745 Scott St
About This Property
Thoughtful improvements include a metal roof installed in 2015, a covered front porch with tongue-and-groove beetle-kill pine ceiling, water heater replaced in 2022, newer dishwasher, newer full-size stackable washer and dryer, and a well pressure tank replaced in summer 2026.
The 0.22-acre lot features a fully fenced front yard, mature trees, established gardens and flagstone accents. Ample off-street parking adds convenience, with Arkansas Hills views from the backyard and glimpses of the surrounding mountains including the Sangre de Cristos. The Arkansas Hills are home to Tenderfoot Trails, which is the closest trail system to downtown Salida. A finished 10' x 20' she-shed with electricity, drywall, LVP flooring and windows offers versatile bonus space for an office, studio or workshop. A separate 6' x 10' shed adds storage. R-3 Higher Density Residential zoning offers potential flexibility for expansion or additional residential development, including an ADU, subject to City approval.
The property is served by a private well and City sewer. A City of Salida annexation agreement contains requirements related to municipal water connection upon sale. Contact listing broker for details.
Walk to restaurants, the bakery, the gym and a trail following the S Arkansas River to its confluence with the Arkansas River. Monarch Mountain ski area is 30 minutes away. OPEN HOUSE, 9/27, 11-2
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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%.
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 12, 2026 | In contract | - | |
| In contract | |||
| Sep 25, 2026 | Listed | $529,000 | |
| Listed | |||
| Dec 20, 2013 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017