$1,249,000

Quadruplex In Denver

  • 5 Beds
  • 4 Baths
  • 3,613 Sqft
  • 9,370 Sqft lot
  • Updated: September 16
  • Source:
    REcolorado  MLS#4673068

About the Property

Awesome covered-land play opportunity! This exceptional corner lot offers a fantastic development opportunity on a 9,370-square-foot site with U-RH-3A zoning, ideally located just one block from the coveted Sloan’s Lake Park.
The existing units benefit from strong rental demand, quick leasing, and phenomenal tenant retention, making this an attractive opportunity for both immediate income and
Awesome covered-land play opportunity! This exceptional corner lot offers a fantastic development opportunity on a 9,370-square-foot site with U-RH-3A zoning, ideally located just one block from the coveted Sloan’s Lake Park.
The existing units benefit from strong rental demand, quick leasing, and phenomenal tenant retention, making this an attractive opportunity for both immediate income and future development potential.

Adding to the appeal, the City of Denver plans to invest $50 million in improvements to Sloan’s Lake, including shoreline restoration and water-quality improvements. These significant enhancements are expected to further improve the surrounding area and enhance the long-term appeal of the property.

Immediate income upside: Two family members currently occupy two of the units at below-market rents. Bringing both units to market rents supports an estimated 4.5% cap rate.
The family member occupying the two-bedroom unit is vacating by the end of October, creating an opportunity to increase annual rental income by more than $7,500.
The family member residing at 1591 Utica is currently below market, with a lease ending July ’27.
With strong existing rental performance, significant near-term income upside, desirable zoning, and a prime location near Sloan’s Lake, this property presents an excellent combination of current cash flow and future development potential.

Showing Instructions: Listing agent Will McKinlay must be present for all showings. Please provide tenants with at least 24 hours’ notice prior to any showing.
  • Property type

    Other

  • Year built

    1954

  • Price/sqft

    $345

Features

Explore the Area

4500 W 16th Avenue, Denver, Colorado, United States View on Google Maps
Price per sqft
Low
High

View 1,244 more listings in Denver

Capital Property Group LLC - DENVER

Joined 9 months ago
Your message
You have inquired about this property

The agent will contact you soon by

Listed by

Capital Property Group LLC - DENVER
Colorado, United States
View agency profile
2
Listings
2025
Joined

Book home tour with the agent

Choose a date and whether you'd like a virtual or in-person tour with the agent.

In-person tour
Preferred date
Tour type
Capital Property Group LLC - DENVER
DENVER, Colorado, United States
View agency profile
Last updated
September 16
First listed
Sep 10
Listing reference
4673068
Listing status
Call

Start phone call with:

Hello, I’m calling for the property with the reference 4673068, which I discovered on JamesEdition.

After the call, we'll provide your contacts to the agent for easy communication.

brokerages we
partnered with