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$975,000

Est. payment - /mo

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8 Beds

4 Baths

3,200 SqFt

New

2397 S Locust Denver, CO 80222

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Jerid Wempen

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

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,200 sqft

Subdivision Eastgate Filing No. Three

MLS Listing ID IRE9026504

Bedrooms 8

HOA Y/N No

Year Built 1966

Annual Tax Amount $4,923

Tax Year 2024

Source ires

Property Description

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 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.

Location

State CO

County Denver

Community Eastgate Filing No. Three

Area Metro Denver

Zoning R-2-A

Interior

Heating Forced Air

Exterior

Parking Features Off Street

Garage Spaces 8.0

View Y/N No

Roof Type Other

Garage Yes

Building

Lot Description Level

Sewer Public Sewer

Level or Stories One

Structure Type Brick

New Construction false

Schools

Elementary Schools Bradley

Middle Schools Hamilton

High Schools Denver District 1

School District Denver District 1

Others

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Private Owner

Information and Real Estate Services (IRES)

Listed by Charles Burkhart

NEARBY SCHOOL & BUSINESS

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Jerid Wempen

Broker

+1(720) 297-4020