721 Monroe St
About This Property
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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 |
|---|---|---|---|
| Mar 26, 2025 | Sold | ||
| Sold | |||
| Mar 12, 2025 | In contract | - | |
| In contract | |||
| Mar 5, 2025 | Listed | $1,095,000 | |
| Listed | |||
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Experience the perfect blend of historic charm and modern convenience at 721 Monroe Street, just steps away from the iconic 7th Ave Parkway in Denver's esteemed Congress Park neighborhood. This beautifully maintained home is zoned for the highly coveted Steck Elementary School. Situated on an expansive one-and-a-half-lot property, the residence offers ample space for potential expansion or outdoor enjoyment. The backyard boasts raised garden beds, a large deck, stone paths and patios. The home exudes character and warmth, with French doors along the south side that floods the interior with natural light. The layout includes two main floor bedrooms and a versatile third non-conforming bedroom, which can be easily adapted with the addition of an egress window. Beyond the property's immediate appeal, its prime location offers unparalleled access to some of Denver's most cherished amenities. Congress Park and the enchanting Denver Botanic Gardens are less than one mile away, providing endless opportunities for recreation and leisure. Food enthusiasts will appreciate the proximity to local coffee shops and the convenience of Trader Joe's for everyday shopping needs. Additionally, the vibrant Cherry Creek North district, renowned for its 16 walkable blocks of boutiques, shops, and restaurants, is just a short mile away, offering a dynamic urban experience. Embrace the opportunity to own a home that combines historic allure with modern amenities, all within one of Denver's most desirable neighborhoods.
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| May 12, 2009 | Sold | ||
| Sold | |||
| Mar 14, 2007 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017