Address
427 S Lincoln Street, Denver, CO
Price
$ 789,000
Property Attributes
- MLS#2419981
- TypeMulti-Family
- Listing Status Active
- CountyDENVER
- CityDenver
- NeighborhoodSouth Broadway
- Zip80209
- StyleQuadruplex
- Year Built1925
- Taxes$ 4360
- Price$ 789,000
- Bedrooms2
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage2653
- Lot Size0.21 Acres
Data Source:
REColorado (MTOMLS)
Property Description
Outstanding value-add investment opportunity on a rare double lot in a prime central Denver location! Originally built as a single-family home, this property was converted into a four-unit income property featuring a studio, one-bedroom, two-bedroom, and three-bedroom unit, offering a diverse unit mix and multiple income streams. Three of the four units are currently tenant occupied, providing immediate rental income. The fourth unit, a three-bedroom basement unit, is vacant following foundation repairs and is ready for the next owner to complete the renovation. With the remaining improvements finished, the property offers an excellent opportunity to increase rental income and build additional equity. Situated on a double lot, the property features a large off-street parking area with space for approximately six vehicles—a valuable amenity in central Denver. Conveniently located near South Broadway, downtown Denver, shopping, restaurants, parks, public transportation, and major commuter routes, this property presents an excellent opportunity for investors seeking immediate cash flow with significant upside potential. Property is being sold AS-IS.
| Elementary School | Middle School | High School |
|---|---|---|
| Lincoln Elementary School | Grant Middle School | South High School |
| Price History | |
|---|---|
| 7/1/2026 | Listed $825,000 |
| 8/20/2026 | 5$789,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Baseboard |
| Cooling | None |
| Utilities | Electricity Connected,Internet Access (Wired),Natural Gas Connected,Phone Connected |
| Possession | Closing/DOD,Subject To Tenant Rights |
| Roof | Composition |
| Zoning | U-TU-B2 |
| Construction Materials | Frame |
| Exclusions | Tenant personal property. |
| Year Built | 1925 |
| Electric | 110V,220 Volts |
| Levels | One |
| Property Subtype | Quadruplex |
| Tax Year | 2025 |
| Ownership | Individual |
| Gross Income | 58000 |
| OwnerPays | Electricity,Exterior Maintenance,Gas,Grounds Care,Insurance,Taxes,Trash Collection,Water |
| County | Denver |
| Property Type | Residential Income |
| HOA | No |
| Attached Garage | No |
| Subdivision Name | South Broadway |
| Status | Active |
| High School | South |
| City | Denver |
| Senior Community Y/N | No |
| High School District | Denver 1 |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 8950 |
| Listing Terms | 1031 Exchange,Cash,Conventional |
| Elementary School | Lincoln |
| Tax Annual Amount | 4360 |
| Home Warranty Y/N | No |
| Middle/Junior High School | Grant |
| Structure Type | Quadruplex |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Middle/Junior School District | Denver 1 |
| Elementary School District | Denver 1 |
Interior Features
| Basement | Finished,Full |
|---|---|
| Flooring | Carpet,Laminate,Linoleum,Vinyl |
| Common Walls | Something Above,Something Below,1 Common Wall |
| Basement (Y/N) | Yes |
| Above Grade Finished Area | 1206 |
| Laundry Features | None |
| Total Bedrooms | 2 |
| Below Grade Finished Area | 1146 |
| Total Baths | 3 |
Exterior Features
| Fencing | Partial |
|---|---|
| Parking Features | Gravel |
| Lot Features | Level,Near Public Transit |
| Water Source | Public |
| Total Parking | 7 |
| Lot Size Area | 8950 |
| Building Area Total | 2653 |
| Lot Size Acres | 0.21 |
| Road Responsibility | Public Maintained Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 80209
Price
Taxes
Year Built
Visits
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