1405 K St
About This Property
Welcome to 1405 K Street! A well-maintained split-level home on a 0.24-acre corner lot in the quiet Kelseys Addition neighborhood of Salida. Built in 1975 and thoughtfully updated over the years, this 4-bedroom, 2-bathroom home offers 2,016 square feet of comfortable living space plus an unfinished basement for added storage or workshop space.
The upper level includes three bright bedrooms and a full bath. The lower level features a private fourth bedroom, an additional full bath, and a second living area with a cozy fireplace, perfect for guests or multi-generational living. The main level flows easily from the living room to the kitchen and dining areas.
Outside, you'll find a covered front porch, a private back patio off the dining room, a spacious fenced backyard, and a storage shed with convenient alley access. The 576 square foot attached garage provides ample room for vehicles, tools, and gear. With over two city lots, the property offers plenty of space to spread out, garden, or build.
Just minutes from downtown Salida, this home blends space, comfort, and location in one of Chaffee County's most established neighborhoods.
Listed By
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 18, 2025 | In contract | - | |
| In contract | |||
| Jul 3, 2025 | Price Decreased |
$839,000
↓ $46K
(5.2%) | |
| Price Decreased | |||
| May 1, 2025 | Listed by Century 21 Community First | $885,000 | |
| Listed by Century 21 Community First | |||
| Jun 1, 1985 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017