REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Bob Engel

[email protected] +1(303) 638-0780

$ 625,000

Est. payment -/mo

Save

New

492 S Owens Lakewood, CO 80226

4 Beds

2 Baths

2,373 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,373 sqft

Subdivision Mountain Park

MLS Listing ID IRE9954886

Style Fixer-Upper

Bedrooms 4

Full Baths 1

Three Quarter Bath 1

HOA Y/N No

Year Built 1966

Annual Tax Amount $3,619

Tax Year 2024

Lot Size 0.410 Acres

Acres 0.41

Property Sub-Type Duplex

Source ires

Property Description

Welcome to 490-492 S Owens-an exceptional investment opportunity offering both immediate cash flow and long-term development upside. This well-positioned duplex sits on an expansive 153 x 120 lot, providing a rare combination of current income and future potential in a rapidly evolving area. The property is currently configured as a duplex with strong in-place rents of $1,350 and $2,500 per month, delivering consistent income from day one. Each unit offers functional layouts with solid rental appeal, making this an ideal asset for investors looking to stabilize and hold, or reposition for increased returns. Whether you choose to lightly renovate and raise rents, or fully modernize the units to maximize value, the flexibility here is a major advantage. What truly sets this property apart is the lot size and development potential. With over 18,000 square feet of land, there is a compelling opportunity to explore subdividing the lot and constructing an additional duplex (buyer to verify with local zoning and planning authorities). This opens the door for a variety of strategies-from house hacking and expanding your portfolio, to a full-scale redevelopment project in a high-demand rental corridor. Located in a growing and increasingly desirable pocket of the metro area, this property benefits from strong rental demand, proximity to major commuter routes, and easy access to shopping, dining, and employment centers. The surrounding neighborhood continues to see revitalization and reinvestment, making this a strategic hold for appreciation as well as income. As development continues to push outward and infill opportunities become more scarce, parcels of this size with multi-unit potential are becoming harder to find. Whether you're a seasoned investor, developer, or someone looking to secure a foothold in a high-growth area, 490-492 S Owens offers a unique blend of stability, scalability, and upside. No showings until under contract.

Location

State CO

County Jefferson

Community Mountain Park

Area Metro Denver

Direction Use GPS

Rooms

Basement Partial, Unfinished

Interior

Heating Forced Air

Exterior

Parking Features Off Street

Garage Spaces 5.0

View Y/N No

Roof Type Composition

Garage Yes

Building

Sewer Public Sewer

Architectural Style Fixer-Upper

Level or Stories Tri-Level

Structure Type Other

New Construction false

Schools

Elementary Schools Belmar

Middle Schools Creighton

High Schools Jefferson Dist R-1

School District Jefferson Dist R-1

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Private Owner

Information and Real Estate Services (IRES)

Listed by Hussein Garcia

NEARBY SCHOOLS & PROPERTIES

Bob Engel

Broker/Owner | KWREA100003949

+1(303) 638-0780

GET MORE INFORMATION

QUICK SEARCH

Englewood, CO

Bob Engel

492 S Owens Lakewood, CO 80226

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

GET MORE INFORMATION

Go tour this home

492 S Owens