2397 S Locust Street, Denver, CO 80222

$925,000
8
BD
4
BA
3,200
SqFt

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Courtesy of Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. . charles.burkhart@marcusmillichap.com,214-336-6064

List Price
$925,000
Status
ACTIVE
Days on Market
64
Price Change
▼ $50,000 1782418508
MLS#
9026504
Year Built
1966
Bedrooms
8
Bathrooms
4
Living Area
3,200
Subdivision
Eastgate Filing No. Three
Neighborhood
Eastgate Filing No. Three

Property Description

2397 S Locust St is a fully renovated, turnkey 4-unit investment in the supply-constrained Virginia Village submarket, offering durable cash flow with minimal near-term capex. The property features modernized interiors that compete with newer products and support strong tenant demand, while in-place rents provide continued upside through organic lease roll without heavy repositioning. Centrally located between Downtown Denver and the Denver Tech Center, the asset benefits from strong commuter appeal, affluent demographics, and a widening rent-versus-own gap that reinforces long-term renter demand. Scarce small-bay competition, combined with optional operational upside through expense optimization, positions the property for stable occupancy, NOI growth, and long-term appreciation.

Additional Information

Taxes
$4,923
Zoning
R-2-A
Heating
Forced Air, Steam
Air Conditioning
Other
Levels
One
Roof
Unknown
School District
Denver 1
Elementary School
Bradley
Middle School
Hamilton
High School
Thomas Jefferson

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