compass-Denver | $562,000 | |
| Listed by Compass-Denver | |||
| Oct 2, 2025 | No longer available | - | |
| No longer available | |||
| Oct 1, 2025 | Listed | $520,000 | |
| Listed | |||
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Welcome to 131 3rd Street - a completely reimagined property that perfectly blends comfort, flexibility, and opportunity. Every inch of this home and its approved accessory dwelling unit (ADU) has been updated, giving you the best of modern living with small-town charm and mountain views.
The main home features four bedrooms and one full bath, filled with natural light from brand-new Pella windows. Enjoy a fresh kitchen with all-new appliances, including a gas stove with a vented microwave, new countertops, flooring, fixtures, and trim. The updates continue with a new furnace, tankless water heater, updated plumbing and electrical, and new gutters. A bonus attic-style storage area sits behind the bedrooms - ideal for extra space or projects.
The ADU is fully approved and completely renovated. This all-electric studio features an electric cooktop, new water heater, ceiling fans, LED lighting, and a high-efficiency Arctic Hyper Heat mini-split system for heating and cooling. With new siding and Pella windows, it's perfect as a guest suite, rental, studio, or home office.
Outside, there's a tall new carport (9.5-ft clearance) that fits work vehicles, plus large storage sheds and a ~7,000 sq ft lot with mature ash and pear trees and new landscaping. The adjacent lot of similar size is also available for purchase.
Located in the heart of Dacono, this home sits just minutes from Highway 52 and I-25, giving you quick access to Denver, Boulder, and northern communities. Dacono is known for its welcoming small-town vibe, growing local events calendar, and nearby attractions like the Colorado National Speedway. If you've been searching for a move-in-ready home with a flexible layout, incredible updates, and income potential - this is the one.
This property is eligible for a 2-1 interest rate buy-down. Vacant lot next door currently being subdivided, which will be complete before closing. Contact listing agent for more information.
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| Jul 4, 2025 | Listed by West and Main Homes Inc | $519,000 | |
| Listed by West and Main Homes Inc | |||
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Beautifully remodeled and move-in ready! This freshly updated 4-bedroom, 1-bath home in the heart of Dacono shines with new paint, flooring, windows, HVAC system, and appliances - all the hard work has been done for you. The spacious, sunlit interior flows seamlessly to a large, fenced yard - perfect for entertaining, pets, or gardening.
An added bonus: a separate 1-bedroom, 1-bath income-producing renovated ADU (Accessory Dwelling Unit) offers great flexibility as a rental, guest space, or private office. A covered carport adds convenience, and with easy highway access, your commute is a breeze. FYI...lot adjacent to property can be purchased for additional $135,000. Seller to add Central A/C with reasonable offer!
Don't miss this move-in ready property with modern upgrades, income potential, and room to enjoy - schedule your showing today! lot adjacent to property can be purchased for $135,000. Seller to add Central A/C with reasonable offer!
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| Nov 13, 2024 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017