427 S Lincoln Street, Denver, CO 80209
- $825,000
- 2
- BD
- 3
- BA
- 2,352
- SqFt
Courtesy of Grace Management & Invest. . greg@rentgrace.com,303-641-7694
- List Price
- $825,000
- Type
- Multifamily
- Status
- ACTIVE
- MLS Number
- 2419981
- Finished Sqft
- 2,352
- Above Grade Sqft
- 1206
- Total Sqft
- 2653
- Subdivision
- South Broadway
- Sub-Area
- South Broadway
- Year Built
- 1925
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.
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Additional Information
- School District
- Denver 1
- Elementary School
- Lincoln
- Middle School
- Grant
- High School
- South
- Parking Features
- Gravel
- Basement
- Finished, Full
- Basement Finished
- Yes
- Lot Size
- 8,950
- Acres
- 0.21
- Taxes
- $4,360
- Tax Year
- 2025
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