NOT LISTED FOR SALE
8 Beds
9 Baths
4,292 Sq Ft
6,250 Sq Ft Lot

Sale Details

Date Sold: April 16, 2025

Last sale price $1,500,000 $349 Per Sq Ft

55 Days on Market

Highlights

  • No HOA
  • Heating System Uses Steam
  • Level Lot
  • Morey Middle School Rated A

About This Home

As of April 2025

Incredible investment opportunity in the heart of Denver! This 9-unit building, located just a 3-minute drive from Cheesman Park, boasts a strong rental history with 8 out of 9 units currently rented on a month-to-month basis. The property includes eight 1-bedroom, 1-bathroom units and one studio, all of which are highly sought after in this desirable location.

A bonus feature is the 3-car garage in the rear of the property, which has been converted into storage units, offering additional income potential. The units rent exceptionally well, making this property a reliable income generator with incredible possibilities for future development.

Please note: Do not disturb tenants. For more information or to schedule a viewing, please contact the listing agent directly.

Don't miss your chance to own this versatile and promising property in a prime Denver location!

There will not be a SPD as the seller has never lived in the property.

Last Agent to Sell the Property

Jorge Chavez

Remax inMotion Brokerage Email: hello@inmotionre.com,303-763-0876 License #100032662 Listed on: 01/09/2025

Remax inMotion

Co-Listed By

Eny Montoya

Remax inMotion Brokerage Email: hello@inmotionre.com,303-763-0876 License #100099162

Last Buyer's Agent

Kevin Woolsey

MMGREA LLC License #100079114

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,957

Year Built

  • Built in 1940

Lot Details

  • 6,250 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 6 Parking Spaces

Home Design

  • 4,292 Sq Ft Home
  • Bi-Level Home
  • Quadruplex
  • Brick Exterior Construction
  • Concrete Roof

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 9 Bathrooms

Schools

  • Dora Moore Elementary School
  • Morey Middle School
  • East High School

Utilities

  • No Cooling
  • Heating System Uses Steam

Community Details

  • No Home Owners Association
  • Cheesman Park Subdivision

Listing and Financial Details

  • Exclusions: Seller's and tenant's personal property
  • Assessor Parcel Number 5022-17-003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,957

Year Built

Built in 1940

Lot Details

6,250 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadplex
  • Structure Type: Quadruplex
  • Levels: Split Entry (Bi-Level)
  • Year Built: 1940
  • Above Grade Finished Sq Ft: 4292
  • Exclusions: Seller's and tenant's personal property
  • Living Area: 4292
  • SubdivisionName: Cheesman Park
  • Co List Office Mls Id: RECM3242
  • Ownership: Individual
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: PublicRecords
  • REC_RVSpaces: 0
  • Ratio Close Price By Original Li: 0.93750
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Basement: No
  • Total Bedrooms: 8

Exterior Features

  • Roof: Concrete
  • Construction Materials: Brick

Garage/Parking

  • Attached Garage: No
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Steam
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 0.00
  • REC_AssociationFeeTotalAnnual: 0.00

Schools

  • Middle Or Junior School: Morey

Lot Info

  • Parcel Number: 5022-17-003
  • Lot Size Acres: 0.14
  • Building Area Total: 4292
  • Lot Features: Level
  • Lot Size Sq Ft: 6250
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 10957

MLS Schools

  • Elementary School: Dora Moore
  • High School: East

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2025
Closed on
Apr 16, 2025
Sold by
Bought by
Seller's Agent
Jorge Chavez
Remax inMotion
Buyer's Agent
Kevin Woolsey
MMGREA LLC
List Price
$1,600,000
Sold Price
$1,500,000
Premium/Discount to List
-$100,000
-6.25%
Views
33

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,265,000
Interest Rate
0.0663%
Mortgage Type
Construction
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,500,000 None Listed On Document
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,200,000
Closed $1,265,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/16/2025 04/16/25 Sold $1,500,000 -6.3% $349 / Sq Ft
01/09/2025 01/09/25 For Sale $1,600,000 -- $373 / Sq Ft
Source: REcolorado®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,693 $139,780 $23,580 $23,580
2024 $11,199 $141,400 $18,730 $122,670
2023 $10,957 $141,400 $18,730 $122,670
2022 $9,350 $117,570 $22,750 $94,820
2021 $9,224 $123,620 $23,920 $99,700
2020 $8,645 $116,520 $19,930 $96,590
2019 $8,403 $116,520 $19,930 $96,590
2018 $7,499 $96,930 $18,070 $78,860
2017 $7,477 $96,930 $18,070 $78,860
2016 $7,026 $86,160 $16,644 $69,516
2015 $6,731 $86,160 $16,644 $69,516
2014 $4,546 $54,730 $17,416 $37,314
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 2985794

REcolorado®
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