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    3381-3389 Kearney St Denver, CO 80207

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    For Sale
    $1,217,000

    Five-unit property in Denver's Park Hill neighborhood with redevelopment potential.

    Building Details

    Year built
    1955

    Source: Coldwell Banker Realty 18 Agent Soledad Tobar

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Park Hill Multifamily Redevelopment Opportunity

    Located in the heart of Denver's Park Hill neighborhood, this five-unit property at 3381-3389 Kearney St offers zoning flexibility and upside potential. The property is zoned E-TU-C and situated on a 12,983-square-foot (0.3 acres) lot, one of the largest parcels in the area, offering ample room for creative site planning. The living area encompasses 3,836 square feet. Constructed in 1955, the solid mid-century building is suitable for value-add upgrades or full repositioning. The property is located in the Park Hill/Oakland Subdivision and surrounded by revitalized homes, strong rental demand, and proximity to Central Park, DIA, and downtown Denver. It presents an opportunity to renovate and lease as a multi-unit income property with strong cap rate upside. The property is currently owned by a non-profit, and current rents are extremely low for the area.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.9177867
    Latitude
    39.7653322

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    FAQs

    What type of property is this?
    Apartment building - Five-unit property in Denver's Park Hill neighborhood with redevelopment potential.
    Where is this apartment building located?
    The property is located at 3381-3389 Kearney St Denver, CO.
    What is the asking price?
    The asking price for this property is $1,217,000.
    What are key features of this property?
    This property features: - Large 12,983 sq ft lot (0.3 acres) - one of the largest in the area, allowing for creative site planning.; - E-TU-C zoning offers flexibility for repositioning or redevelopment.; - Located in the desirable Park Hill neighborhood, near revitalized homes and with strong rental demand.
    (303) 780-7407
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3381-3389 Kearney St Denver, CO 80207
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