2397 S Locust Street, Denver, CO 80222

$925,000
8
BD
4
BA
3,200
SqFt
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Courtesy of Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. . charles.burkhart@marcusmillichap.com,214-336-6064

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List Price
$925,000
Price Change
▼ $50,000 1782418508
Type
Multifamily
Status
ACTIVE
MLS Number
9026504
Finished Sqft
3,200
Above Grade Sqft
3200
Total Sqft
3200
Subdivision
Eastgate Filing No. Three
Sub-Area
Eastgate Filing No. Three
Year Built
1966
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720-370-3000

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.

720-370-3000
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Additional Information

School District
Denver 1
Elementary School
Bradley
Middle School
Hamilton
High School
Thomas Jefferson
Taxes
$4,923
Tax Year
2024
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