4580 & 4582

W Alameda Ave

Denver CO 80219

MLS # 2470793 & 7665530

$390,000 (each)

 

Exceptional investment or owner-occupant opportunity with two well-maintained 4-bedroom, 2-bath townhomes located at 4580 and 4582 W Alameda Ave in a common-wall development. Each unit mirrors the other in layout and design, offering flexibility for various occupancy or portfolio strategies — live in one and lease the other, or maintain both as strong cash-flowing rentals.

Both properties feature upper-level living areas with vaulted ceilings, one bedroom, and a full bathroom, while the lower level includes three additional bedrooms, a second full bathroom, and walkout access to W Alameda Ave from one of the bedrooms. Each unit also enjoys a private entrance via W Nevada Pl and two assigned parking spaces within the community lot.

Month to Month tenants occupy each unit. Minor cosmetic updates could further enhance rental value and long-term appreciation.

These properties are listed separately but may be purchased together for a rare opportunity to own side-by-side units in a well-located Denver community — ideal for investors seeking portfolio growth or owner-occupants wanting built-in rental income.

  • Proeprty Details for Each Unit

    • 4 bed / 2 bath

    • Building Area Total (SqFt Total): 1,480

      Above Grade Finished Area: 1,480

    • Built 2005

    • Forced Heat

    • No Central AC

    • Water Boilers

      • New 2025

    • Two Parking spots

    • No HOA

  • 4580

    Cap Rate 6.23

    Gross Income : $30,000

    Operating Expenses : $5,700

    Rent $2,500

    4582

    Cap Rate 6.08

    Gross Income : $30,000

    Operating Expenses : $5,676

    Rent $2,450

  • Imagine owning a home that helps pay for itself. With this property, you can live in one unit and rent out the other, instantly turning your home into an income-generating asset.

    The neighboring unit rents for approximately $2,500 per month — that’s $30,000 annually. Lenders typically allow you to use 75% of that rental income to help you qualify for a larger loan.

    That means $1,875 per month, or $22,500 per year, can be added to your qualifying income — giving you more purchasing power and flexibility when financing your home.

    House hacking allows you to:

    Offset a large portion of your mortgage payment.

    Qualify for a higher loan amount based on projected rent.

    Start building long-term equity while keeping monthly costs low.

    Live in one side and let your tenant help pay down your loan.

    It’s the perfect bridge between homeownership and investing — live comfortably today, and watch your wealth grow tomorrow.

Due Dilligence
Video
Empty kitchen with wooden cabinets, white refrigerator, black stove, and beige tile floor.
Empty kitchen and living area with white walls, wood flooring, a white refrigerator, and black stove. Kitchen has wooden cabinets and a beige tiled floor section.
Empty room with light gray walls, wooden flooring, and multiple white closet doors, one of which is partially open, revealing a passage to another room.
Empty room with hardwood floors, white walls, and two windows with blinds, one shelf with small items, a potted plant, and a white door.
Empty room with two windows, white walls, hardwood floor, and ceiling light fixture.
Empty room with a window covered by closed blinds, beige walls, hardwood floor, and white baseboards.
Bathroom with beige tiled floor, white bathtub with grab bar, white walls, and a toilet next to the bathtub, shown through an open door.
Bathroom with toilet and wooden vanity with beige countertop, mirror, and wall-mounted towel rings.
Interior of a hallway with white walls, wooden flooring, and multiple doors on each side, illuminated by ceiling lights.
Narrow entryway with white walls, ceiling light fixture, white door at the end, tiled floor area just inside the door, and wood flooring leading up to it.
Empty room with hardwood floors, white walls, a small closet with sliding doors, and an open door leading to another room.
Empty room with light-colored walls, wooden flooring, a closed closet with sliding doors, and a closed standard door.
Empty room with white walls, a window with closed blinds, and wooden flooring.
Empty room with white walls, hardwood floors, closet with sliding doors, and a door leading to another room.
Empty room with wood flooring, plain white walls, a window with blinds, and a ceiling light.
A small bathroom with a bathtub, toilet, and wooden vanity with a sink. A large mirror is above the vanity, and a row of lights is above the mirror. The walls have beige tiles in the shower area and are painted white elsewhere. The floor is tiled wit