$975,000

Estimated payment $5,691/month

Total Views 1,626
8 Beds
4 Baths
3,200 Sq Ft
$305 Price per Sq Ft

Highlights

  • No HOA
  • 1-Story Property
  • Heating System Uses Steam
  • Bradley Elementary School Rated A-
  • Forced Air Heating System
  • Level Lot

About This Home

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.

Listing Agent

Charles Burkhart

Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. Brokerage Email: charles.burkhart@marcusmillichap.com,214-336-6064 License #100103787 Listed on: 05/28/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,923

Year Built

  • Built in 1966

Lot Details

  • Level Lot

Parking

  • 8 Parking Spaces

Home Design

  • Quadruplex
  • Brick Exterior Construction

Interior Spaces

  • 3,200 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Schools

  • Bradley Elementary School
  • Hamilton Middle School
  • Thomas Jefferson High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Steam

Community Details

  • No Home Owners Association
  • Eastgate Filing No. Three Subdivision

Listing and Financial Details

  • Assessor Parcel Number 6293-07-042

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,923

Year Built

Built in 1966

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Structure Type: Quadruplex
  • Levels: One
  • Year Built: 1966
  • Above Grade Finished Sq Ft: 3200
  • Exclusions: n/a
  • Living Area: 3200
  • SubdivisionName: Eastgate Filing No. Three
  • Ownership: Individual
  • Property Attached Yn: No
  • REC_RVSpaces: 0
  • Special Features: None

Interior Features

  • Basement: No
  • Total Bedrooms: 8

Exterior Features

  • Roof: Unknown
  • Construction Materials: Brick

Garage/Parking

  • Attached Garage: No
  • Total Parking Spaces: 8
  • Unit Numberof Parking Per Unit: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Heating: Forced Air, Steam

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: Hamilton

Lot Info

  • Parcel Number: 6293-07-042
  • Building Area Total: 3200
  • Lot Features: Level

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 4923

MLS Schools

  • Elementary School: Bradley
  • High School: Thomas Jefferson

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $4,856 $63,480 $14,960 $14,960
2024 $4,923 $62,160 $10,530 $51,630
2023 $4,817 $62,160 $10,530 $51,630
2022 $4,049 $50,920 $9,620 $41,300
2021 $3,995 $53,540 $10,120 $43,420
2020 $3,560 $47,980 $10,120 $37,860
2019 $3,460 $47,980 $10,120 $37,860
2018 $2,893 $37,400 $10,190 $27,210
2017 $2,885 $37,400 $10,190 $27,210
2016 $2,429 $29,790 $6,758 $23,032
2015 $2,327 $29,790 $6,758 $23,032
2014 $2,123 $25,560 $5,174 $20,386
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
05/28/2026 05/28/26 For Sale $975,000 -- $305 / Sq Ft
Source: REcolorado®

Source: REcolorado®

MLS Number: 9026504

REcolorado®

APN: 06293-07-042-000

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