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Bill Hubbell

bill.hubbell@engelvoelkers.com +1(720) 689-1294

$ 1,125,000

Est. payment -/mo

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Price Dropped by $25K

1621 Salvia ST Golden, CO 80226

8 Beds

4 Baths

3,394 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,394 sqft

Price per Sqft $331

Subdivision Rockridge

MLS Listing ID 8359411

Style Traditional

Bedrooms 8

Full Baths 3

Three Quarter Bath 1

HOA Y/N No

Abv Grd Liv Area 2,365

Year Built 1962

Annual Tax Amount $2,385

Tax Year 2024

Lot Size 8,189 Sqft

Acres 0.19

Property Sub-Type Single Family Residence

Source recolorado

Property Description

Rare opportunity to own a well-located triplex in Golden, offering exceptional flexibility for an owner-occupant or long-term investor. Live in one unit and have the other's contribute to the mortgage. Most current rents were bringing in $6590/month Situated in a highly desirable, supply-constrained neighborhood, this property benefits from consistent rental demand driven by proximity to the Colorado School of Mines, Downtown Golden, NREL, and trail access directly across the street. The property features a versatile unit mix with strong in-place rents. Unit 2 includes hardwood floors, a dedicated office space with a separate entrance, making it especially appealing for an owner-occupant seeking work-from-home functionality, or private practice while generating income from the additional units. The remaining units offer stable tenancy and continued upside in one of Golden's strongest rental corridors. Two Units have private yards, and the exterior landscaping has been professionally xeriscaped for low maintenance. With current rents, the property underwrites to an approximate mid-5% cap rate, offering attractive in-place performance in one of Golden's most competitive multifamily markets. An adjacent triplex at 1617 Salvia Street is also available, presenting a rare opportunity to acquire one or both properties for expanded scale, portfolio growth, or long-term hold in a location where multifamily opportunities are extremely limited. Enjoy immediate access to outdoor recreation, quick connectivity to downtown amenities, and a location that continues to attract students, professionals, and long-term residents alike. Properties of this type are rarely available in Golden and present a compelling opportunity to combine lifestyle, income, and long-term appreciation. Do not disturb tenants. Showings by appointment only. Contact listing broker for additional details.

Location

State CO

County Jefferson

Rooms

Basement Partial, Walk-Out Access

Main Level Bedrooms 6

Interior

Interior Features Open Floorplan

Heating Forced Air

Cooling Air Conditioning-Room, Attic Fan

Flooring Carpet, Vinyl, Wood

Fireplaces Number 2

Fireplaces Type Basement, Family Room

Fireplace Y

Appliance Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer

Laundry In Unit

Exterior

Exterior Feature Private Yard

Parking Features Concrete

Fence Partial

Utilities Available Electricity Connected, Natural Gas Connected, Phone Available

View Mountain(s)

Roof Type Composition

Total Parking Spaces 7

Garage No

Building

Sewer Public Sewer

Level or Stories One

Structure Type Frame

Schools

Elementary Schools Shelton

Middle Schools Creighton

High Schools Golden

School District Jefferson County R-1

Others

Senior Community No

Ownership Individual

Acceptable Financing 1031 Exchange, Cash, Conventional, VA Loan

Listing Terms 1031 Exchange, Cash, Conventional, VA Loan

Special Listing Condition None

Listed by McClure and Associates

NEARBY SCHOOLS & PROPERTIES

Bill Hubbell

Advisor | License ID: 012762

+1(720) 689-1294

Bill Hubbell

1621 Salvia ST Golden, CO 80226

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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1621 Salvia ST