1437 Columbine Street, Denver, CO 80206

Property Description

Classic 1905 Revival-style triplex in the heart of Denver’s Congress Park, offering 5,480 sq. ft. of income-producing space and timeless character. Configured as three units with 6 bedrooms and 6 bathrooms total, this property blends historic charm with strong investment potential. Unit A spans two levels with 3 beds/3 baths, while Units C and D offer 2-bed/2-bath and 1-bed/1-bath layouts. Current long-term leases generate $1,850–$2,250/month per unit, with projected annual income of $103,000 for full long-term occupancy—or $140,000+ if Unit A is operated as a short-term rental. Estimated cap rate ranges from 5.3%–5.8%, with additional upside through modest updates, utility pass-throughs, or garage/parking income. Recent updates include a new boiler system, city-compliant fire escape, underfloor heating, updated bathrooms in Units A and C, re-landscaped front and back yards with retaining wall, new patio and outdoor lighting, fully automated sprinkler system, smart lighting, CCTV, and electronic keypads. Original details remain throughout—woodwork, stained glass, tile fireplaces, radiators, pocket doors, and a welcoming front porch—elements that attract both long-term tenants and Airbnb guests. Additional highlights: two laundry areas, three off-street parking spaces (with potential for a future garage), and a fully fenced backyard. Prime location in one of Denver’s most walkable neighborhoods—just blocks from City Park, Denver Botanic Gardens, Washington Park, and Colfax Avenue’s dining and nightlife. Stroll to favorites like Shells & Sauce, Chef Zorba’s, and Genesee Coffee, or explore Cherry Creek’s upscale shopping minutes away. Convenient to bus and light rail, plus Rose, National Jewish, St. Joseph’s, and Anschutz hospitals. Zoned for multifamily with potential for single-family conversion (nearby homes trade around $5M) or reconfiguration to four units, this is a rare, flexible asset in a coveted corridor.