1437 Columbine St Active Save Request In-Person Tour Request Virtual Tour
Denver,CO 80206
Key Details
Property Type Single Family Home
Sub Type Income Property
Listing Status Active
Purchase Type For Sale
Square Footage 4,912 sqft
Price per Sqft $376
Subdivision Congress Park
MLS Listing ID 6990012
Bedrooms 6
HOA Y/N false
Abv Grd Liv Area 5,480
Year Built 1905
Annual Tax Amount $7,378
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Income Property
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
Area Metro Denver
Zoning U-RH-3A
Rooms
Basement Full,Partially Finished,Walk-Out Access,Daylight
Interior
Interior Features Cathedral/Vaulted Ceilings,Pantry,Walk-In Closet(s)
Heating Hot Water
Cooling Wall/Window Unit(s)
Fireplaces Type 2+ Fireplaces
Fireplace true
Appliance Self Cleaning Oven,Dishwasher,Refrigerator,Bar Fridge,Washer,Dryer,Microwave,Freezer,Disposal
Laundry Common Area
Exterior
Exterior Feature Gas Grill,Balcony
Garage Spaces 3.0
Fence Fenced
Utilities Available Electricity Available
View City
Roof Type Composition
Handicap Access Level Lot
Porch Patio
Building
Lot Description Lawn Sprinkler System,Level,Historic District
Faces East
Story 2
Sewer City Sewer,Public Sewer
Water City Water
Level or Stories Bi-Level
Structure Type Brick/Brick Veneer
New Construction false
Schools
Elementary Schools Teller
Middle Schools Morey
High Schools East
School District Denver 1
Others
Senior Community false
SqFt Source Assessor
Special Listing Condition Private Owner
Virtual Tour https://u.listvt.com/mls/188285841