2397 S Locust St Denver, CO 80222
Goldsmith NeighborhoodEstimated payment $5,539/month
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
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
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 |
|---|---|---|---|---|
| 06/25/2026 06/25/26 | Price Changed | $925,000 | -5.1% | $289 / Sq Ft |
| 05/28/2026 05/28/26 | For Sale | $975,000 | -- | $305 / Sq Ft |
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $587,000 | First American Title | |
| Warranty Deed | $330,000 | Stewart Title Of Denver Inc | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $342,500 | None Available |
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 | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $424,100 | New Conventional | |
| Previous Owner | $253,000 | Purchase Money Mortgage | |
| Previous Owner | $200,000 | Unknown |
Source: REcolorado®
MLS Number: 9026504
APN: 06293-07-042-000
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