2397 S Locust St, Denver, CO 80222
- $925,000
- 8
- BD
- 4
- BA
- 3,200
- SqFt
Listing courtesy of Charles Burkhart.
charles.burkhart@marcusmillichap.com,214-336-6064
- List Price
- $925,000
- Status
- ACTIVE
- Price Change
- ▼ $50,000 1782419188
- MLS#
- 9026504
- Subtype
- Residential Income
- Year Built
- 1966
- Bedrooms
- 8
- Bathrooms
- 4
- Living Area
- 3,200
- Subdivision
- Eastgate Filing No. Three
- Neighborhood
- Metro18/DSE
- MLS Area Major
- Metro Denver
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.
Additional Information
- Taxes
- $4,923
- Zoning
- R-2-A
- Heating
- Forced Air
- Levels
- One
- Roof
- Other
- Parking Features
- Off Street
- Garage Spaces
- 8
- School District
- Denver District 1
- Elementary School
- Bradley
- Middle School
- Hamilton
- High School
- Thomas Jefferson
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