701 Galapago St Denver, CO 80204
Lincoln Park NeighborhoodEstimated payment $5,756/month
Highlights
- Victorian Architecture
- Sun or Florida Room
- Mud Room
- Bonus Room
- High Ceiling
- No HOA
About This Home
Rare opportunity in Lincoln Park! 701 Galapago St is a versatile multi-unit property on a coveted corner lot offering strong income potential with the flexibility to live in one unit while renting the others. With approximately 3,382 sq ft of living space on a 3,550 sq ft lot, this property is ideal for investors, landlords, house-hackers, or owner-occupants seeking built-in rental income in one of central Denver’s most dynamic neighborhoods. Extensive capital improvements completed in 2022 include new outdoor siding and exterior paint, new windows, new vinyl and wood flooring, new carpet in bedrooms, new bathrooms, new stainless steel appliances, new interior paint, new drywall, and sewer replacement in the basement. Additional system upgrades include replaced furnaces and water heaters, providing enhanced efficiency, comfort, and reduced near-term maintenance. The property features three private-entry units with the following configuration: • Unit A (Ground Level): 3 bed / 2 bath – Rent $2,150
• Unit B (Second Level): 2 bed / 1 bath – Rent $2,000
• Unit C (Basement Level): 2 bed / 1 bath – Rent $1,700 Financial highlights include gross annual income of $70,200, operating expenses of $11,873, and a 5.03% cap rate, offering immediate cash flow with long-term appreciation potential. Located minutes from Downtown Denver, the Santa Fe Art District, parks, restaurants, breweries, shopping, and public transit, this walkable location continues to see strong demand from both tenants and homeowners alike. Whether you are seeking a turnkey investment, planning to house-hack and offset your mortgage, or looking for a centrally located primary residence with income potential, this property delivers exceptional versatility, modern improvements, and long-term value in a rapidly evolving urban corridor.
Listing Agent
Compass - Denver Brokerage Email: nikolina.jugovic@compass.com,720-496-6821 License #100095401 Listed on: 01/14/2026
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,832
Year Built
- Built in 1886 | Remodeled
Lot Details
- 3,350 Sq Ft Lot
- Level Lot
- Property is zoned U-RH-3A
Parking
- 3 Parking Spaces
Home Design
- Victorian Architecture
- Composition Roof
- Wood Siding
- Vinyl Siding
Interior Spaces
- 3-Story Property
- High Ceiling
- Ceiling Fan
- Double Pane Windows
- Mud Room
- Living Room
- Dining Room
- Home Office
- Bonus Room
- Sun or Florida Room
- Utility Room
- Laundry Room
- Vinyl Flooring
- Finished Basement
- 2 Bedrooms in Basement
Kitchen
- Oven
- Range
- Dishwasher
- Disposal
Bedrooms and Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Schools
- Dora Moore Elementary School
- Kipp Sunshine Peak Academy Middle School
- Kipp Denver Collegiate High School
Utilities
- No Cooling
- Forced Air Heating System
Community Details
- No Home Owners Association
- Elmwood Add Subdivision
Listing and Financial Details
- Exclusions: Tenant Personal Property
- Assessor Parcel Number 5036-15-038
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2024 | $3,832 | $48,380 | $17,530 | $30,850 |
| 2023 | $3,749 | $48,380 | $17,530 | $30,850 |
| 2022 | $3,685 | $46,340 | $20,790 | $25,550 |
| 2021 | $3,557 | $47,670 | $21,390 | $26,280 |
| 2020 | $2,853 | $38,450 | $11,320 | $27,130 |
| 2019 | $2,773 | $38,450 | $11,320 | $27,130 |
| 2018 | $2,202 | $28,460 | $10,130 | $18,330 |
| 2017 | $2,195 | $28,460 | $10,130 | $18,330 |
| 2016 | $1,854 | $22,740 | $10,499 | $12,241 |
| 2015 | $1,777 | $22,740 | $10,499 | $12,241 |
| 2014 | $2,130 | $25,650 | $2,826 | $22,824 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/14/2026 01/14/26 | For Sale | $1,050,000 | -- | $328 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Special Warranty Deed | $575,000 | New Title Company Name | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $180,000 | New Conventional |
Source: REcolorado®
MLS Number: 2914933
APN: 5036-15-038
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