USACOLakewoodMountain Park492 S Owens St

$625,000

For Sale

10 days ago

492 S Owens St, Lakewood, CO

Name: 492 S Owens St, For Sale in Lakewood - eXp Realty
Brand: Keller Williams Realty Downtown LLC
SKU: 9954886
Price: 625000 USD

House

MLS® 9954886

4 Bed

2 Bath

2373 sqft

5 Parking

Key Facts
Description
Rooms
Map

Key Facts

Type Duplex

Levels Residential

Size 2373 sqft

Garage Yes

Taxes $3,619

Days Active 10

Lot Size

Approx. Age 1966

Avg. Price Per Sqft $263

MLS® Number 9954886

Property Address: 492 S Owens St, Lakewood, CO, 80226

Average square foot calculated using Size range provided by listing agent.

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.

MLS® Number9954886

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age1966

BasementPartial, Unfinished

DrivewayOff Street

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Apr 14, 2026List Date

$625,000List Price

Home Appraisal

This property is estimated to sell between: $588,000 and $644,000.

Similar properties in this area sold on average for: $588,777

Expected to sell in 39 days. Similar properties sold in 49 days. This home has been on eXp Realty for 10 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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Destination Address

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