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… Read More 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. Read Less
Courtesy of Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. [email protected]
Listing Snapshot
Days Online
7
Last Updated
Property Type
Quadruplex
Beds
8
Square Ft.
3,200
Year Built
1966
MLS Number
3078055
30 Days Snapshot Of 80222
$726k
+4%
(avg) sold price
37
+23%
homes sold
93
+14%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Above Grade Finished Area: 3200, Construction Materials: "Brick", Levels: "Two", Living Area: 3200, Occupant Type: Owner, Structure Type: "Quadruplex", Total Area: 3200, Unit Count: 1, Unit Types: "Array", Built in 1966
Cooling
Cooling: "Other"
Disclosures
Exclusions: n/a
Heating
Heating: "Forced Air"
Home Owner's Association
Association Fee Total Annual: $0, Association Fee Annual: 0.00, Association Fee 2 Annual Expense: 0.00, Association Fee 3 Annual Expense: 0.00
Livable Structure Count: 0, Out Building Count: 0, Property Sub Type: Quadruplex, Zoning: S-MU-3
Roof
Roof: "Unknown"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: 4923.2, Legal Description: EASTGATE NO.3 B34 PT L7 DAF BEG SE COR L7 N 58.56FT W132.25FT S 58.55FT E 132.24FT TPOB EXC BEG SE COR L7 N 4FTSW 5.66FT E 4FT TPOB AND EXC THE W 8FT, Tax Year: 2024
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Listings courtesy of METROLIST, INC., DBA RECOLORADO® as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.
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