711 S Lipan StreetDenver, CO 80223
Athmar Park 3 · Denver County
Description
Important information! This home is currently tenant occupied. Showings require 48 hour lead time and there is 60 day PCOA. Inquire for more information. Welcome to your ideal Athmar Park home! This 3-bedroom, 2-bath ranch-style residence offers curb appeal on a generous 6,400 sq ft lot. With original hardwood floors and a functional layout, the home combines classic character with modern potential. The highlight is the expansive, level backyard—perfect for entertaining, gardening, adding an ADU, or simply enjoying the mature trees and outdoor space. Located in the heart of Athmar Park, one of Denver’s most beloved and historic neighborhoods, this home offers quick access to Federal Blvd, Santa Fe Drive, I-25, and downtown Denver. Enjoy being steps away from local parks including Aspgren, Huston Lake, Vanderbilt, and Habitat Park. Whether you're commuting or exploring the city, this location is unbeatable. Solidly built and full of opportunity, 711 S Lipan St is move-in ready with room to personalize, making it a rare find in both value and location. Don’t miss your chance to call this vibrant neighborhood home! This property at 711 S Lipan St also functions as a strong-performing investment asset in Denver’s thriving rental market. Currently leased at approximately $2,800 per month, it benefits from the high demand for 3-bedroom homes in the Athmar Park area (Rental rates range from $2,600-$3,300 in this area. With $33,600 in annual rental income and a purchase price of \$430,000, the property yields a gross cap rate of approximately 7.8%—a compelling return compared to the typical 4–5% rates in surrounding neighborhoods. Year over year, it has demonstrated consistent rental performance, making it not only a welcoming primary residence but also a savvy, income-generating opportunity for investors.
Property Information
- Property type
- Residential
- Sub-type
- Single Family Residence
- Structure type
- House
- Year built
- 1956
- Living area
- 1,083 Sq Ft
- Lot size
- 0.15 acres
- Parking spaces
- 2
- Ownership
- Individual
- Zoning
- E-SU-DX
- Days on market
- 44
- MLS® Listing#
- 5226187
Property Features
- Exterior
- Garden · Private Yard
- Appliances
- Dishwasher · Disposal · Oven · Range · Refrigerator
- Cooling
- None
- Heating
- Forced Air
- Flooring
- Vinyl · Wood
- Parking
- Unpaved · Gravel
- Patio
- Covered · Patio
- Fencing
- Fenced · Full
- Lot features
- Level
- Construction
- Wood Siding
- Roof
- Composition
- Security
- Carbon Monoxide Detector(s) · Smoke Detector(s)
- Sewer
- Public Sewer
- Water source
- Public
Rooms
Main
- Bathroom Full
- Bedroom
- Kitchen
- Living Room
Schools
- Elementary
- Goldrick
- Middle
- Grant
- High
- Abraham Lincoln
Financial Details
- HOA
- None
- Annual taxes
- $1,971Tax year 2024
- Parcel number
- 5164-04-017
Listing Courtesy: Real Broker, LLC DBA Real - nikolinaj21@icloud.com,720-496-6821
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PUBLISHER'S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.
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PUBLISHER'S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.METROLIST, INC. will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.
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