1621 Salvia Street

Description

Rare opportunity to own a well-located triplex in Golden, offering exceptional flexibility for an owner-occupant or long-term investor. Live in one unit and have the other's contribute to the mortgage. Most current rents were bringing in $6140/month Situated in a highly desirable, supply-constrained neighborhood, this property benefits from consistent rental demand driven by proximity to the Colorado School of Mines, Downtown Golden, NREL, and trail access directly across the street. The property features a versatile unit mix with strong in-place rents. (Unit 1- $1695/m - Unit 2 $3050/m - Unit 3 $1395/m) Unit 2 includes hardwood floors, a dedicated office space with a separate entrance, making it especially appealing for an owner-occupant seeking work-from-home functionality, or private practice while generating income from the additional units. The remaining units offer stable tenancy and continued upside in one of Golden’s strongest rental corridors. Two Units have private yards, and the exterior landscaping has been professionally xeriscaped for low maintenance. With current rents, the property underwrites to an approximate mid-5% cap rate, offering attractive in-place performance in one of Golden’s most competitive multifamily markets. An adjacent triplex at 1617 Salvia Street is also available, presenting a rare opportunity to acquire one or both properties for expanded scale, portfolio growth, or long-term hold in a location where multifamily opportunities are extremely limited. Enjoy immediate access to outdoor recreation, quick connectivity to downtown amenities, and a location that continues to attract students, professionals, and long-term residents alike. Properties of this type are rarely available in Golden and present a compelling opportunity to combine lifestyle, income, and long-term appreciation. Do not disturb tenants. Showings by appointment only. Contact listing broker for additional details.