3238-3240 N Madison Street, Denver, CO 80205

$599,000 Asking Price

3 beds
2 baths
1,420  sqft
Built in 1945

Don't miss this rare opportunity to own a property with significant income potential. Welcome to 3238-3240 Madison Street, a charming mid-century styled brick duplex in the heart of Denver. This listing offers an exceptional investment opportunity for first-time buyers and seasoned investors alike. The upstairs 2-bedroom, 1-bathroom unit is move-in ready, boasting recent renovations including newer double-pane windows, fresh paint, modern lighting, an updated bathroom, newer appliances, and a thoughtfully designed layout. The garden-level 1-bedroom, 1-bathroom unit is currently leased for $1,500 per month until February 2025 and has its own private entrance. Both units share a convenient laundry/utility room in the basement, complete with washer and dryer, and offer additional storage space. Recent property improvements include a recoated roof (2024), a brand-new water heater, and a new central air conditioning system. Step outside into your spacious backyard on this nearly 8,000 square foot lot, where the possibilities are endless. Expand your living space, build a garage or ADU(s), or create your own private oasis with gardening and entertaining areas. The large shed provides ample storage for tools and toys, and the fenced yard offers a secure haven for pets. With alley access, you can park up to 6 vehicles, including large RVs and boats. Located in the historic Clayton neighborhood, this property is close to highways, coffee shops, parks, restaurants, and the City Park Golf Course. Don't miss this rare opportunity to own a property with immense potential at a price below $600,000. Utilize this income property to offset your mortgage payment or potentially live rent-free. Financing incentives are available. Contact listing agent Bobby Reginelli for more details. Open House: Saturday, November 16th, 11:00 AM - 12:00 PM. Professional photos coming soon. Schedule your showing today!

Features & Amenities

Interior

Appliances:
Dryer, Oven, Refrigerator, Washer
Laundry:
Common Area
Basement:
Finished, Walk-Out Access
Flooring:
Carpet, Concrete, Linoleum, Tile
A/C:
Central Air
Heating:
Forced Air
Eco/Green Feature:
HVAC, Roof, Thermostat, Windows

Exterior

General:
Garden, Private Yard, Rain Gutters
Style:
Mid-Century Modern
Parking:
Parking spaces: 6

Construction

Roofing:
Fiberglass, Rolled/Hot Mop, Tar/Gravel
Windows:
Double Pane Windows
General:
Multi/Split

Location

Road/Access:
Public
Originating MLS:
recolorado
School District:
Denver 1
County:
Denver

Lot

Zoning:
U-TU-C, J COOK JRS NORTH DIVISION OF CAPITOL HILL B13 L4 & 5 & N/4L6, 2251-48-010
Fencing:
Full

Utilities

Utilities:
Cable Available, Electricity Connected, Internet Access (Wired)
Water:
Public
Sewer:
Public Sewer

Financial

Source:
recolorado
Ownership:
Individual
Exclusions:
Staging and tenant personal property. Owners property in shed.

This listing courtesy of:
MODUS Real Estate, Bobby Reginelli

About Denver, CO

Housing

Number of Units
527,977
Median Home Value
$435,944
Median Rent
$1,329

48.75% of housing units are renter occupied.

6.65% are vacant.

Commute

Car
56.73%
Public Transportation
3.93%
Walk to Work
2.72%
Work from Home
34.89%
Other
0.58%

The median travel time to work is 19 minutes.

People

Population
1,114,255
Median Age
35.70
Median Household Size
2.53

Education

High School
19.56%
Associate’s Degree
6.38%
Bachelor’s Degree
29.05%
Graduate Degree
17.25%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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