589 Augusta Dr
About This Property
The combined parcel is flat and pine covered throughout, giving you a clean, workable building footprint with natural character already on site. A well and septic would need to be installed. With two separately deeded lots, you also have flexibility to build on both, sell one and offset your cost, or hold the full acre as a single cohesive homesite.
Turquoise Lake is just minutes away, along with the Mineral Belt Trail, world class fishing, hiking, mountain biking, and National Forest access in every direction. Copper Mountain and the broader Summit County ski corridor are within easy reach for winter recreation. Downtown Leadville, one of Colorado's most iconic mountain towns, is right around the corner for dining, shopping, and local character.
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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 |
|---|---|---|---|
| Aug 31, 2026 | Listed | $199,900 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017