Selected for the Terner Labs Housing Venture Lab

824 Kimbark Street, Longmont, CO 80501

Active
Listed 125 days ago
Owner-Occupant Eligible
$559,000

About $2,290 a month to live here, after the rent from the other home.

House + ADU1,086 sqft3 beds1 bathsListed Jul 10, 2026

A house with a second home on the lot. Live in one and rent out the other. How it works

Live here for about

$2,290a month

The second home on the lot rents for $993. We hold back $194 of that for repairs and an empty month, and the rest goes toward a $3,089 monthly payment.

Income to qualify: about $77,000 a year

With how much down?

At 20% down ($111,800) and 6.0%, 30-year fixed. Your rate and down payment change this.

Get rich slow: keep this loan ten years and the payments pay off about $73,000 of it. See the ten-year math

See which homes fit your numbers
How we work this out

The cost to live here is the loan payment, taxes, insurance and any dues, less the rent, with a little held back for repairs and an empty month. Income to qualify uses a 43% debt-to-income limit, counts 75% of the rent, and none of your other debts.

$16,770 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

KEEP IT. RENT IT. EXPAND IT. DIVIDE IT. DEVELOP IT. REIMAGINE IT.RARE DOWNTOWN LONGMONT MU-D MIXED-USE INVESTMENT & DEVELOPMENT OPPORTUNITY DOUBLE LOT ESTABLISHED 5-STAR STRThis is far more than a single-family home. Located just one block from the heart of Downtown Longmont, 824 Kimbark combines an established short-term rental, an approximately 10,000-square-foot double lot, MU-D mixed-use zoning and significant development due diligence already completed.The charming 1910 home is currently operating as a licensed short-term rental on Airbnb and Vrbo with 5-star guest reviews, demonstrating a viable use for the existing home while preserving tremendous flexibility for the future.Significant development groundwork has already been completed, including feasibility work, engineering reports, survey work, tree mitigation, extensive development and City due diligence, and approved demolition should a future owner choose redevelopment.Importantly, the owners have also already explored both division of the lot and the addition of an ADU and have worked through what those potential paths would entail. Larger development configurations have also been investigated, giving a future buyer the benefit of substantial groundwork rather than simply starting with an oversized lot and a list of hypothetical possibilities.The double lot and MU-D mixed-use zoning create an unusual range of options. Keep the existing home and continue its established STR use. Make it your own downtown residence. Pursue an ADU. Explore division of the lot. Consider additional residential or mixed-use development. Or pursue redevelopment.For a buyer interested in development, substantial investigative and due-diligence work has already been undertaken, potentially saving considerable time and expense compared with beginning the process from scratch.And the location is difficult to duplicate.Development and due-diligence materials available for review by qualified buyers.

House + ADU

Property Type

10,019 sqft

Lot Size

1910

Year Built

Listing Date: 07/10/2026

Listed by: John Larkin

Listing office: eXp Realty LLC

Contact: 720-382-0218

Source: REcolorado #IR1063967

Series Homes is committed to full compliance with the Fair Housing Act and the Equal Credit Opportunity Act.

CHOOSE YOUR UNIT

Tap the one you would live in. The rest pay rent, and that rent comes off your monthly cost.

If someone lives in the unit you want, or a lease comes with the home, ask how moving in works on this one.

CHECK OUR MATHEvery line of the monthly cost is in here. Change the price or the down payment and watch it move.

OFFER PRICE

Change your offer and watch the monthly cost move.

Purchase Price

-15%
$559,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$559,000
Your Down Payment$111,800
Financed$447,200
Estimated Monthly Payment$3,089

Before rent: principal and interest at 6.0% on a 30-year fixed loan, taxes, insurance and any HOA dues. Your rate and down payment change this.

MONTHLY BREAKDOWN

Estimate at 20% down ($111,800) and 6.0%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$3,089/month
Principal + Interest
$2,681
Property Taxes
$240
Home Insurance
$168
Rental Income (1 Unit)
$993/month

From the listing description.

Rental Expenses
-$194
Cost to live here
$2,290/month

Payment estimates shown by Series are illustrative only. Final loan terms, monthly payments, and eligibility will be determined by your mortgage loan originator.

BEFORE YOU OFFER

Now run it on your paycheck.

This page is priced at one down payment and one rate. Send the address and we run it at yours: what you would pay each month after rent, and which loan works on this home.

Free. No credit pull.

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MLS# IR1063967 · Listing office: eXp Realty LLC

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