2540 S Kipling ST Lakewood, CO 80227
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,522 sqft
Price per Sqft $465
Subdivision Carmody Hillcrest
MLS Listing ID 5263034
Style Bungalow
Bedrooms 4
HOA Y/N No
Abv Grd Liv Area 2,522
Year Built 1973
Annual Tax Amount $6,068
Tax Year 2025
Lot Size 1.000 Acres
Acres 1.0
Property Sub-Type Duplex
Source recolorado
Property Description
• Current cottage rent: $2,300/month + pet rent, month-to-month
• Gross annual income from cottage: $27,600+
• Well and septic on both homes — no city water/sewer utility expense, which is a real line-item difference in Colorado
• Owned solar system (paid off, transfers to buyer) — reduces main house carrying cost further
Why This Pencils Differently Than a Typical SFR Most single-family homes don't generate income while you live in them. This one does. Note that this isn't a fully-rented investment property with a cap rate to calculate — you're occupying the main house, so the $27,600/year from the cottage is best thought of as a direct offset to your mortgage and carrying costs, not a return on the full property value. For a buyer comparing this to a typical SFR purchase, the comparison that matters is: same house, minus roughly $2,300/month in housing cost, because someone else is paying it. Ask your lender how this property's existing lease applies to your specific loan program for qualifying purposes.
The Main House 4BR/3BA (two bedrooms non-conforming, in a walk-out basement with its own private entrance — functionally a separate living space within the home), 200-degree mountain and city views, 5-burner gas range kitchen, owned solar, central wood stove, central AC, main-floor laundry.
The Cottage 2BR/1BA, central AC, currently tenant-occupied at $2,300/mo + pet rent on a flexible month-to-month lease. Has its own white picket-fenced yard, fully separate from the main house's yard — genuine privacy and separation, not a shared backyard arrangement. MTM lease means a buyer can keep the income running indefinitely or transition the space on their own timeline.
Carmody Hillcrest neighborhood, Jeffco schools
Location
State CO
County Jefferson
Rooms
Basement Full
Interior
Interior Features Eat-in Kitchen
Heating Forced Air, Natural Gas, Solar, Wood Stove
Cooling Central Air
Flooring Carpet, Tile, Vinyl, Wood
Fireplace N
Appliance Dishwasher, Disposal, Double Oven, Dryer, Microwave, Oven, Range, Range Hood, Refrigerator, Washer
Laundry In Unit
Exterior
Exterior Feature Private Yard, Spa/Hot Tub
Parking Features Gravel
Fence Partial
Utilities Available Electricity Connected, Natural Gas Connected
View City, Mountain(s), Plains
Roof Type Composition
Total Parking Spaces 4
Garage No
Building
Foundation Concrete Perimeter
Sewer Septic Tank
Water Well
Level or Stories One
Structure Type Brick
Schools
Elementary Schools Green Gables
Middle Schools Carmody
High Schools Bear Creek
School District Jefferson County R-1
Others
Senior Community No
Ownership Individual
Acceptable Financing Conventional, FHA, Jumbo, VA Loan
Listing Terms Conventional, FHA, Jumbo, VA Loan
Special Listing Condition None
Virtual Tour https://www.zillow.com/view-imx/b690166e-3002-46e3-a29e-ed95e4f9de6c?setAttribution=mls&wl=true&initialViewType=pano
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION
- Homes For Sale in Aurora, CO
- Homes For Sale in Denver, CO
- Homes For Sale in Castle Rock, CO
- Homes For Sale in Franktown, CO
- Homes for sale in Golden
- Homes For Sale in Greenwood Village, CO
- Homes For Sale in Highlands Ranch, Littleton, CO
- Homes For Sale in Parker, CO
- Homes for sale in Thornton
- Homes for sale in Westminster