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… Read More 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. Read Less
Courtesy of Real Broker, LLC DBA Real [email protected],720-496-6821
Listing Snapshot
Days Online
14
Last Updated
Property Type
Single Family Residence
Beds
6
Full Baths
4
Square Ft.
3,198
Lot Size
0.08 Acres
Year Built
1886
MLS Number
6715532
Additional Details
Appliances & Equipment
Dishwasher, Disposal, Oven, Range, Refrigerator
Basement
Finished
Building
Built in 1886, Living area: 3198, Levels: Three Or More, Construction Materials: Vinyl Siding, Wood Siding
Listings courtesy of METROLIST, INC., DBA RECOLORADO® as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.
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