CO
Jefferson
Lakewood
80226
492 S Owens Street
492 S Owens Street, Lakewood, CO 80226
Share Listing
Listing Type
Single Family
Listing Status
Active
5
$625,000

Home Details for 492 S Owens Street

Price
$625,000
Type
Residential
Bedrooms
4
Total Bathrooms
2
Full Bathrooms
1
Square feet
2373
Year built
1966
Lot size acres
0.41
County
Jefferson
Total rooms
9
Basement
Partial, Unfinished
Days on site
89
MLS Listing#
9954886
Property Description

Welcome to 490–492 S Owens—an exceptional investment opportunity offering both immediate cash flow and long-term development upside. This well-positioned duplex sits on an expansive 153 x 120 lot, providing a rare combination of current income and future potential in a rapidly evolving area. The property is currently configured as a duplex with strong in-place rents of $1,350 and $2,500 per month, delivering consistent income from day one. Each unit offers functional layouts with solid rental appeal, making this an ideal asset for investors looking to stabilize and hold, or reposition for increased returns. Whether you choose to lightly renovate and raise rents, or fully modernize the units to maximize value, the flexibility here is a major advantage. What truly sets this property apart is the lot size and development potential. With over 18,000 square feet of land, there is a compelling opportunity to explore subdividing the lot and constructing an additional duplex (buyer to verify with local zoning and planning authorities). This opens the door for a variety of strategies—from house hacking and expanding your portfolio, to a full-scale redevelopment project in a high-demand rental corridor. Located in a growing and increasingly desirable pocket of the metro area, this property benefits from strong rental demand, proximity to major commuter routes, and easy access to shopping, dining, and employment centers. The surrounding neighborhood continues to see revitalization and reinvestment, making this a strategic hold for appreciation as well as income. As development continues to push outward and infill opportunities become more scarce, parcels of this size with multi-unit potential are becoming harder to find. Whether you’re a seasoned investor, developer, or someone looking to secure a foothold in a high-growth area, 490–492 S Owens offers a unique blend of stability, scalability, and upside. No showings until under contract.

Property Features
  • Basement
    • Partial
    • Unfinished
  • Cooling Information
    • None
  • Heating Information
    • Forced Air
School Information
School Information for 492 S Owens Street, Lakewood, CO 80226
Elementary School
Belmar
Middle School
Creighton
High School
Lakewood
Listing Courtesy: Keller Williams Realty Downtown LLC - 303-539-5700
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Market statistics compiled from data from Metrolist Inc MLS - Professional (Denver).
EXIT REALTY DTC, CHERRY CREEK, PIKES PEAK
383 Inverness Parkway Suite 140, Englewood, CO 80112
Sheryll White Broker. 303 790 7200
Office
303 790 7200
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