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3279 S Pearl St
Englewood, CO 80113 Englewood

$940,000 USD

Multifamily Condo For Sale  •  3,154 SF

Property Details

  • Property Type Multifamily
  • Total Building Size 3,154 SF
  • Lot Size 0.21 AC
  • Year Built 1940
  • Cap Rate 4.45 %
  • Zoning R-1
30 Transit Score
60 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit A Flex 3,154 SF $940,000 USD
  • Unit Size: 3,154 SF
  • Condo Use: Flex
  • Price: $940,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $298.03 USD
Description
Broker Update: Premier "House Hack" Opportunity in Englewood!
3279 S Pearl Street, Englewood, CO 80113 List Price: $950,000 | Total SqFt: 2,848
Attention Agents! The primary unit at 3279 S Pearl St is vacating August 1st, transforming this from an exclusive investment property into the ultimate owner-occupant opportunity. Your buyers can now live in the main-level home while collecting rent from two additional units, significantly offsetting their mortgage payments!
Property Highlights:
The Main Residence (Available Aug 1st): A spacious, main-level 1-story home featuring 2 bedrooms and 1 full bathroom.
Income Unit 1 (Basement): A separate basement rental unit with 3 bedrooms, 1 bathroom, and its own private outside entrance.
Income Unit 2 (ADU): A detached ADU rental unit currently occupied by a tenant.
Parking & Space: The property includes a 2-car detached garage, 1 off-street space, and sits on a 0.21-acre lot.
Prime Location: Highly walkable area with a Walk Score of 77.
Don't let your buyers miss out on this rare chance to build equity and generate income simultaneously. Reach out today to schedule a showing!

Sale Notes
This is a residential income property, and all three units are currently occupied by tenants with leases in place. All showings require a 24-hour notice for tenants. Listing agent must be present for all showings. The listing agent's phone number is: (303) 564-7630. The property could be sold and later converted into a single-family residence after the lease period expires on August 1st, 2026, if the homeowner wants to occupy it as a primary residence.

Description

An investment property that can be utilized at a later date as a personal residence once the current lease agreements have expired or been terminated. This property is an up-and-down duplex, with the main-level 1-story home being a separate rental unit from the basement rental unit. The basement unit has a separate outside entrance. There is also a detached ADU rental unit that a tenant currently occupies. The owner has current leases in place for all the units, and the listing agent has all the leases available for inspection and review. The ADU has a heat and cooling unit in the window. The ADU is not currently approved for a rental unit, but a request has been submitted to the City of Englewood for approval. There is no guarantee that the City of Englewood will authorize the ADU to be a legal rental unit, and the seller does not represent that the ADU has been officially approved. All measurements are approximate and are derived from Arapahoe County Records or other sources. Listing agent must be present for all showings. There are three rental units on this property. The main level home, a lower-level rental unit, and an ADU in the back.

Property Flyers

Financial Summary

Cap Rate: 4.45 %
Total Expenses: $14,204 USD

Public Transportation

Commuter RailDriveWalkDistance
Union Station: Lodo-Coors Field-16Th Street Mall (C Line - Denver Regional Transportation District Light Rail (TheRide), E Line - Denver Regional Transportation District Light Rail (TheRide), W Line - Denver Regional Transportation District Light Rail (TheRide)) 14 min - 8.4 mi
Denver (California Zephyr - Amtrak) 14 min - 8.6 mi
AirportDriveWalkDistance
Denver International 41 min - 30.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Jeff Bernard 720-989-5895 LIV Sotheby's International Realty
Jeff Bernard 720-989-5895 LIV Sotheby's International Realty