109 W Simpson St Lafayette, CO 80026
OPEN HOUSE
Sat Apr 05, 1:00pm - 3:00pm
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Residential-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,872 sqft
Subdivision West Lafayette Addition
MLS Listing ID 1706523
Bedrooms 3
Full Baths 1
Three Quarter Bath 1
HOA Y/N false
Abv Grd Liv Area 1,008
Originating Board REcolorado
Year Built 1920
Annual Tax Amount $2,901
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Residential-Detached
Property Description
Located just steps from East Simpson Coffee, Teocalli, and Ghost Box Pizza, this unique property offers flexible living options with separate spaces for rental income, multi-generational living, or your very own private guest suite. Featuring 3 bedrooms, 2 bathrooms, and 2 kitchens (with private entrances), this home features the best mixture of historic charm and modern updates.
Unit A showcases beautifully maintained original hardwood floors, picture moulding trim, new stainless steel appliances, plus a brand-new back door (2025) and a transferable warranty. The original foundation has been professionally lifted & stabilized (2022) so you can rest easy as you enjoy your front yard, which turns into a stunning flower garden every spring.
Unit B underwent a full renovation in June 2024, featuring new paint, lighting, renter-friendly LVP flooring, carpet, countertops, stainless steel appliances, custom shelving, and updated bathroom elements. The landscaping was also refreshed, and the entry door was painted in May 2024. The detached garage provides plentiful storage or workshop space, and the brand-new central AC ensures year-round comfort.
RENTAL INCOME: Unit B boasts a steady long-term rental history of $1,400/month, but it's also proving to be a strong Airbnb performer, with earnings of $17,800 in just seven months. Rent out both units, or house hack by living in one unit while renting out the other! Either way, this property offers an incredible income opportunity and a strong cap rate.
Looking for a turnkey approach? The furniture in Unit B is also negotiable for a ready-now, fully-furnished rental.
Don't miss this unparalleled opportunity in Lafayette's thriving market!
Location
State CO
County Boulder
Area Lafayette
Rooms
Basement Partially Finished
Primary Bedroom Level Main
Bedroom 2 Main
Bedroom 3 Basement
Interior
Heating Forced Air
Cooling Central Air
Appliance Refrigerator, Washer, Dryer
Laundry Main Level
Exterior
Garage Spaces 1.0
Fence Partial
Roof Type Composition
Building
Faces South
Story 2
Sewer City Sewer, Public Sewer
Water City Water
Level or Stories Two
Structure Type Stucco
New Construction false
Schools
Elementary Schools Lafayette
Middle Schools Angevine
High Schools Centaurus
School District Boulder Valley Re 2
Others
Senior Community false
SqFt Source Assessor
Special Listing Condition Private Owner
