Classic Revival-style 3-unit income property in prime Congress Park location with long-term upside. Built in 1905 and offering 5,480 sq. ft. of rentable space, this property is currently configured as three separate units: 6 bedrooms, 7 bathrooms total. Two units have been updated; the third is occupied by a long-term tenant. Layout allows for continued multi-unit use or conversion back to single-family. Zoned and structured to appeal to both traditional and short-term rental strategies.
Recent upgrades include a new boiler system, code-compliant fire escape, and electronic keypad entry on all units. Much of the original architectural character remains--wood moulding, stained glass, radiators, and fireplace grates--supporting strong appeal to both long-term and short-term tenants. Additional features include two laundry areas, a fully fenced backyard, and three off-street parking spaces.
Located in a walkable, high-demand rental corridor close to City Park, Denver Botanic Gardens, Bluebird Theater, and Colfax Avenue dining and nightlife.
Value-add potential: Cap rate can increase with additional unit updates or by applying for a short-term rental permit and shifting one or more units to Airbnb-style use (buyer to verify city requirements). Featured in Historic Denver's Northwest Congress Park Neighborhood guidebook. Strong existing structure, prime location, and flexible configuration make this a compelling asset for investors seeking immediate income and long-term growth.
Classic Revival-style 3-unit income property in prime Congress Park location with long-term upside. Built in 1905 and offering 5,480 sq. ft. of rentable space, this property is currently configured as three separate units: 6 bedrooms, 7 bathrooms total. Two units have been updated; the third is occupied by a long-term tenant. Layout allows for continued multi-unit use or conversion back to single-family. Zoned and structured to appeal to both traditional and short-term rental strategies.
Recent upgrades include a new boiler system, code-compliant fire escape, and electronic keypad entry on all units. Much of the original architectural character remains--wood moulding, stained glass, radiators, and fireplace grates--supporting strong appeal to both long-term and short-term tenants. Additional features include two laundry areas, a fully fenced backyard, and three off-street parking spaces.
Located in a walkable, high-demand rental corridor close to City Park, Denver Botanic Gardens, Bluebird Theater, and Colfax Avenue dining and nightlife.
Value-add potential: Cap rate can increase with additional unit updates or by applying for a short-term rental permit and shifting one or more units to Airbnb-style use (buyer to verify city requirements). Featured in Historic Denver's Northwest Congress Park Neighborhood guidebook. Strong existing structure, prime location, and flexible configuration make this a compelling asset for investors seeking immediate income and long-term growth.
