1611 Steele St
About This Property
Inside, the home retains its historic character while benefiting from carefully chosen improvements that enhance comfort and functionality without sacrificing style. Crown molding adds elegance throughout the main level and basement, while fresh interior paint creates a bright, refreshed feel. The basement includes a newer egress window, offering additional flexibility for living space, guests, or a home office.
Major system and exterior upgrades provide long-term peace of mind, including recent roof, gutters, windows, and attic insulation. Brickwork has been professionally point-tucked, preserving the historic exterior while reinforcing structural integrity.
Outdoor spaces have been thoughtfully improved with paver in both the front walkway and back patio, along with a low-maintenance composite deck ideal for entertaining or relaxing outdoors. The property also includes a rare three-car garage with attic storage, offering exceptional parking and storage options for city living.
One of the most unique features of this Denver Square is the extra-tall attic with standing room, a characteristic that has allowed neighboring homes with similar layouts to expand their finished living space. This provides exciting future potential for buyers interested in adding square footage while preserving the home's historic charm.
With its combination of original character, meaningful upgrades, outdoor living spaces, and unbeatable proximity to City Park and neighborhood amenities, this home offers a rare opportunity to enjoy the best of historic Denver living with modern comfort.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017