UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,692 sqft
Subdivision Highland Park
MLS Listing ID IRE6370251
Bedrooms 8
HOA Y/N No
Year Built 1965
Annual Tax Amount $3,114
Tax Year 2024
Property Sub-Type Duplex
Source ires
Property Description
11036 & 11038 E. 4th Way presents an attractive income-producing investment opportunity. The property consists of a duplex-style building that is currently configured with four separate residential living spaces, each featuring its own kitchen, bathroom, and in-unit laundry. Buyers are encouraged to conduct their own due diligence regarding the property's configuration, zoning, and permitted use.
The property is currently 3 of 4 units leased, with two residents in place, one resident scheduled to move in on July 25, 2026, and one vacant unit providing immediate lease-up potential. Current lease information and rent roll are available upon request.
Residents are responsible for gas, electric, trash, internet, and cable. The property is served by one water meter and two electric meters (one per address). Annual property taxes are approximately $3,114, and annual insurance is approximately $2,000.
Originally built in 1965, the property underwent extensive renovations in 2021-2022, with additional capital improvements completed through 2025. Recent upgrades include a Class 4 impact-resistant roof (2025), sewer and drain line replacement (2023), Bosch high-efficiency mini-split systems in the main-level units (2023-2024), new furnaces and air conditioning for the basement units (2022), a new dishwasher (2023), and a new washer and dryer (2024).
Each residence features quartz countertops, stainless steel appliances, and updated finishes designed to appeal to today's renters.
Offering 3,692 square feet of living space on a 7,449-square-foot lot, recent capital improvements, in-place rental income, and additional upside through leasing the remaining vacant unit, this property presents a compelling opportunity for investors seeking long-term cash flow and value-add potential.
Location
State CO
County Arapahoe
Community Highland Park
Area Metro Denver
Rooms
Basement Partially Finished
Interior
Heating Forced Air
Cooling Central Air
Appliance Refrigerator, Washer, Dryer, Microwave, Fire Alarm
Exterior
Parking Features None
Utilities Available Natural Gas Available
View Y/N No
Roof Type Composition
Garage No
Building
Sewer Public Sewer
Water City
Level or Stories One
Structure Type Brick,Other,Concrete
New Construction false
Schools
Elementary Schools Lansing
Middle Schools South
High Schools Adams-Arapahoe 28J
School District Adams-Arapahoe 28J
Others
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Special Listing Condition Private Owner
Nearby Locations
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