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5 Beds
3 Baths
2,362 sqft

$640,000

1950 Independence Street, Lakewood CO, 80215

Price per sqft$270.96
Built in1960
Property size2,362 sqft
Property typeMulti-family

Overview

Active

Listed Oct 26, 2026

Updated 15h ago

MUST WATCH VIDEO VOICEOVER WALKING TOUR! Click the Virtual Tour link or search the property address on YouTube to watch the full tour! Great investment opportunity with this classic 1960 brick ranch-style duplex offering two spacious units, each with its own garage space in the shared two-car garage. One unit features 3 bedrooms, 2 bathrooms and a basement, while the second unit offers 2 bedrooms and 1 bathroom. Both units feature functional kitchens, reasonably maintained bathrooms and tremendous potential with some cosmetic updating. New flooring is needed in portions of the property, making this an excellent opportunity to add value through improvements. Recent exterior upgrades include a brand-new concrete driveway and new front walkways. Attractive brick construction, gas hot water heat and separate water heaters for each unit, installed in 2019 and 2020. The heating boiler may need servicing or replacement. Based on preliminary rental research, potential rents are estimated at approximately $2,000 to $2,500 per unit monthly, depending on unit size, condition and improvements. Buyers should independently verify rental potential and property condition. A wonderful opportunity to own a classic duplex with strong income potential and room to build equity through thoughtful improvements. Property is being sold by the Jefferson County Deputy Public Administrator.

$4,258/mo

Est. mortgage payment based on a $640,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
4215825

Interior Features

Bedrooms
5
Bathrooms
3
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.29 Acres

Other Property Details

Taxes
$7,708
Tax Frequency
Annually
Garage
Yes
55+/Senior Community
No
MLS provider logo
Listed by Urban Companies, Jim Urban, Listing Contact: [email protected],303-588-7000 
 

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