Meticulously maintained high-upside cash-flowing investment opportunity! This value-add fourplex is a truly irreplaceable property in the heart of Washington Park, one of Denver’s most coveted neighborhoods. Property features an ideal unit mix: three 2-bedroom/1-bath units and one expansive 4-bedroom/2-bath unit. All of the units are currently on month-to-month leases. Each unit is thoughtfully appointed with hardwood floors, updated bathrooms, both front and rear entrances, and designated yard space. Additional highlights include seven off-street parking spaces (four of which are covered) enhancing tenant convenience and property value. This versatile property appeals to a variety of investment strategies: LONG-TERM HOLED: A compelling buy-and-hold opportunity in one of Denver’s premier areas, with added upside if the basement beneath the rear 2-bedroom unit can be converted to livable space. OWNER-OCCUPANT: Perfect for buyers seeking to live in one unit while generating income from the others. DEVELOPMENT-POTENTIAL: Situated on a generous 12,700 sq ft lot, the site offers excellent possibilities for redevelopment. Whether you’re an investor, developer, or owner-occupant, this unique property offers flexibility, income potential, and an unmatched location.
SOLD AS SEPARATE UNITS: This property includes party walls, making it an exceptional opportunity for investors. With the existing structure, it can be re-zoned into four separate units—each eligible to be sold individually. The neighborhood's proximity to downtown Denver, recreational spaces, and cultural attractions make it attractive to a diverse tenant base, including professionals, families, and students. Washington Park is among Denver's most sought-after neighborhoods. It offers a blend of historic charm and modern amenities, featuring tree-lined streets, Craftsman-style homes, and access to the expansive 165-acre Washington Park and is known for its vibrant community!
For sale
$1,750,000
236 S Clarkson Street, Denver, CO 80209
10beds
5baths
4,140sqft
Est.:
Quadruplex
Built in 1952
-- sqft lot
$1,678,500 Zestimate®
$423/sqft
$-- HOA
What's special
Craftsman-style homesFront and rear entrancesOff-street parking spacesDesignated yard spaceTree-lined streetsHardwood floorsUpdated bathrooms
- 77 days
- on Zillow |
- 882 |
- 56 |
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