5231 Quitman St
About This Property
Super darling, fully updated bungalow in North Berkley just a few blocks west of Regis University and the lively Tennyson Street District. This sought-after area of Denver offers a vibrant blend of local shops, dining, and entertainment. With quick access to I-70, you're just minutes from the airport or your next mountain adventure! Curated, custom touches are everywhere! Custom wrought-iron fencing and porch detail which only add to the character and charm of this super cute home. Newer Quartz countertops with custom backsplash, roof and the siding were put on in the last 6 years, gutter helmets in the last 4 years, garage door and system just 5 years ago, new windows and hardwood flooring were installed in the last 14 years. The yard is in pristine condition complete with a sprinkler system, fully fenced with a pet door on the south exterior door. Keeping cool in the summer months is a breeze with a swamp cooler. The electrical system has been updated complete with new LED can lighting throughout the home. With a 2-car detached garage along with a carport there's plenty of room for your cars and toys. Zoned R2 in Adams County, this property is a rare gem for developers and investors alike. Short-term rentals are permitted, and the zoning allows for the potential to build a duplex, opening the door to endless possibilities. WELCOME HOME!
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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 |
|---|---|---|---|
| May 7, 2025 | Sold | ||
| Sold | |||
| Apr 17, 2025 | In contract | - | |
| In contract | |||
| Apr 10, 2025 | Price Decreased |
$489,000
↓ $10K
(2%) | |
| Price Decreased | |||
| Feb 19, 2025 | Price Decreased |
$499,000
↓ $1K
(0.2%) | |
| Price Decreased | |||
| Jan 30, 2025 | Price Decreased |
$500,000
↓ $60K
(10.7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017