Homes for sale - 1560 N Gilpin ST, Denver, CO 80218

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Source Home Group

homes@hirethebrokerage.com +1(970) 528-0604

$1,600,000

Est. payment - /mo

6,678 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,678 sqft

Price per Sqft $239

MLS Listing ID 6140914

HOA Y/N No

Year Built 1904

Annual Tax Amount $11,065

Tax Year 2024

Lot Size 9,583 Sqft

Acres 0.22

Property Sub-Type Multi Family

Source recolorado

Property Description

Unlock the upside potential of 1560 Gilpin St., an 8-unit multi-family complex in the highly desirable City Park West neighborhood. Priced at $1,600,000, this property presents a tremendous value-add opportunity, with current below-market rents and room for strategic upgrades to maximize returns. Each unit offers a solid foundation for modern renovations, allowing investors to increase rental income through interior upgrades such as updated kitchens, bathrooms, and contemporary finishes (currently only units 5 & 6 renovated). Situated just minutes from City Park, downtown Denver, and top dining and entertainment options, this location ensures strong tenant demand. With Denver's rental market continuing to thrive, 1560 Gilpin St. is perfectly positioned for long-term appreciation and increased cash flow. Don't miss this chance to capitalize on an underperforming asset with significant growth potential!

Laundry: Shared Common Area in the basement
Parking: 5 garage spaces and two regular spaces
Roof: Good condition - coated in approx 2022
Heat: Radiator (steam heat)
Cooling: No
New plumbing in the bathrooms checked & repaired 2024
Utilities - Electricity and Gas - Paid by Tenants (except units 7 & 8)
Water & Sewer - Owner pays

Location

State CO

County Denver

Zoning G-RO-3

Interior

Fireplace N

Exterior

Exterior Feature Balcony

Garage No

Building

Sewer Community Sewer

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Impact Commercial Real Estate, LLC

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Source Home Group

+1(970) 528-0604

Agent | FA.100072314

Agent FA.100072314

1560 N Gilpin ST Denver, CO 80218

Source Home Group

Key Details

Location

Interior

Exterior

Building

Others

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