Selected for the Terner Labs Housing Venture Lab

616 8th Street, Leadville, CO 80461

Active
Listed 47 days ago
Owner-Occupant Eligible
$565,000
House + ADU2,175 sqft6 beds3 bathsListed Sep 26, 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

$3,538a month

We are still working out the rent on this one.

Income to qualify: about $99,000 a year

With how much down?

At 20% down ($113,000) 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 $74,000 of it. See the ten-year math

See which homes fit your numbers
How we work this out

No rent is counted for this home yet, so the cost to live here is the whole loan payment, taxes, insurance and any dues. Income to qualify uses a 43% debt-to-income limit and none of your other debts.

$16,950 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

LOCATION, MOUNTAIN VIEWS AND SO MUCH POTENTIAL in the heart of Leadville! Set on a spacious lot with added privacy and a backyard that opens directly to the trail, 616 W. 8th Street offers a unique combination of space, location and flexibility. This ranch-style home features 4 bedrooms and 2 bathrooms on the main level, including a former garage that has been converted into an additional bedroom, creating even more usable living space. The walkout basement adds another layer of possibilities with a separate living area featuring its own kitchen, living room, 2 bedrooms, bathroom and laundry area. The layout lends itself well to extended family, guests, multi-generational living or potential rental income, giving the next owner options for how they use the space. Outside, the location is a huge part of what makes this property special. Enjoy mountain views, a spacious lot and a backyard that opens directly to the trail, offering privacy and easy access to the outdoors while still being right in town. Schools, parks, restaurants, shops, coffee and everything downtown Leadville has to offer are all nearby, making it easy to enjoy the Leadville lifestyle without giving up space. Several projects throughout the home have already been completed, while additional updates and improvements remain for the next owner. This is an opportunity to bring your own ideas, finish the remaining projects and make the home your own while building on everything the property already has to offer. If you're looking for a Leadville home with mountain views, a large lot, main-level living, a walkout basement, flexible living spaces and easy access to both downtown and the outdoors, 616 W. 8th Street offers a lot of possibilities.

House + ADU

Property Type

6,098 sqft

Lot Size

1965

Year Built

Listing Date: 09/26/2026

Listed by: Sheryl Archuleta

Listing office: HomeSmart

Contact: 720-298-6534

Source: REcolorado #3234752

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%
$565,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$565,000
Your Down Payment$113,000
Financed$452,000
Estimated Monthly Payment$3,538

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 ($113,000) and 6.0%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$3,538/month
Principal + Interest
$2,710
Property Taxes
$479
Home Insurance
$349
Rental Income (1 Unit)
Not yet estimated
Cost to live here
$3,538/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# 3234752 · Listing office: HomeSmart

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