Congress Park Revival-Style
1437 Columbine St, Denver, CO 80206
For Sale
$1,850,000
Pending
Classic triplex in Denver's Congress Park with income potential.
Property Size4,912 SF
Lot Size0.17 Acres
Days on Market249
Property Features for 1437 Columbine St
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
LIV Sotheby's International Realty
Listed By:
Katie Fredrick · License CO #100069320
(720) 628-2735
Source:
Elliman
Added: Mar 11
Changed: Aug 27
Last Checked: Aug 14 at 6:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LIV Sotheby's International Realty
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Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,070
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,821,400
$1.8M
Cap Rate 7%
$1,301,000
$1.3M
Cap Rate 9%
$1,011,889
$1.0M
Market Conditions
NOI Build-Up for 5,480 SF
Gross rent
$138.1K $25.20/SF
− Vacancy
−$8.0K −$1.46/SF
EGI
$130.1K $23.74/SF
− OpEx
−$39.0K −$7.12/SF
NOI
$91.1K $16.62/SF
Area
Denver, CO
Vacancy
5.79%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,821,400
Cap Rate 7%
$1,301,000
Cap Rate 9%
$1,011,889
Alternative Uses
Best Use
Multifamily LT 5
$1.30M
$1.14M – $1.52M
NOI $91,070 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,206 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$1.74M
$1.53M – $2.04M
NOI $122,114 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
3,396
Businesses Nearby
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Business Placement
Demographics for 80206, CO
26,108
Population
15,580
Households
1.7
Avg Household Size
38
Median Age
78%
College-Educated
97%
High-School Grad
2.5 sq mi
ZIP Area
10,443
Density / Sq Mi
$102,248
Median Household Income
$69,908
Median Earnings
$1,694
Median Rent
$892,200
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Denver, CO
Properties on Market for Triplexes in Denver
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
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.
