437 5th St
About This Property
Opportunity is calling with two residential lots in the welcoming community of Hugo, Colorado. Whether you're dreaming of building a single-family home, or multi-family housing, this property offers flexibility to match your goals.
Enjoy the charm of small-town living with wide open skies, peaceful surroundings, and room to grow. These lots provide a great setting for those looking to invest, build, or create a place to call home at a comfortable pace.
With residential zoning you have options-whether you're planning for personal use, multi-generational living, or income potential. Infrastructure is in place including streets, water, sewer, gas and electric. A small garage is currently located on the property but could be removed to begin with an open slate.
If you've been looking for a spot where you can take your time and build something meaningful, this could be just the right fit.
Zoning uses include single or multi-family homes, manufactured and modular homes are allowed with some restrictions.
Neighborhood uses: Salons and barbershops, Bakeries, Small-scale offices, Small-scale restaurants, Bed and Breakfasts, Child Day Care Centers.
Have an idea, schedule a showing, let's talk.
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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 |
|---|---|---|---|
| Apr 22, 2026 | Listed | $95,000 | |
| Listed | |||
| Dec 29, 2021 | Sold | ||
| Sold | |||
| Jul 27, 2021 | Listed by Gordon Real Estate Group | $40,000 | |
| Listed by Gordon Real Estate Group | |||
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Great opportunity to buy a corner lot with improvements already established on it. The trailer house is in very poor condition and is inhabitable. The trailer has not been purged, so it would be very easy to remove it and have a vacant lot for a new house or a new building. Electricity, water and sewer are already in place. There is a detached 1 car garage that has a fairly new metal roof on it. There is also an additional outbuilding that was used for storage.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017