Prime Denver Investment Opportunity: 1902 Bungalow with Major Upside.
Come experience the potential of this classic 1902 Denver bungalow positioned for serious returns. Packed with original architectural details and timeless character, this property is the perfect canvas for a high-impact renovation.
Located just steps from the vibrant restaurants, nightlife, and retail along Broadway, and minutes to Cherry Creek, Denver Country Club, and Wash Park, the after-repair value potential is supported by one of Denver’s most desirable and walkable neighborhoods.
The home features a separate entrance to a basement setup, offering strong possibilities for additional income, house-hack configuration, or expanded living space. With the right vision and execution, this property presents a compelling opportunity to maximize resale value or long-term rental returns.
Bring your contractor and your creativity, this is the kind of location and character you can’t replicate.
Sold for $585,000
$585,000
405 E 1st Avenue, Denver, CO 80203
3beds
2,154sqft
Single Family Residence
Built in 1902
3,050 Square Feet Lot
$582,100 Zestimate®
$272/sqft
$3,646 Estimated rent
Home value
$582,100
$553,000 - $617,000
$3,646/mo
Zestimate® history
Owner options
List your home for rent
$3,646/mo
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$3,646/mo
Rent Zestimate®
Refinance and save
$3,378/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$3,378/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Lauren Rowland 720-607-1725 Lauren@kenneyandcompany.com,
Better Homes & Gardens Real Estate - Kenney & Co.
Bought with:
Pamela Tomlinson, 100034248
RE/MAX of Cherry Creek
Source: REcolorado as distributed by MLS GRID,MLS#: 7094958
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Bedroom
- Level: Upper
Bedroom
- Level: Upper
Bedroom
- Level: Upper
Bathroom
- Level: Upper
Bathroom
- Level: Upper
Heating
- Forced Air
Cooling
- Central Air
Features
- Flooring: Wood
- Basement: Bath/Stubbed,Cellar,Partial
- Number of fireplaces: 1
- Fireplace features: Family Room
Interior area
- Total structure area: 2,154
- Total interior livable area: 2,154 sqft
- Finished area above ground: 1,436
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Exterior features: Garden
Lot
- Size: 3,050 Square Feet
- Features: Level
Details
- Parcel number: 510124007
- Zoning: U-TU-B2
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Materials
- Brick, Frame, Stucco
- Roof: Composition
Condition
- Fixer
- Year built: 1902
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: West Wash Park
HOA
- Has HOA: No
Location
- Region: Denver
Financial & listing details
- Price per square foot: $272/sqft
- Tax assessed value: $673,500
- Annual tax amount: $2,751
- Date on market: 2/18/2026
- Listing terms: Cash,Conventional
- Exclusions: None
- Ownership: Individual
Price history
| Date | Event | Price |
|---|---|---|
| 3/12/2026 | Sold | $585,000+1.7%$272/sqft |
Source:  REcolorado as distributed by MLS GRID #7094958 Report a problem | ||
| 2/20/2026 | Pending sale | $575,000$267/sqft |
Source: REcolorado as distributed by MLS GRID #7094958 Report a problem | ||
| 2/18/2026 | Listed for sale | $575,000$267/sqft |
Source: REcolorado as distributed by MLS GRID #7094958 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,211 +7.6% | $41,440 -7% |
| 2023 | $2,983 +3.6% | $44,550 +18.8% |
| 2022 | $2,880 +23.4% | $37,510 -2.8% |
| 2021 | $2,333 +2.9% | $38,590 0% |
| 2020 | $2,268 +11% | $38,602 -0.7% |
| 2019 | $2,043 | $38,873 +15.7% |
| 2018 | $2,043 +0.3% | $33,610 |
| 2017 | $2,037 +17.7% | $33,610 +11.6% |
| 2016 | $1,731 +30.9% | $30,110 |
| 2015 | $1,322 0% | $30,110 +26.1% |
| 2014 | $1,323 -16.5% | $23,880 |
| 2013 | $1,584 -17.1% | $23,880 -10.9% |
| 2012 | $1,911 +22.5% | $26,800 |
| 2011 | $1,560 +2.2% | $26,800 +14.4% |
| 2010 | $1,526 -6.6% | $23,420 |
| 2009 | $1,634 -0.2% | $23,420 -4.3% |
| 2008 | $1,636 +7.2% | $24,460 |
| 2007 | $1,526 +1.1% | $24,460 +7.3% |
| 2006 | $1,509 +7.6% | $22,800 |
| 2005 | $1,403 +15.2% | $22,800 +1.8% |
| 2003 | $1,218 +1.9% | $22,390 +10% |
| 2002 | $1,195 | $20,350 +29.6% |
| 2001 | -- | $15,700 |
Find assessor info on the county website
Neighborhood: Speer
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Nearby schools
GreatSchools rating
- 4/10Dora Moore ECE - 8th Grade SchoolGrades: PK-8Distance: 0.9 mi
- 7/10South High SchoolGrades: 9-12Distance: 2 mi
- 6/10Grant Middle SchoolGrades: 6-8Distance: 2.3 mi
Schools provided by the listing agent
- Elementary: Dora Moore
- Middle: Grant
- High: South
- District: Denver 1
Source: REcolorado as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$582,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$582,100
- Colorado
- Denver County
- Denver
- 80203
- Speer
- 405 E 1st Avenue
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