492 S Owens Street
Lakewood, CO, 80226 $ 625,000
Bedrooms4 Baths2.0 Sq 2,373 Monthly Estimate*
$ 3,848
Listed by Keller Williams Realty Downtown LLC
for $625,000 with 4 bedrooms and 2 full baths. This 2,373 square foot home was built in 1966 on a lot size of 0.41.
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.
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FeaturesGeneralSewer Public Sewer
Heating Forced Air
Cooling None
Roof Composition
Garage Spaces 0
Construction Materials Other
Exclusions N/A
Year Built 1966
Levels Tri-Level
Property Subtype Single Family Residence
Tax Year 2024
Ownership Individual
County Jefferson
Property Type Residential
HOA N
Attached Garage N
Subdivision Name Mountain Park
Full Baths 1
Status Active
Directions Use GPS
High School Lakewood
City Lakewood
Senior Community Y/N N
High School District Jefferson County R-1
Lot Size Units Square Feet
Lot Size Square Feet 17990
Carport Spaces 0
Listing Terms Cash Conventional
Elementary School Belmar
Tax Annual Amount 3619
Middle/Junior High School Creighton
Property Condition Fixer
Structure Type Duplex
Standard Status Active
Occupancy Type Owner
Middle/Junior School District Jefferson County R-1
Elementary School District Jefferson County R-1
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InteriorBasement Partial Unfinished
Common Walls End Unit 1 Common Wall
Basement (Y/N) Y
Above Grade Finished Area 1853
Half Baths 0
1/4 Baths 0
3/4 Baths 1
Total Bedrooms 4
Below Grade Finished Area 520
Main Level Bedrooms 4
Main Level Bathrooms 2
Total Baths 2
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ExteriorTotal Parking 5
Lot Size Area 17990
Building Area Total 2373
Lot Size Acres 0.41
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* Excluded FeaturesList ByKeller Williams Realty Downtown LlcBroker
Affordability Calculator
- Monthly Principal & Interest
- $3,848
- Monthly Property Taxes
- $302
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Lakewood, CO
Average List Price $798,937
Percent of Sale Price 28%
About Lakewood, CO 152,484 Population
6% Since 2002
$ 60,521 Median Income
40.2 Median Age
23% Households with Children
Trends Information provided by ATTOM Data Solutions.
1955875 Elementary School
1955822 Middle School
Lakewood High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/14/2026 | $625,000 | | Listed Price |