1586 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 |
|---|---|---|---|
| Mar 19, 2025 | Sold | ||
| Sold | |||
| Mar 3, 2025 | In contract | - | |
| In contract | |||
| Feb 27, 2025 | Listed by Compass - Denver | $1,075,000 | |
| Listed by Compass - Denver | |||
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This classic Denver Square has unparalleled preserved charm throughout including inlay wood flooring, original built-ins, stained glass windows, functional pocket doors and quarter-sawn woodwork. While the charm has been preserved the systems have been updated for today's living to include a durable concrete tile roof, 220 outlet in the garage for EV charging and new HVAC including a high-efficiency heat pump. Welcome your guests in this home's gracious entry foyer that boasts an original built-in seat bench and grand staircase. The foyer is open to the living room featuring a cozy Valor gas fireplace. The formal dining room is inviting with its large bay window providing a spacious and comfortable feel. The kitchen has been upgraded with stainless appliances including a Wolf gas cooktop. A convenient breakfast nook with eastern exposure provides a sunny place for morning coffee. Upstairs there are three sizable bedrooms plus two studies. The basement has been fully refinished with LVP flooring, recessed lighting and a convenient built-in bar with wine and beverage fridges providing a spacious family room for media and games. The basement bathroom has also been updated with hexagon floor tile and a Euro-glass shower. The home is situated on a corner lot that's ideal for entertaining with custom landscaping including a stone patio, wooden deck, 2 large garden boxes, low-maintenance turf, Rachio wifi sprinkler system and a majestic award winning apple tree providing shade for the entire yard. A brick-clad 2-car detached garage upgraded with a 220 for EV charging plus a recently installed concrete pad for guest off-street parking provides plenty of space for vehicle and gear storage. This home is situated in a highly walkable location just one block from City Park and close to Downtown Denver.
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| Jun 27, 2016 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017