2029 Gray St
About This Property
The home was fully rebuilt above grade, creating a truly new-construction experience while thoughtfully preserving and transforming the basement. Wide-plank hardwood floors, abundant windows and an open-concept design create a bright, sophisticated setting for everyday living and entertaining. The chef-inspired kitchen features an oversized quartz island, two-tone cabinetry, stainless-steel appliances, generous storage and designer lighting. The adjoining dining and living areas flow seamlessly together, anchored by a sleek fireplace.
Upstairs, the spacious primary suite offers abundant natural light and a beautifully appointed en-suite bath with dual vanities, stone counters, brass accents, a soaking tub and a large walk-in shower. Four additional bedrooms and three more bathrooms provide exceptional flexibility for guests, offices, fitness space or multigenerational living.
A standout feature is the covered, west-facing second-level balcony, where mountain views, a warm wood ceiling and generous space for seating create an ideal setting for morning coffee, evening cocktails and Colorado sunsets. The finished lower level offers a separate entrance, kitchen and versatile living space-an exceptional opportunity for guests, extended living or a private suite. A brand-new detached two-car garage adds valuable parking and storage.
This exceptional residence places refined new construction, thoughtful design and flexible living spaces within easy reach of Sloan's Lake, Edgewater, the Highlands and Downtown Denver.
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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 |
|---|---|---|---|
| Sep 16, 2026 | In contract | - | |
| In contract | |||
| Sep 7, 2026 | Listed | $1,189,000 | |
| Listed | |||
| Mar 29, 1994 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017