Local realty services provided by:ERA Teamwork Realty
701 Galapago Street,Denver, CO 80204
$1,050,000
- 6 Beds
- 4 Baths
- 3,198 sq. ft.
- Single family
- Active
Listed by: nikolina jugovicnikolina.jugovic@compass.com,720-496-6821
Office: compass - denver
MLS#:2914933
Source:ML
Price summary
- Price:$1,050,000
- Price per sq. ft.:$328.33
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.
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Home facts
- Year built:1886
- Listing ID #:2914933
Rooms and interior
- Bedrooms:6
- Total bathrooms:4
- Full bathrooms:1
- Living area:3,198 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Composition
- Year built:1886
- Building area:3,198 sq. ft.
- Lot area:0.08 Acres
Schools
- High school:KIPP Denver Collegiate High School
- Middle school:KIPP Sunshine Peak Academy
- Elementary school:Dora Moore
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,050,000
- Price per sq. ft.:$328.33
- Tax amount:$3,832 (2024)
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