427 S Lincoln StDenver, CO 80209

Description

Outstanding value-add investment opportunity on a rare double lot in a prime central Denver location! Originally built as a single-family home, this property was converted into a four-unit income property featuring a studio, one-bedroom, two-bedroom, and three-bedroom unit, offering a diverse unit mix and multiple income streams. Three of the four units are currently tenant occupied, providing immediate rental income. The fourth unit, a three-bedroom basement unit, is vacant following foundation repairs and is ready for the next owner to complete the renovation. With the remaining improvements finished, the property offers an excellent opportunity to increase rental income and build additional equity. Situated on a double lot, the property features a large off-street parking area with space for approximately six vehicles-a valuable amenity in central Denver. Conveniently located near South Broadway, downtown Denver, shopping, restaurants, parks, public transportation, and major commuter routes, this property presents an excellent opportunity for investors seeking immediate cash flow with significant upside potential. Property is being sold AS-IS.

Property Information

Property type

Residential Income

Year built

1925

Living area

2,352 Sq Ft

Lot size

0.21 acres

Garage spaces

7

Parking spaces

7

Zoning

U-TU-B2

Days on market

130

MLS^® Listing#

2419981

Property Features

Heating

Baseboard

Basement

Full · Partially Finished

Parking

Off Street

Fencing

Partial

Lot features

Level

Construction

Frame

Roof

Composition

Utilities

Electricity Available

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Lincoln

Middle

Grant

High

South

Financial Details

HOA

None

Annual taxes

$4,360Tax year 2025