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1437 Columbine St Denver, CO 80206

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For Sale
$1,850,000

Classic triplex in Denver's Congress Park with income potential.

Lot size:
0.17 Acres

Property Features for 1437 Columbine St

General Information

Property type
Investment
Standard status
Active
Lot size
0.17 Acres

Building Details

Year built
1905

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Listing Contact
Katie Fredrick
Source: Elliman

Listing Agency: LIV SOTHEBY'S INTERNATIONAL REALTY Listing Agent: Katie Fredrick

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

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Overview

Congress Park Revival-Style Triplex

This classic 1905 Revival-style triplex, located in the Congress Park neighborhood of Denver, offers 5,480 square feet of income-producing space. The property is configured as three units, featuring a total of 6 bedrooms and 6 bathrooms. Unit A is a two-level unit with 3 beds and 3 baths, while Units C and D offer 2-bed/2-bath and 1-bed/1-bath layouts, respectively. Current long-term leases generate between $1,850 and $2,250 per month per unit. The property has a fully fenced backyard and includes two laundry areas and three off-street parking spaces, with potential for a future garage. Original details such as woodwork, stained glass, tile fireplaces, radiators, and pocket doors are present throughout. Recent updates include a new boiler system, city-compliant fire escape, underfloor heating, updated bathrooms in Units A and C, re-landscaped front and back yards with retaining wall, new patio and outdoor lighting, a fully automated sprinkler system, smart lighting, CCTV, and electronic keypads. The property is located blocks from City Park, Denver Botanic Gardens, Washington Park, and Colfax Avenue’s dining and nightlife. It is conveniently located near bus and light rail lines, as well as Rose, National Jewish, St. Joseph’s, and Anschutz hospitals. The property is zoned for multifamily use, with potential for single-family conversion or reconfiguration to four units.
Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

Location Insight

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City
Denver
County
Arapahoe
State
Colorado
Longitude
-104.957756
Latitude
39.7391274

FAQs

What type of property is this?
Triplex - Classic triplex in Denver's Congress Park with income potential.
Where is this triplex located?
The property is located at 1437 Columbine St Denver, CO.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: - High income potential: Projected annual income of $103,000 with long-term leases, or $140,000+ with short-term rental of Unit A; estimated cap rate of 5.3%-5.8%.; - Prime location in Congress Park: Walkable neighborhood close to City Park, Denver Botanic Gardens, Washington Park, Colfax Avenue dining, and Cherry Creek shopping.; - Triplex with flexible zoning: Zoned for multifamily with potential for single-family conversion or reconfiguration to four units.
More about this property
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