2441 E 47th Avenue

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 one of Denver’s most up-and-coming neighborhoods. 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 and 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.