Price Reduction
Address
3243 Kearney Street, Denver, CO
Price
$ 1,380,000
Property Attributes
- MLS#7898418
- TypeMulti-Family
- Listing Status Active
- CountyDENVER
- CityDenver
- NeighborhoodNortheast Park Hill
- Zip80207
- StyleQuadruplex
- Year Built1955
- Taxes$ 6285
- Price$ 1,380,000
- Bedrooms10
- Full Bathrooms5
- Half Bathrooms0
- Sqr Footage7545
Data Source:
REColorado (MTOMLS)
Property Description
VA Assumable loan at 3.75% Ask Agents for Information! Turnkey fourplex in Northeast Park Hill offering a compelling opportunity for investors and owner-occupants alike. The property currently generates $8,445/month in gross scheduled rental income, sitting at a 5.12% cap rate and all four units thoughtfully updated and maintained. The unit mix includes two 3-bedroom units and two 2-bedroom units, providing strong rental versatility and broad tenant appeal. One unit will be delivered vacant at closing, creating an immediate opportunity for an owner-occupant to live on-site while benefiting from income from the remaining units, or for an investor to reposition the unit at market rent. Significant improvements have been completed throughout 2024–2026, including new windows, interior doors, paint, blinds, LED lighting, appliances, electrical breakers, central air conditioning, exterior paint and siding, professional landscaping, a new paver patio, and updated safety features. Additional unit-specific improvements include restored hardwood flooring, a professionally remodeled bathroom, and a remodeled kitchen. The oversized detached 2-car garage offers an additional value-add opportunity, with approximately 676 SF already framed for a potential ADU/fifth unit and electrical wiring pulled through the existing framing. Buyer to verify zoning, permitting, feasibility, and all development requirements with the City and County of Denver. The property also offers at least five off-street parking spaces. Residents are separately metered for gas and electric, while water, sewer, and trash are billed back to the units at a 25% share each. With strong existing rental income, extensive recent renovations, multiple off-street parking spaces, potential ADU upside, and the flexibility to occupy one unit, this property offers a rare combination of immediate cash-flow potential and future value-add opportunity in Northeast Park Hill.
| Elementary School | Middle School | High School |
|---|---|---|
| Smith Renaissance Elementary School | McAuliffe International Middle School | East High School |
| Price History | |
|---|---|
| 8/19/2026 | Listed $1,500,000 |
| 9/8/2026 | 4$1,450,000 |
| 9/21/2026 | 5$1,380,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air |
| Cooling | Central Air |
| Roof | Composition |
| Appliances | Cooktop,Dishwasher,Disposal,Dryer,Microwave,Refrigerator,Washer |
| Zoning | E-SU-DX |
| Construction Materials | Block,Frame |
| Exclusions | Personal Property |
| Year Built | 1955 |
| Tenant Pays | Electricity,Gas,Internet,Trash Collection,Water |
| Levels | Two |
| Property Subtype | Quadruplex |
| Tax Year | 2025 |
| Ownership | Individual |
| Gross Income | 99840 |
| County | Denver |
| Operating Expense | 7982 |
| Property Type | Residential Income |
| HOA | No |
| Attached Garage | No |
| Subdivision Name | Northeast Park Hill |
| Status | Active |
| High School | East |
| City | Denver |
| Senior Community Y/N | No |
| High School District | Denver 1 |
| Listing Terms | 1031 Exchange,Cash,Conventional,VA Loan |
| Elementary School | Smith Renaissance |
| Tax Annual Amount | 6285 |
| Middle/Junior High School | McAuliffe International |
| Ok to Lease | Other |
| Structure Type | Quadruplex |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Middle/Junior School District | Denver 1 |
| Elementary School District | Denver 1 |
| Cap Rate | 5.12 |
| Leasehold Rent $/Mo | 5845 |
Interior Features
| Basement | Bath/Stubbed,Finished,Full |
|---|---|
| Flooring | Wood |
| Common Walls | 1 Common Wall |
| Basement (Y/N) | Yes |
| Above Grade Finished Area | 2290 |
| Laundry Features | Common Area,In Unit,Multiple Locations |
| Total Bedrooms | 10 |
| Below Grade Finished Area | 5255 |
| Total Baths | 5 |
Exterior Features
| Lot Features | Level |
|---|---|
| Total Parking | 5 |
| Building Area Total | 7545 |
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 80207
Price
Taxes
Year Built
Visits
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