427 S Lincoln ST, Denver, CO 80209
427 S Lincoln ST, Denver, CO 80209
427 S Lincoln ST, Denver, CO 80209
427 S Lincoln ST, Denver, CO 80209
427 S Lincoln ST, Denver, CO 80209
427 S Lincoln ST, Denver, CO 80209
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$ 825,000
Est. payment | /mo

2 Beds

3 Baths

2,653 SqFt


Save
$ 825,000
Est. payment | /mo
Save

2 Beds

3 Baths

2,653 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,653 sqft

Price per Sqft $310

Subdivision South Broadway

MLS Listing ID 2419981

Bedrooms 2

HOA Y/N No

Abv Grd Liv Area 1,206

Year Built 1925

Annual Tax Amount $4,360

Tax Year 2025

Lot Size 8,950 Sqft

Acres 0.21

Property Sub-Type Quadruplex

Source recolorado

Property 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.

Location

State CO

County Denver

Zoning U-TU-B2

Rooms

Basement Finished, Full

Interior

Heating Baseboard

Cooling None

Flooring Carpet, Laminate, Linoleum, Vinyl

Fireplace N

Laundry None

Exterior

Parking Features Gravel

Fence Partial

Utilities Available Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Connected

Roof Type Composition

Total Parking Spaces 7

Garage No

Building

Lot Description Level, Near Public Transit

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Frame

Schools

Elementary Schools Lincoln

Middle Schools Grant

High Schools South

School District Denver 1

Others

Senior Community No

Ownership Individual

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition None

REColorado (REColorado MLS)
Listed by Grace Management & Invest.

NEARBY SCHOOL & BUSINESS

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Matt Thomas
Matt Thomas

Consultant | Broker Associate | FAFA100030130

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427 S Lincoln ST