2540 S Kipling St, Lakewood, CO 80227
Local realty services provided by:CENTURY 21 Cornerstone
Listed by: micki carwin
Office: denver property group303-997-9098
MLS#:9483994
Source:IRES
Price summary
- Price:$989,995
- Price per sq. ft.:$215.5
About this home
Two Homes, One Loan, One Tenant Already Paying - A Rare Setup for Multigenerational Living or Built-In Rental Income Most buyers in this price range are choosing between a bigger house or a rental property. This listing is 1 deed, 1 loan, and two separate, fully independent homes on a full acre in Lakewood's Carmody Hillcrest neighborhood. The main house is yours to live in. Cottage tenant is $2,300/month + pet rent - month-to-month lease - income that starts the day you close. This is the property for a buyer who wants to bring a parent close, house an adult child without losing privacy, or simply have the mortgage subsidized by a tenant who's already there. The cottage's picket-fenced yard, separate from the main house fenced yard for privacy - two distinct outdoor spaces. A low-maintenance income setup - separate utilities, no shared walls, and well/septic systems = no water utility costs, which matters in Colorado. The Main House Open-concept living built to take advantage of the 200-degree mountain and city views. Chef's kitchen - five-burner gas range, generous storage. Primary suite includes a walk-in closet; the main bath has a deep soaking tub. A central wood stove keeps heating costs down, and owned solar panels (paid in full, transferring to the new owner) do the same. Main-floor laundry. Two walkout patio doors lead to a west-facing deck for sunset views over the foothills. Spacious walk-out basement, living space, 2 non-conforming bedrooms, with its own private entrance - almost like a third living space within the main house. Perfect for a multigenerational buyer or House Hack Investor. The Cottage A genuinely separate 2-bedroom, 1-bath home. A full acre, corner lot, with the main house yard separately fenced from the cottage's picket-fenced yard, plus a fire pit, garden space, and a hot tub. Far enough from the city to feel private, close enough that downtown Denver is under 20 minutes away. Seller holds an inactive Colorado Real Estate License...
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Home facts
- Year built:1973
- Subdivision & Development:Carmody Hillcrest
- Listing ID #:9483994
- Added:152 day(s) ago
- Updated:August 20, 2026 at 09:58 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
- Full bathrooms:2
- Kitchen Description:Dishwasher, Disposal, Refrigerator
- Basement Description:Full, Walk-Out Access
- Living area:4,594 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s), Central Air
- Heating:Electronic Air Filter, Hot Water, Wood Stove
Structure and exterior
- Roof:Composition
- Year built:1973
- Building area:4,594 sq. ft.
- Lot area:1 Acres
- Lot Features:Corner Lot, Gutters, House Faces North, Outbuildings
- Architectural Style:Contemporary, Cottage
- Construction Materials:Brick, Concrete
- Exterior Features:Balcony, Deck, Patio
- Levels:One
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.:$215.5
- Tax amount:$6,475
Features and amenities
- Appliances:Dishwasher, Disposal, Dryer, Fire Alarm, Refrigerator
- Laundry features:Dryer
Parking
- Garage spaces:4
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