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$ 925,000
Est. payment | /mo
8 Beds
4 Baths
3,200 SqFt
$ 925,000
Est. payment | /mo
8 Beds
4 Baths
3,200 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 3,200 sqft
Price per Sqft $289
Subdivision Eastgate Filing No. Three
MLS Listing ID 9026504
Bedrooms 8
HOA Y/N No
Year Built 1966
Property Sub-Type Quadruplex
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
Exterior
Roof Type Unknown
Private Pool No
Building
Lot Description Level
Story One
Sewer Public Sewer
Schools
School District Elementary: Denver 1, Middle/Junior: Denver 1, High: Denver 1
Others
Senior Community No
Tax ID 6293-07-042
Special Listing Condition None Known
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed byMarcus & Millichap Real Estate Investment Services of Atlanta, Inc.
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