1351 Wolff St, Denver, CO 80204

Property Description

Multifamily investment opportunity that can be combined with the adjacent 4-unit at 1359-1365 Wolff Street to create an 8-unit portfolio. Located near 10th Avenue and Sheridan Boulevard, immediately north of Dry Gulch, this fully occupied fourplex is positioned within an area undergoing significant multi-phase redevelopment. The property features four 2-bedroom, 1-bath units with quality rental-grade updates in most units and separately metered utilities. Multiple value-add opportunities exist through future rent growth and additional income from the detached two-car garage. Major improvements include a newer roof in 2023, two boilers approximately 2 and 15 years old, two new water heaters in 2021, and new swamp coolers in 2024 and 2025. The 7,813-square-foot lot features a meticulously landscaped yard with decorative black metal fencing and additional off-street parking. Adjacent to Dry Gulch, residents have convenient access to its walking and biking path, along with the nearby 10th & Sheridan light rail station providing connections to downtown Denver and other destinations. Sloan's Lake, Edgewater Public Market offering restaurants, shops, nightlife, and recreational amenities are also nearby. Ongoing transit-oriented investment and neighborhood redevelopment provide strong long-term demand and appreciation potential. The neighboring 4-unit at 1359-1365 Wolff Street is also available, creating an opportunity to assemble 8 units together for improved operating efficiency, management economies of scale, and enhanced exit optionality. Sold together is preferred, but available individually.