2540 S Kipling Street Lakewood, CO ^$ 989,995

2540 S Kipling Street

^$ 989,995

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2540 S Kipling Street

Lakewood, CO, 80227

^$ 989,995

Bedrooms4 Baths4.0 Sq 2,522

Monthly Estimate*

^$ 6,251

Listed by Denver Property Group

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Multi-Family Home for sale in Lakewood, CO

for $989,995 with 4 bedrooms and 4 full baths. This 2,522 square foot home was built in 1973 on a lot size of 1.

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 comparing this to a typical SFR purchase, the comparison that matters is: same house, minus roughly $2,300/month in housing cost, because someone else is paying it. Ask your lender how this property's existing lease applies to your specific loan program for qualifying purposes. The Main House 4BR/3BA (two bedrooms non-conforming, in a walk-out basement with its own private entrance — functionally a separate living space within the home), 200-degree mountain and city views, 5-burner gas range kitchen, owned solar, central wood stove, central AC, main-floor laundry. The Cottage 2BR/1BA, central AC, currently tenant-occupied at $2,300/mo + pet rent on a flexible month-to-month lease. Has its own white picket-fenced yard, fully separate from the main house's yard — genuine privacy and separation, not a shared backyard arrangement. MTM lease means a buyer can keep the income running indefinitely or transition the space on their own timeline. Carmody Hillcrest neighborhood, Jeffco schools

Multi-Family Active

Price

^$ 989,995

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 6,068

Style

Bungalow,Contemporary

Lot Size

Year Built

1973

Town/City

Lakewood

County/Region

Jefferson

MLS | Web ID

5263034

Features

Interior

Interior Amenities Eat-in Kitchen

Basement Full

Flooring Carpet Tile Vinyl Wood

Basement (Y/N) Y

Above Grade Finished Area 2522

Laundry Features In Unit

Total Bedrooms 4

Below Grade Finished Area 0

Total Baths 4

General

Sewer Septic Tank

Heating Forced Air Natural Gas Solar Wood Stove

Cooling Central Air

Utilities Electricity Connected Natural Gas Connected

Possession Close Plus 30 Days

Roof Composition

Appliances Dishwasher Disposal Double Oven Dryer Microwave Oven Range Range Hood Refrigerator Washer

Garage Spaces 0

Patio/Porch Features Front Porch Patio

Architectural Style Bungalow Contemporary

Construction Materials Brick Wood Siding

Exclusions Owner and Tenant personal property.

Year Built 1973

Tenant Pays Cable TV Electricity Gas Grounds Care

View City Mountain(s) Plains

Levels One

Property Subtype Duplex

Tax Year 2025

Ownership Individual

Gross Income 27600

County Jefferson

Property Type Residential Income

HOA N

Attached Garage N

Subdivision Name Carmody Hillcrest

Status Active

Directions Morrison Road and S. Kipling St go north to driveway. (Old Kipling not parkway)

High School Bear Creek

City Lakewood

Entry Location Ground

Senior Community Y/N N

High School District Jefferson County R-1

Lot Size Units Acres

Lot Size Square Feet 43560

Carport Spaces 0

Listing Terms Conventional FHA Jumbo VA Loan

Elementary School Green Gables

Tax Annual Amount 6068

Middle/Junior High School Carmody

Property Condition Updated/Remodeled

Ok to Lease Month To Month

Virtual Tour https://www.zillow.com/view-imx/b690166e-3002-46e3-a29e-ed95e4f9de6c?setAttribution=mls&wl=true&initialViewType=pano

Structure Type Duplex

Standard Status Active

Occupancy Type Tenant

Middle/Junior School District Jefferson County R-1

Elementary School District Jefferson County R-1

Leasehold Rent $/Mo 2300

Exterior

Exterior Amenities Private Yard Spa/Hot Tub

Fencing Partial

Parking Features Gravel

Water Source Well

Total Parking 4

Lot Size Area 1

Foundation Details Concrete Perimeter

Building Area Total 2522

Lot Size Acres 1

Road Responsibility Private Maintained Road

Internal Only

Street Number 1 2540

* Excluded Features

List By

Denver Property Group

Broker

(303) 551-4572

Phone

Affordability Calculator

$6,757

Per Month

Monthly Principal & Interest: $6,251
Monthly Property Taxes: $506
Monthly Home Insurance: --

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Loan Term

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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.

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Nearby

Trends
Schools

Multi-family listings in Lakewood, CO

Average List Price ^$817,072

Percent of Sale Price 17%

About Lakewood, CO

152,484 Population

6% Since 2002

^$60,521 Median Income

40.2 Median Age

23% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1956275 Elementary School

1955817 Middle School

Bear Creek High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/11/2026	$989,995	-5.62%	Price Down
7/17/2026	$1,049,000	-8.70%	Price Down
7/8/2026	$1,149,000	-2.13%	Price Down
6/20/2026	$1,174,000	-2.17%	Price Down
6/18/2026	$1,199,999		Listed Price

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2540 S Kipling Street, Lakewood, CO, 80227 is a Multi-Family Home for sale at $989,995 with 2,522 sqft and a lot size of 1. 2540 S Kipling Street has 4 bedrooms, 4.0 baths, and was built in 1973. The property's zip code is 80227 which is in Lakewood, CO

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

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The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 8/11/2026.

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2540 S Kipling Street

Multi-Family Home for sale in Lakewood, CO

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