588 Empire St
About This Property
The basement includes two additional large bedrooms, a 3/4 bathroom, a laundry room, and plenty of storage. There's also a dedicated camper pad next to the garage for added parking flexibility.
Conveniently located near Lowry Town Center, Children's Hospital, Fitzsimons Medical Campus, Buckley Air Force Base, and just 15 minutes to downtown Denver. With quick access to I-70, I-225, and public transit, commuting is a breeze. No HOA! This home has been a rental and could use some updates, but it's full of potential for the right buyer.
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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 | In contract | - | |
| In contract | |||
| Dec 6, 2025 | Price Decreased |
$417,000
↓ $10K
(2.3%) | |
| Price Decreased | |||
| Oct 31, 2025 | Price Decreased |
$427,000
↓ $11K
(2.5%) | |
| Price Decreased | |||
| Jul 26, 2025 | Price Decreased |
$437,775
↓ $11K
(2.5%) | |
| Price Decreased | |||
| Jul 19, 2025 | Price Decreased |
$449,000
↓ $5K
(1.1%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017