2854 Eliot St
About This Property
Zoned for up to three stories, three units, or an ADU, this property is a rare find for those looking to renovate, build, or develop. Whether you envision restoring the home's original charm or creating a modern multi-unit residence, the possibilities here are exceptional. The existing home features first and second-story decks, along with a full suite of new kitchen appliances installed in spring 2024-offering a solid foundation for your vision.
Convenience abounds with Safeway just three blocks away, 25th and Eliot five blocks, and Highlands Square only 10 blocks from your doorstep. Enjoy being across the street from North High School and Viking Park, with Highland Park, Sloan's Lake, and Mile High Stadium all nearby.
For those who value a truly local neighborhood lifestyle, this location delivers. From coffee shops and restaurants to parks, trails, and public transit, you'll have everything you need right outside your door.
The seller is motivated-bring your creativity and seize this unique opportunity to craft something special in one of Denver's most sought-after neighborhoods.
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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 |
|---|---|---|---|
| Jan 4, 2026 | Relisted | $695,000 | |
| Relisted | |||
| Dec 15, 2025 | In contract | - | |
| In contract | |||
| Dec 14, 2025 | Price Decreased |
$695,000
↓ $33K
(4.5%) | |
| Price Decreased | |||
| Dec 6, 2025 | Price Decreased |
$727,500
↓ $23K
(3%) | |
| Price Decreased | |||
| Nov 22, 2025 | Price Decreased |
$750,000
↓ $20K
(2.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017