$310,000
●
House -
Off Market
446 Elati St
Denver, CO 80204
2 Beds
1 Bath
724 Ft²
$1,731
Est. Monthly
About This Property
Investor/builder/developer special!! Fantastic opportunity to
scrape/build or remodel in heart of the popular Baker district. One
of the larger lots in the area at 4687 SF zoned for a rowhouse,
townhouse, multifamily up to 2.5 stories. The existing home
is outside the historic district. A Certificate of Demolition
Eligibility has been obtained from Landmark Preservation. If
remodeled, this is a complete fixer - needs everything except
furnace (2021), water heater (2023) and windows (2019). Priced at
land value and sold strictly as-is. Great location close to bars,
restaurants and shopping on Broadway.
Unit Size
724 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$428
Property Type
House
Property Taxes
$208
HOA Dues
-
Year Built
1886
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 6 months ago (REcolorado MLS #IRE6205038)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 6, 2025 | Sold | ||
| Sold | |||
| Feb 6, 2025 | In contract | - | |
| In contract | |||
| Feb 4, 2025 | Listed by Your Castle Realty LLC | $310,000 | |
| Listed by Your Castle Realty LLC | |||
| | |||
|
Investor/builder/developer special!! Fantastic opportunity to scrape/build or remodel in heart of the popular Baker district. One of the larger lots in the area at 4687 SF zoned for a rowhouse, townhouse, multifamily up to 2.5 stories. The existing home is outside the historic district. A Certificate of Demolition Eligibility has been obtained from Landmark Preservation. If remodeled, this is a complete fixer - needs everything except furnace (2021), water heater (2023) and windows (2019). Priced at land value and sold strictly as-is. Great location close to bars, restaurants and shopping on Broadway.
| |||
| Jul 15, 2024 | Price Decreased |
$379,000
↓ $21K
(5.3%) | |
| Price Decreased | |||
| Jun 20, 2024 | Listed | $400,000 | |
| Listed | |||
| | |||
|
Fantastic opportunty to remodel or scrape/rebuild in heart of the popular Baker district. One of the larger lots in the area at 4687 SF zoned for a rowhouse, townhouse, multifamily up to 2.5 stories. This home, built in 1886, needs quite a bit of work and currently has 2 bedrooms and 1 bathroom but can be expanded to include additional living space, an ADU and a garage. Updated homes in the neighborhood are selling for $800k to more than $1M. Great location close to bars, restaurants and shopping on Broadway.
| |||
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Property Highlights
Parking Available
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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About Southwest Denver
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Listed by: Scott Wyatt,
Last Updated: 6 months ago
Data Source: REcolorado MLS, MLS# IRE6205038
© 2026 REcolorado® All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REcolorado®. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 6 months ago
Data Source: REcolorado MLS, MLS# IRE6205038
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