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4585/4587 E Yale AvenueDenver, CO 80222

For Sale

$775,000

Smart Buyer Rebate $7,750

House Hack Opportunity! Multi-unit investor special! Centrally located blocks from Yale Street Station and the University of
Denver DU, this updated duplex is a great investment! Perfect for Student housing and roommates or professor. Each side
has 3 beds, 1 bath, and 1,026 square feet, and what makes this property even more versatile is a basement bonus room
with outside access (owner unit only)to utilize as a home office, storage space, workout space. The primary "owner-unit"
unit has been updated (photos shown). The "tenant-unit" is in rental condition w/ long-term renter on a mo-to-mo lease.
This duplex has it all, boasting 6 beds, 2 baths, and a total of 2,257 square feet. W/D hookups in both units. Enjoy city
living with the convenience of a single-car garage offering ample storage space. "Owner Unit" has a 1 car garage and
"tenant unit" has a carport. Don't miss the opportunity to make this exceptional investment yours today! Owner has a
second exact duplex unit available if you are interested in completing your rental portfolio with a 4-plex. Ask listing agent
for more details. ********************************** The multi-unit rental property strategy: With rent prices
soaring, now would be a great time to become a real estate investor — if it weren’t for all the upfront cash needed to buy
an investment property. BUT WAIT......there's a way around this hurdle: You could buy a multifamily property, move into
one of the units, and earn passive income by collecting rent on the other units. By living in one of the units, you’d be
meeting the owner-occupancy rule for your mortgage. That means getting a lower mortgage rate compared to a loan for
commercial properties. This strategy won’t finance an entire apartment complex or a mixed-use development. It will,
however, work for a 2-, 3-, or 4-unit property.

Listed by Angela Fox

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License #043577

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Madison & Company Properties

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303-246-6629

Last updated August 06, 2025

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Source: REcolorado #6562880

Listing Facts

  • TypeMulti-family
  • NeighborhoodUniversity Hills
  • Bedrooms6
  • Bathrooms2
  • Days on Prevu102
  • Taxes$3,688/year
  • Size2,052 sqft
  • Price per sqft$378

Amenities

  • Private Outdoor Space
  • Parking

Location

Mortgage Calculator

Listing History

06/17/2025
Price Decreased
$775,000
05/28/2025
Listed by Madison & Company Properties
$785,000

Property Details for 4585/4587 E Yale Avenue

Exterior

Construction

  • Property Attached: Yes
  • Roof: Composition
  • Structure Type: Duplex
  • Year Built: 1958
  • Architectural Style: Traditional
  • Common Walls: 1 Common Wall
  • Construction Materials: Brick
  • Entry Location: Ground

Features

  • Patio And Porch Features: Deck

Measurements

  • Building Area Total: 2,257
  • Lot Features: Level
  • Lot Size Acres: 0.15
  • Lot Size Area: 6,600
  • Lot Size Square Feet: 6,600
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Gross Income: $4,000.00
  • Operating Expense: $65.00
  • Operating Expense Includes: Insurance, Maintenance, Personal Property Tax, Real Estate Tax, Utilities

Taxes

  • Parcel Number: 6303-16-012
  • Tax Annual Amount: $3,688.00
  • Tax Year: 2024

Interior

Features

  • Flooring: Carpet, Linoleum, Wood

Measurements

  • Living Area: 2,052

Rooms

  • Basement: Partial, Unfinished
  • Has Basement: Yes
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 6

Other

General

  • Exclusions: Tenants' property

Location

  • Subdivision Name: Hutchinsons University Place

Parking

Parking

  • Carport Spaces: 1
  • Garage Spaces: 1
  • Parking Total: 2

Schools

Elementary School

  • Elementary School: University Park
  • Elementary School District: Denver 1

High School

  • High School: Thomas Jefferson
  • High School District: Denver 1

Middle or Junior School

  • Middle Or Junior School: Merrill
  • Middle Or Junior School District: Denver 1

Utilities

Equipment

  • Heating: Forced Air, Hot Water
  • Laundry Features: In Unit
  • Sewer: Public Sewer
  • Utilities: Electricity Available

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than Prevu are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.