Welcome to an exceptional opportunity in one of Denver's most sought-after neighborhoods! This 1939 home on a generous .14-acre lot is perfectly positioned for investors looking to capitalize on Cherry Creek's lucrative real estate market. The property offers the unique advantage of immediate rental income while you finalize your plans to build. The extensively updated home is fully habitable and ready to generate cash flow right away. Recent upgrades include a modern kitchen with quartz countertops and stainless steel appliances, renovated bathrooms, copper and PEX plumbing, an updated electrical panel with most wiring replaced, a new furnace and A/C (2024) with Nest management, a replaced sewer line, updated internal gas lines, and a front and back sprinkler system with app control. The spacious lot, alley access, and existing two-car detached garage create a perfect canvas for a lucrative townhouse project or custom dream home. Whether you choose to rent now or break ground on a new build, the property offers flexibility and exceptional upside. This is more than just a home; it's a strategic investment in a premier Denver location. Don't miss your chance to secure a property that offers both immediate return and significant future value.
Offered By
Michael Turner michael.turner@redfin.com,720-300-0889, Redfin Corporation
Utility FeaturesNatural Gas Available, Electricity Available, Cable Available
SEWERCity Sewer, Public Sewer
WATER SOURCECity Water
Year Built1939
BasementPartially Finished
FINISHED BASEMENT SIZE590.0
ARCHITECTURAL STYLERanch
RoofComposition
FencePartial
Lot FeaturesGutters, Lawn Sprinkler System
Garage spaces2
Other StructuresOutbuildings
CITYDenver
SUBDIVISIONCherry Creek
COUNTYDenver
AREAMetro Denver
STATECO
SENIOR COMMUNITYNo
TAX AMOUNT6133.0
LATEST UPDATE2025-09-28T14:40:28.141Z
DAYS ON MARKET103
PRICE CHANGE(S)
$1,055,000 Jun 18, 2025
$1,030,000 Jul 14, 2025
$998,000 Jul 21, 2025
$970,000 Sep 8, 2025
$900,000 Sep 22, 2025
CUMULATIVE DAYS ON MARKET103
Market Trends
New Properties On Market
58
190%
Increase In New Listings
Average Asking Price
$1,286,991
$42,316 Increase In Avg Asking Price
Average Asking Price / Sq. Ft.
$511
$32 Increase In List Price/Sq. Ft.
Average Days On Market
18
26 Day
Decrease In Days On Market
Data as of Oct 09, 2025.
Remaining statistics above are calculated on activity within the period from Aug 01, 2025 to Sep 30, 2025.
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