3243 Kearney ST, Denver, CO 80207
3243 Kearney ST, Denver, CO 80207
3243 Kearney ST, Denver, CO 80207
3243 Kearney ST, Denver, CO 80207
3243 Kearney ST, Denver, CO 80207
3243 Kearney ST, Denver, CO 80207
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Kimberly & Josiah Whitten
$ 1,500,000
Est. payment | /mo

10 Beds

7,545 SqFt


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$ 1,500,000
Est. payment | /mo
Save

10 Beds

7,545 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 7,545 sqft

Price per Sqft $198

Subdivision Northeast Park Hill

MLS Listing ID 7898418

Bedrooms 10

HOA Y/N No

Abv Grd Liv Area 2,290

Year Built 1955

Annual Tax Amount $6,285

Tax Year 2025

Property Sub-Type Quadruplex

Source recolorado

Property Description

VA Assumable loan at 3.75% Ask Agents for Information! Turnkey fourplex in Northeast Park Hill offering a compelling opportunity for investors and owner-occupants alike. The property currently generates $8,445/month in gross scheduled rental income, sitting at a 5.12% cap rate and all four units thoughtfully updated and maintained. The unit mix includes two 3-bedroom units and two 2-bedroom units, providing strong rental versatility and broad tenant appeal. One unit will be delivered vacant at closing, creating an immediate opportunity for an owner-occupant to live on-site while benefiting from income from the remaining units, or for an investor to reposition the unit at market rent.

Significant improvements have been completed throughout 2024–2026, including new windows, interior doors, paint, blinds, LED lighting, appliances, electrical breakers, central air conditioning, exterior paint and siding, professional landscaping, a new paver patio, and updated safety features. Additional unit-specific improvements include restored hardwood flooring, a professionally remodeled bathroom, and a remodeled kitchen.

The oversized detached 2-car garage offers an additional value-add opportunity, with approximately 676 SF already framed for a potential ADU/fifth unit and electrical wiring pulled through the existing framing. Buyer to verify zoning, permitting, feasibility, and all development requirements with the City and County of Denver. The property also offers at least five off-street parking spaces.

Residents are separately metered for gas and electric, while water, sewer, and trash are billed back to the units at a 25% share each. With strong existing rental income, extensive recent renovations, multiple off-street parking spaces, potential ADU upside, and the flexibility to occupy one unit, this property offers a rare combination of immediate cash-flow potential and future value-add opportunity in Northeast Park Hill.

Location

State CO

County Denver

Zoning E-SU-DX

Rooms

Basement Bath/Stubbed, Finished, Full

Interior

Heating Forced Air

Cooling Central Air

Flooring Wood

Fireplace N

Appliance Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer

Laundry Common Area, In Unit, Multiple Locations

Exterior

Roof Type Composition

Total Parking Spaces 5

Garage No

Building

Lot Description Level

Sewer Public Sewer

Level or Stories Two

Structure Type Block,Frame

Schools

Elementary Schools Smith Renaissance

Middle Schools Mcauliffe International

High Schools East

School District Denver 1

Others

Senior Community No

Ownership Individual

Acceptable Financing 1031 Exchange, Cash, Conventional, VA Loan

Listing Terms 1031 Exchange, Cash, Conventional, VA Loan

Special Listing Condition None

REColorado (REColorado MLS)
Listed by Serhant Colorado LLC
Kimberly & Josiah Whitten
Kimberly & Josiah Whitten

Agent | License ID: FA.100106271

+1(719) 433-0945 | kimberly@exploringcos.com

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3243 Kearney ST