Income-Generating Property: Two Separate Units, One Updated Home in Elyria-Swansea
This thoughtfully updated 3-bed, 2-bath home offers a rare chance to own a fully self-contained dual-unit property in a vibrant and evolving Denver neighborhood. With a separate entrance, full kitchen, and laundry on each level, the lower unit functions perfectly as a mother-in-law suite or ADU—ideal for extra rental income, multi-generational living, or buying a home with a best friend and built-in neighbor.
Upgrades from 2023–2025 include a new hot water heater, energy-efficient mini-splits, modern appliances, fresh paint, updated electrical panel, and remodeled kitchen and baths. The basement unit also features a conforming bedroom with egress window and sleek finishes throughout. The fully-fenced yard, 3+ off-street parking spaces, and gated alley access for a car, camper, or boat make this home as functional as it is flexible.
Zoned E-TU-B and set on a generous lot, there’s room to add a garage or expand. Previous rent for each fully furnished unit was $1,800/month including utilities. AirDNA estimates over $44K in short-term revenue potential for the basement alone.
Directly across from Swansea Elementary and less than 15 minutes from everything: downtown (12 min), RiNo (3), Mission Ballroom (5), Coors Field (9), Zoo and City Park (10), and Ball Arena (10). Walk to Swansea Park, Central 70 Cover Park, or the library and rec centers just minutes away. Residents receive 90% off Denver rec memberships. One block from I-70’s underground tunnel (surprisingly quiet), with light rail (40th & Colorado) just 7 minutes away and a bus stop right outside your door.
Live in one unit, rent the other to supplement your mortgage—or maximize cash flow by leasing both. Opportunity meets lifestyle in this dynamic, transit-connected Denver gem.
For sale
$579,000
2441 E 47th Avenue, Denver, CO 80216
3beds
1,550sqft
Est.:
Single Family Residence
Built in 1947
6,000 Square Feet Lot
$-- Zestimate®
$374/sqft
$-- HOA
What's special
Sleek finishesModern appliancesFully-fenced yardGated alley accessGenerous lotFresh paintNew hot water heater
- 7 days
- on Zillow |
- 274 |
- 25 |
Zillow last checked: 7 hours ago
Listing updated: April 21, 2025 at 05:15am
Listed by:
Joseph Dominguez 303-591-0225 Living@LTNHomes.com,
Love Thy Neighbor
Source: REcolorado,MLS#: 5316615

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Basement
Bathroom
- Level: Main
Bathroom
- Level: Basement
Heating
- Forced Air
Cooling
- Air Conditioning-Room
Appliances
- Included: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Oven, Range, Refrigerator, Washer
Features
- Concrete Counters
- Flooring: Wood
- Windows: Double Pane Windows
- Basement: Bath/Stubbed,Daylight,Finished,Full
Interior area
- Total structure area: 1,550
- Total interior livable area: 1,550 sqft
- Finished area above ground: 775
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 3
- Details: Off Street Spaces: 3
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
- Exterior features: Private Yard
- Fencing: Full
Lot
- Size: 6,000 Square Feet
- Features: Level
Details
- Parcel number: 224210018
- Zoning: E-TU-B
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Materials
- Stucco
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 1947
Utilities & green energy
- Electric: 110V, 220 Volts
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: Swansea
HOA
- Has HOA: No
Location
- Region: Denver
Financial & listing details
- Price per square foot: $374/sqft
- Tax assessed value: $409,400
- Annual tax amount: $1,881
- Date on market: 4/19/2025
- Listing terms: Cash,Conventional,FHA,Jumbo,VA Loan
- Exclusions: Sellers' Personal Property And Staging Items.
- Ownership: Individual
- Electric utility on property: Yes
- Road surface type: Paved
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