1437 Columbine ST Active Save Request In-Person Tour Request Virtual Tour
Denver,CO 80206
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,480 sqft
Price per Sqft $337
Subdivision Congress Park
MLS Listing ID 6990012
Bedrooms 6
HOA Y/N No
Abv Grd Liv Area 3,712
Year Built 1905
Annual Tax Amount $7,378
Tax Year 2024
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Triplex
Source recolorado
Property Description
Classic 1905 Revival-style triplex in the heart of Denver's Congress Park, offering 5,480 sq. ft. of income-producing space and timeless character. Configured as three units with 6 bedrooms and 6 bathrooms total, this property blends historic charm with strong investment potential. Unit A spans two levels with 3 beds/3 baths, while Units C and D offer 2-bed/2-bath and 1-bed/1-bath layouts. Current long-term leases generate $1,850–$2,250/month per unit, with projected annual income of $103,000 for full long-term occupancy—or $140,000+ if Unit A is operated as a short-term rental. Estimated cap rate ranges from 5.3%–5.8%, with additional upside through modest updates, utility pass-throughs, or garage/parking income.
Recent updates include a new boiler system, city-compliant fire escape, underfloor heating, updated bathrooms in Units A and C, re-landscaped front and back yards with retaining wall, new patio and outdoor lighting, fully automated sprinkler system, smart lighting, CCTV, and electronic keypads. Original details remain throughout—woodwork, stained glass, tile fireplaces, radiators, pocket doors, and a welcoming front porch—elements that attract both long-term tenants and Airbnb guests.
Additional highlights: two laundry areas, three off-street parking spaces (with potential for a future garage), and a fully fenced backyard.
Prime location in one of Denver's most walkable neighborhoods—just blocks from City Park, Denver Botanic Gardens, Washington Park, and Colfax Avenue's dining and nightlife. Stroll to favorites like Shells & Sauce, Chef Zorba's, and Genesee Coffee, or explore Cherry Creek's upscale shopping minutes away. Convenient to bus and light rail, plus Rose, National Jewish, St. Joseph's, and Anschutz hospitals. Zoned for multifamily with potential for single-family conversion (nearby homes trade around $5M) or reconfiguration to four units, this is a rare, flexible asset in a coveted corridor.
Location
State CO
County Denver
Zoning U-RH-3A
Rooms
Basement Daylight,Exterior Entry,Finished,Full
Interior
Interior Features Pantry,Primary Suite,Vaulted Ceiling(s),Walk-In Closet(s),Wired for Data
Heating Hot Water,Steam
Cooling Air Conditioning-Room
Flooring Carpet,Stone,Tile,Wood
Fireplaces Number 3
Fireplaces Type Basement,Dining Room,Family Room
Fireplace Y
Appliance Convection Oven,Cooktop,Dishwasher,Disposal,Dryer,Freezer,Microwave,Oven,Refrigerator,Self Cleaning Oven,Washer,Wine Cooler
Laundry Common Area,Multiple Locations
Exterior
Exterior Feature Balcony,Garden,Gas Grill,Private Yard
Fence Full
Utilities Available Electricity Available,Electricity Connected
View City
Roof Type Composition
Total Parking Spaces 3
Garage No
Building
Lot Description Historical District,Level,Many Trees,Sprinklers In Front,Sprinklers In Rear
Sewer Public Sewer
Water Public
Level or Stories Multi/Split
Structure Type Brick
Schools
Elementary Schools Teller
Middle Schools Morey
High Schools East
School District Denver 1
Others
Senior Community No
Ownership Individual
Acceptable Financing Cash,Conventional,FHA,Jumbo,VA Loan
Listing Terms Cash,Conventional,FHA,Jumbo,VA Loan
Special Listing Condition None
Virtual Tour https://u.listvt.com/mls/188285841