Five Cheapest Homes for Sale in Denver Right Now

Who says homeownership is unaffordable in Denver? You just have to lower your standards a little…

Okay, a lot.

The median sale price for single-family homes in Denver was $665,850 in December, according to Redfin. That’s up nearly 2 percent from December 2024, and up over 23 percent from COVID-lows in December 2020. Costs aren’t much better outside of the capital city, either. The median closed price for detached homes in the broader Denver area was $615,000 in January, according to REcolorado.

However, as of February 9, five detached single-family houses in Denver are listed for sale on Zillow for $300,000 or under — less than half of the median sale price.

The homes are smaller than some studio apartments (none crack 1,000 square feet), though they thankfully lack the piss and asbestos of the houses featured on Westword’s summer roundup of the cheapest homes for sale in Denver. And all of those featured houses are now off the market, except for one probably haunted house that is pending sale.

But buyers, beware: you get what you pay for.

Here are the five cheapest homes currently for sale in Denver, with details from the original listings:

5. 1565 Xanthia Street

Price: $300,000
Bedrooms: 2
Bathrooms: 1
Square footage: 639
Year built: 1947
Days on Zillow: 126

This humble house in the East Colfax neighborhood is a bit rundown, and some of its listing images were seemingly digitally altered to add fake furniture. But its low price is likely due to the location more than the house itself. According to Zillow, the property was listed for sale on October 6 — three days after a man was stabbed to death a block away, at the intersection of Xanthia Street and East Colfax Avenue. The seller is apparently (and understandably) in a bit of a rush to leave, having cut the asking price by nearly $11,000 since going on the market.

4. 3045 West Gill Place

Price: $295,000
Bedrooms: 2
Bathrooms: 1
Square footage: 850
Year built: 1939
Days on Zillow: 63

This Westwood home boasts a large backyard, sitting on a 6,650-square-foot lot — though the sounds of traffic on South Federal Boulevard might make it hard to enjoy the outdoor space. The house is less than 200 feet from the busy roadway. Only a narrow alley and a rickety wooden fence separate the property from a business center featuring a beauty salon, pharmacy, insurance office and several other establishments. On the bright side: if you can survive crossing the five-lane boulevard Frogger-style, the New Saigon Bakery is within walking distance of your front door.

3. 3092 West Alaska Place

Price: $290,000
Bedrooms: 1
Bathrooms: 1
Square footage: 612
Year built: 1935
Days on Zillow: 154

House number three is just half a mile north of the previous entry on this list, also a stone’s throw from the traffic on Federal Boulevard. Since it was put on Zillow five months ago, the Westwood home has been listed as “pending sale” twice, only to return to the market each time. Now, the owner is requiring all prospective buyers to visit the property in person before submitting an offer. Is the location scaring buyers away, or does the house look worse in person? As the listing puts it, buyers must “bring your hard work and your fix-it attitude.”

2. 927 South Yates Street

Price: $287,000
Bedrooms: 2
Bathrooms: 1
Square footage: 979
Year built: 1934
Days on Zillow: 8

Could it be? An actual habitable home for less than $300,000? This rare gem is move-in ready, fully remodeled and located down the street from Westwood Park. But here’s the catch: not everyone can buy it. The property is part of an affordable homeownership program through Elevation Community Land Trust, meaning buyers must have an annual income at or below 80 percent of the Area Median Income. That’s a maximum income of $78,480 for one person or $100,880 for a family of three.

1. 315 North Galapago Street

Price: $250,000
Bedrooms: 1
Bathrooms: 1
Square footage: 560
Year built: 1885
Days on Zillow: 55

For just a quarter of a million dollars, you can own a dilapidated shack masquerading as a house. The number-one cheapest house for sale in Denver “needs it all,” as the listing puts it. At 141 years old and 560 square feet, it is both the oldest and smallest property on this list. The seller is seeking “serious pros” to turn this pile of garbage into something livable. Prospective buyers aren’t even allowed inside until their offer has been accepted. Even when it’s rebuilt, it won’t be much. The property sits on a cramped lot in the Baker neighborhood, measuring in at a claustrophobic 25 feet wide.