2540 S Kipling Street, Lakewood, CO 80227

Lakewood
Local realty services provided by:Better Homes and Gardens Real Estate Kenney & Company
2540 S Kipling Street,Lakewood, CO 80227
$989,995
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  • 4 Beds
  • 4 Baths
  • 2,522 sq. ft.
  • Multi-family
  • Active
Listed by: micki carwin
Office: denver property group
MLS#:5263034
Source:ML

Price summary

  • Price:$989,995
  • Price per sq. ft.:$392.54

About this home

House Hack on a Full Acre Collect $2,300/mo from a Tenant Already in PlaceTwo fully independent residences on one deed, one loan. Live in the main house. Cottage has a tenant in place — no lease-up period, no vacancy risk to underwrite on day one. • Current cottage rent: $2,300/month + pet rent, month-to-month • Gross annual income from cottage: $27,600+ • Well and septic on both homes — no city water/sewer utility expense, which is a real line-item difference in Colorado • Owned solar system (paid off, transfers to buyer) — reduces main house carrying cost further Why This Pencils Differently Than a Typical SFR Most single-family homes don't generate income while you live in them. This one does. Note that this isn't a fully-rented investment property with a cap rate to calculate — you're occupying the main house, so the $27,600/year from the cottage is best thought of as a direct offset to your mortgage and carrying costs, not a return on the full property value. For a buyer...

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Home facts

  • Year built:1973
  • Subdivision & Development:Carmody Hillcrest
  • Listing ID #:5263034

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4
  • Flooring:Carpet, Tile, Vinyl, Wood
  • Kitchen Description:Dishwasher, Disposal, Double Oven, Eat-in Kitchen, Microwave, Oven, Range, Range Hood, Refrigerator
  • Basement:Yes
  • Basement Description:Full
  • Living area:2,522 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air, Natural Gas, Solar, Wood Stove
  • Central air:Yes

Structure and exterior

  • Roof:Composition
  • Year built:1973
  • Building area:2,522 sq. ft.
  • Lot area:1 Acres
  • Architectural Style:Bungalow, Contemporary
  • Construction Materials:Brick, Wood Siding
  • Exterior Features:Front Porch, Patio, Private Yard, Spa/Hot Tub
  • Foundation Description:Concrete Perimeter
  • Levels:1 Story

Schools

  • High school:Bear Creek
  • Middle school:Carmody
  • Elementary school:Green Gables

Utilities

  • Water:Well
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$989,995
  • Price per sq. ft.:$392.54
  • Tax amount:$6,068 (2025)

Features and amenities

  • Laundry features:Dryer, In Unit, Washer

Parking

  • Total parking spaces:4
  • Parking description:Gravel
MLS LogoBased on information submitted to the MLS GRID as of August 14, 2026 02:22 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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