Homes for sale - 701 Galapago ST, Denver, CO 80204

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Cody Walker

cody@sourceofhome.com +1(619) 733-2250

$1,050,000

Est. payment - /mo

6 Beds

4 Baths

3,198 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,198 sqft

Price per Sqft $328

Subdivision Elmwood Add

MLS Listing ID 2914933

Style Victorian

Bedrooms 6

Full Baths 1

Three Quarter Bath 3

HOA Y/N No

Abv Grd Liv Area 2,037

Year Built 1886

Annual Tax Amount $3,832

Tax Year 2024

Lot Size 3,350 Sqft

Acres 0.08

Property Sub-Type Single Family Residence

Source recolorado

Property Description

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.

Location

State CO

County Denver

Zoning U-RH-3A

Rooms

Basement Finished

Main Level Bedrooms 2

Interior

Interior Features Ceiling Fan(s), High Ceilings

Heating Forced Air

Cooling None

Flooring Vinyl

Fireplace N

Appliance Dishwasher, Disposal, Oven, Range, Refrigerator

Laundry In Unit

Exterior

Utilities Available Electricity Connected

Roof Type Composition

Total Parking Spaces 3

Garage No

Building

Lot Description Level

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Structure Type Vinyl Siding,Wood Siding

Schools

Elementary Schools Dora Moore

Middle Schools Kipp Sunshine Peak Academy

High Schools Kipp Denver Collegiate High School

School District Denver 1

Others

Senior Community No

Ownership Individual

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition None

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Listed by Compass - Denver

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Cody Walker

+1(619) 733-2250

Agent | FA.100072314

Agent FA.100072314

701 Galapago ST Denver, CO 80204

Cody Walker

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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