$649,500
$151K PRICE DROP

2229 S Bannock St Unit 2231 Denver, CO 80223

Overland Neighborhood

Estimated payment $3,971/month

Total Views 35,890
4 Beds
2 Baths
1,451 Sq Ft
$448 Price per Sq Ft

Highlights

  • Traditional Architecture
  • 5-minute walk to Evans
  • No HOA
  • Asbury Elementary School Rated A-
  • Wood Flooring
  • 1-Story Property

About This Home

Discover a rare investment opportunity with this side-by-side full duplex in one of Denver’s most sought-after neighborhoods. Each unit features 2 bedrooms and 1 bathroom, with the front unit currently rented for $2,300 per month and the back unit also generating $2,300 in monthly rent. A shared two-car detached garage provides added convenience for tenants. Situated close to the vibrant retail and dining options of South Broadway, this property offers excellent long-term potential. Whether you're looking for strong cash flow, a live-in investment opportunity, or a property with redevelopment potential, this duplex checks all the boxes. With its prime location and sizable lot, there’s even the possibility to build a new duplex in the future and sell each side for significant profit. Don’t miss out on this versatile and high-performing investment! This home qualifies for the community reinvestment act providing 1.75% of the loan amount as a credit towards buyer’s closing costs, pre-paids and discount points. Contact listing agent for more details

Last Listed By

Leo Rowen

RE/MAX of Cherry Creek Brokerage Email: leo@rowenrealty.com,303-521-0360 License #40026894 Listed on: 01/02/2025

RE/MAX of Cherry Creek

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,115

Year Built

  • Built in 1955

Lot Details

  • 6,250 Sq Ft Lot
  • 1 Common Wall
  • East Facing Home
  • Level Lot

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Traditional Architecture
  • Composition Roof

Interior Spaces

  • 1,451 Sq Ft Home
  • 1-Story Property
  • Wood Flooring

Kitchen

  • Convection Oven
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Washer

Schools

  • Asbury Elementary School
  • Grant Middle School
  • South High School

Utilities

  • No Cooling
  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Rosedale Subdivision

Listing and Financial Details

  • Exclusions: tenant property
  • Property held in a trust
  • Assessor Parcel Number 5272-20-027

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,115

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Architectural Style: Traditional
  • Structure Type: Duplex
  • Levels: One
  • Year Built: 1955
  • Above Grade Finished Sq Ft: 1451
  • Exclusions: tenant property
  • Living Area: 1451
  • SubdivisionName: Rosedale
  • Ownership: Corporation/Trust
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: PublicRecords
  • REC_RVSpaces: 0
  • Attribution Contact: leo@rowenrealty.com,303-521-0360
  • Special Features: None

Interior Features

  • Appliances: Convection Oven, Dishwasher, Range, Refrigerator, Washer
  • Flooring: Wood
  • Common Walls: 1 Common Wall
  • Basement: No
  • Total Bedrooms: 4

Exterior Features

  • Direction Faces: East
  • Roof: Composition
  • Construction Materials: Other

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2
  • Total Parking Spaces: 2
  • REC_ParkingCount: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Forced Air
  • Water Source: Public
  • Laundry Features: In Unit

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 0.00
  • REC_AssociationFeeTotalAnnual: 0.00

Schools

  • Middle Or Junior School: Grant

Lot Info

  • Parcel Number: 5272-20-027
  • Lot Size Acres: 0.14
  • Building Area Total: 1451
  • Lot Features: Level
  • Lot Size Sq Ft: 6250
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 4115

MLS Schools

  • Elementary School: Asbury
  • High School: South

Map

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,206 $53,100 $31,890 $21,210
2023 $4,115 $53,100 $31,890 $21,210
2022 $2,896 $36,410 $27,610 $8,800
2021 $2,856 $38,280 $29,030 $9,250
2020 $2,655 $35,780 $20,100 $15,680
2019 $2,580 $35,780 $20,100 $15,680
2018 $2,268 $29,320 $8,990 $20,330
2017 $2,262 $29,320 $8,990 $20,330
2016 $2,034 $24,940 $4,975 $19,965
2015 $1,948 $24,940 $4,975 $19,965
2014 $1,725 $20,770 $4,975 $15,795
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2025 05/17/25 Price Changed $649,500 -3.8% $448 / Sq Ft
04/10/2025 04/10/25 Price Changed $675,000 -3.4% $465 / Sq Ft
03/25/2025 03/25/25 Price Changed $699,000 -2.8% $482 / Sq Ft
02/25/2025 02/25/25 Price Changed $719,000 -6.6% $496 / Sq Ft
01/21/2025 01/21/25 Price Changed $770,000 -3.8% $531 / Sq Ft
01/02/2025 01/02/25 For Sale $800,000 -- $551 / Sq Ft
Source: REcolorado®

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $140,000 Unknown
Previous Owner $75,000 Unknown
Source: Public Records

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Source: REcolorado®

MLS Number: 9556251

REcolorado®

APN: 5272-20-027