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$924,000

Est. payment - /mo

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8 Beds

4 Baths

3,320 SqFt

Price Dropped by $1K

903 Wolff ST Denver, CO 80204

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Jerid Wempen

jwempen81@hotmail.com +1(720) 297-4020

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,320 sqft

Price per Sqft $278

Subdivision Smedely’S

MLS Listing ID 1948142

Bedrooms 8

HOA Y/N No

Abv Grd Liv Area 1,660

Year Built 1962

Annual Tax Amount $5,971

Tax Year 2024

Lot Size 6,350 Sqft

Acres 0.15

Property Sub-Type Quadruplex

Source recolorado

Property Description

Price slashed more than 5% - act now. 903 Wolff Street is a TURNKEY fully leased, four-unit corner asset delivering a 7.2% in-place cap rate with interest rates at a three-year low - strong stabilized income, right now. A lengthy list of updates and upgrades by current owner = less deferred maintenance = MORE CASH FLOW FOR YOU! E-TU-C zoning on an oversized lot with alley access adds long-term redevelopment optionality you won't find at this price point.The location sells itself: blocks from the W Line light rail and West Colfax, minutes to Sloan's Lake, Edgewater Public Market, and the Highlands - the kind of walkable connectivity that keeps units full. The building backs it up: 8 beds / 4 baths across four units with major CapEx already done - high-efficiency Weil-McLain boiler (2021), newer roof, fresh exterior paint (2026), and double-pane windows throughout. Unit 901B was fully remodeled in 2025 with LVP flooring, quartz countertops, and stainless appliances. Add a refreshed laundry room with front-load W/D and a three-car garage for added income upside.The 1 bed unit lease ends 6/30 and both 2 bed units have leases ending 8/31 - ideal timing to push rents or house hack in one of Denver's hottest corridors. Cap Rate Calculation is done based on ACTUAL rents, taxes and insurance and 7.2% is ACCURATE. Opportunities like this don't wait.

Location

State CO

County Denver

Zoning E-TU-C

Rooms

Basement Finished, Full

Interior

Interior Features Open Floorplan

Heating Baseboard, Steam

Cooling Air Conditioning-Room, None

Flooring Carpet, Tile, Vinyl, Wood

Fireplace N

Appliance Dishwasher, Microwave, Oven, Range, Refrigerator

Laundry Common Area, In Basement

Exterior

Exterior Feature Lighting, Private Yard, Rain Gutters

Garage Spaces 3.0

Fence Partial

Utilities Available Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Available

Roof Type Composition

Total Parking Spaces 7

Garage No

Building

Lot Description Corner Lot, Landscaped, Level

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Brick

Schools

Elementary Schools Cowell

Middle Schools Strive Lake

High Schools North

School District Denver 1

Others

Senior Community No

Ownership Individual

Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, Other

Listing Terms 1031 Exchange, Cash, Conventional, FHA, Other

Special Listing Condition None

Listed by Milehimodern

NEARBY SCHOOL & BUSINESS

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Jerid Wempen

Broker

+1(720) 297-4020