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Sold for $620,200
  • $620,200

    5475 Primrose Lane, Denver, CO 80221

    5beds
    3baths
    2,192sqft
    Duplex
    Built in 1952
    -- sqft lot
    $597,200 Zestimate®
    $283/sqft
    $2,333 Estimated rent

    Home value

    $597,200

    $555,000 - $639,000

    $2,333/mo

    Zestimate® history
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    $2,333/mo

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    $2,948/mo

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    $2,948/mo

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    What's special

    QUALIFIES FOR DSCR AND AIRBNB LOAN! Welcome to this CASH FLOW up-down duplex! This property features 2 units, ensuring a steady cash flow from day one. Whether you're an investor or looking to start a new venture, the possibilities are endless. Recent upgrades in the above unit have enhanced the property's value, and there's still room for further improvement, allowing you to maximize your return on investment. With convenient access to DIA, Regis College, public transportation, it's perfectly positioned for tenants and future growth. The upstairs unit boasts modern elegance with this fully remodeled 3 bedroom, 2 bathroom that perfectly blends style and functionality. The open-concept living space boasts new flooring, fresh paint, and abundant natural light. A sleek, upgraded kitchen features quartz countertops, stainless steel appliances, custom cabinetry, making it a chef’s dream. The convenient washer/dryer, direct access to the 2 car garage, is an ideal setup for a buyer looking to live comfortably while generating income by renting out the basement unit. The basement unit offers immediate income potential with reliable tenants already in place until May 2025. Providing an excellent opportunity for a long-term rental income. The basement unit remains in its original condition, as its consistent occupancy has made access challenging. Out of respect for the tenants and their comfort, updates have been deferred, providing an excellent opportunity for the next owner to add their personal touch when the timing is right. The backyard is a blank canvas brimming with potential. BONUS-This spacious lot provides potential for expansion/development, making it ideal for future projects. With current zoning, there’s even the possibility of splitting the lot to maximize its potential! Don’t miss out on this rare opportunity to own a property with built-in revenue streams and long-term growth potential! PLEASE DO NOT GO IN THE BACKYARD OR DISTURB THE BASEMENT TENANTS

    Zillow last checked:

    Listing updated:

    Listed by:

    Virginia Sellars 720-468-8276 virginia@keyrenterdenver.com,

    Keyrenter Property Management Denver

    Bought with:

    Lindsey Niles, 100089603

    West and Main Homes Inc

    Source: REcolorado as distributed by MLS GRID,MLS#: 6549159MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    Heating
    • Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Disposal, Dryer, Microwave, Oven, Refrigerator, Washer
    • Laundry: In Unit
    Features
    • Flooring: Carpet, Vinyl
    • Basement: Finished
    • Common walls with other units/homes: No One Above
    Interior area
    • Total structure area: 2,192
    • Total interior livable area: 2,192 sqft
    • Finished area above ground: 1,096
    • Finished area below ground: 900

    Property

    Parking
    • Total spaces: 2
    • Parking features: Concrete
    • Attached garage spaces: 2
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Front Porch
    • Exterior features: Lighting, Private Yard
    • Fencing: Partial
    Lot
    • Size: 0.36 Acres
    • Features: Many Trees, Near Public Transit
    Details
    • Parcel number: R0104687
    • Zoning: R-2
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex
    • Attached to another structure: Yes
    Materials
    • Frame
    • Roof: Composition
    Condition
    • Year built: 1952

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Security
    • Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
    Location
    • Region: Denver
    • Subdivision: Chaffee Park

    Other

    Other facts
    • Listing terms: 1031 Exchange,Cash,Conventional,FHA,VA Loan
    • Ownership: Individual

    Price history

    DateEventPrice
    5/1/2025Sold$620,200-2.3%$283/sqft
    Source: REcolorado as distributed by MLS GRID #6549159 Report a problem
    3/26/2025Pending sale$635,000$290/sqft
    Source: REcolorado as distributed by MLS GRID #6549159 Report a problem
    3/21/2025Price change$635,000-3.6%$290/sqft
    Source: REcolorado as distributed by MLS GRID #6549159 Report a problem
    2/28/2025Listed for sale$659,000$301/sqft
    Source: REcolorado as distributed by MLS GRID #6549159 Report a problem
    2/26/2025Pending sale$659,000$301/sqft
    Source: REcolorado as distributed by MLS GRID #6549159 Report a problem
    2/14/2025Listed for sale$659,000+16.6%$301/sqft
    Source: REcolorado as distributed by MLS GRID #6549159 Report a problem
    10/13/2020Listing removed$565,000$258/sqft
    Source: Nexus Commercial Realty Llc #7448127 Report a problem
    9/16/2020Price change$565,000-2.6%$258/sqft
    Source: Nexus Commercial Realty Llc #7448127 Report a problem
    8/31/2020Listed for sale$580,000$265/sqft
    Source: Nexus Commercial Realty Llc #7448127 Report a problem
    8/21/2020Pending sale$580,000$265/sqft
    Source: Nexus Commercial Realty Llc #7448127 Report a problem
    8/4/2020Price change$580,000-2.5%$265/sqft
    Source: Nexus Commercial Realty Llc #7448127 Report a problem
    6/23/2020Listing removed$2,100$1/sqft
    Source: Morton Properties of Denver LLC Report a problem
    6/8/2020Listed for rent$2,100$1/sqft
    Source: Morton Properties of Denver LLC Report a problem
    6/2/2020Listed for sale$595,000+80.6%$271/sqft
    Source: Nexus Commercial Realty Llc #7448127 Report a problem
    9/4/2019Listing removed$2,100$1/sqft
    Source: Morton Properties of Denver LLC Report a problem
    6/13/2019Listed for rent$2,100+5%$1/sqft
    Source: Morton Properties of Denver LLC Report a problem
    1/12/2019Listing removed$2,000$1/sqft
    Source: Morton Properties of Denver LLC Report a problem
    11/20/2018Listed for rent$2,000+2.6%$1/sqft
    Source: Morton Properties of Denver LLC Report a problem
    12/6/2017Listing removed$1,950$1/sqft
    Source: Tangible Property Solutions Report a problem
    11/3/2017Price change$1,950-7.1%$1/sqft
    Source: Tangible Property Solutions Report a problem
    10/13/2017Price change$2,100+16.7%$1/sqft
    Source: Tangible Property Solutions Report a problem
    9/19/2017Price change$1,800-18.2%$1/sqft
    Source: Tangible Property Solutions Report a problem
    8/11/2017Listed for rent$2,200$1/sqft
    Source: Tangible Property Solutions LLC Report a problem
    6/27/2017Sold$329,500-1.5%$150/sqft
    Source: Public Record Report a problem
    5/4/2017Listed for sale$334,500$153/sqft
    Source: RE/MAX ALLIANCE #4496661 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,936 +2.8%$31,880 -14%
    2024$3,828 +2.7%$37,070
    2023$3,729 -2.5%$37,070 +21.4%
    2022$3,823 $30,530 -2.8%
    2021-- $31,410 +21.1%
    2020$3,167 $25,940 -0.2%
    2019$3,167 +21%$26,000 +22.5%
    2018$2,616 $21,220
    2017$2,616 $21,220 +65.7%
    2016-- $12,810
    2015$1,458 $12,810 +2.9%
    2014-- $12,450
    2013-- $12,450 +3.1%
    2012-- $12,080
    2011-- $12,080 -6.5%
    2010-- $12,920
    2009-- $12,920 -4.9%
    2008-- $13,590
    2007-- $13,590 -2.7%
    2006-- $13,970
    2005-- $13,970 +11%
    2004-- $12,590
    2003$1,210 +26%$12,590 +5.3%
    2002$960 +14.2%$11,960 +24.7%
    2001$841 $9,590
    2000-- $9,590

    Find assessor info on the county website

    Neighborhood: Berkley

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Hodgkins
    • Middle: Josephine Hodgkins Leadership Academy
    • High: Westminster
    • District: Westminster Public Schools

    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
    $597,200
    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
    $597,200