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$975,000

Est. payment - /mo

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8 Beds

4 Baths

3,200 SqFt

New

2397 S Locust ST Denver, CO 80222

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Robert Hryniewich

[email protected] +1(303) 564-8900

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,200 sqft

Price per Sqft $304

Subdivision Eastgate Filing No. Three

MLS Listing ID 9026504

Bedrooms 8

HOA Y/N No

Abv Grd Liv Area 3,200

Year Built 1966

Annual Tax Amount $4,923

Tax Year 2024

Property Sub-Type Quadruplex

Source recolorado

Property Description

2397 S Locust St is a fully renovated, turnkey 4-unit investment in the supply-constrained Virginia Village submarket, offering durable cash flow with minimal near-term capex. The property features modernized interiors that compete with newer products and support strong tenant demand, while in-place rents provide continued upside through organic lease roll without heavy repositioning. Centrally located between Downtown Denver and the Denver Tech Center, the asset benefits from strong commuter appeal, affluent demographics, and a widening rent-versus-own gap that reinforces long-term renter demand. Scarce small-bay competition, combined with optional operational upside through expense optimization, positions the property for stable occupancy, NOI growth, and long-term appreciation.

Location

State CO

County Denver

Zoning R-2-A

Interior

Heating Forced Air, Steam

Cooling Other

Fireplace N

Exterior

Roof Type Unknown

Total Parking Spaces 8

Garage No

Building

Lot Description Level

Sewer Public Sewer

Level or Stories One

Structure Type Brick

Schools

Elementary Schools Bradley

Middle Schools Hamilton

High Schools Thomas Jefferson

School District Denver 1

Others

Senior Community No

Ownership Individual

Acceptable Financing Conventional, Other

Listing Terms Conventional, Other

Special Listing Condition None

Listed by Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.

NEARBY SCHOOL & BUSINESS

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