This meticulously maintained 4-unit apartment building, built in 1890, presents a unique investment opportunity in Denver's desirable SoBo neighborhood, bordering West Wash Park. The 3,400 square foot property sits on a 5,400 square foot lot and boasts an attractive unit mix: two 1-bedroom units, one 2-bedroom unit, and a studio apartment. Each unit features a private entrance, reserved parking (4 spaces total), and access to a charming courtyard. The property benefits from recent upgrades, including new plumbing lines and a new boiler (2021), contributing to its low-maintenance nature. Interior features blend original ornate woodworking and antique fireplaces with modern kitchen and bathroom finishes, creating highly desirable rental units. The property enjoys a strong rental income, currently generating a NOI of $53,171 (Pro-Forma NOI: $61,570), representing a 5.20% cap rate. Its prime location offers easy access to downtown, Cherry Creek, and the Denver Tech Center, with the Alameda Light Rail Station a short walk away. The vibrant SoBo neighborhood provides diverse dining, shopping, and nightlife options. The property's Walk Score of 97 reflects its exceptional convenience and desirability. The asking price is $1,195,000 ($298,750 per unit, $351 per square foot). The permitted zoning is U-TU -B. This property is ideal for both owner-occupants and traditional investors seeking a strong return in a highly sought-after Denver location.
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Greg Johnson
Conner Piretti
Austin Bengford
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208 Lincoln St, Denver, Colorado, 80209
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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208 Lincoln St
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