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Source Home Group

admin@sourceofhome.com +1(970) 528-0604

$1,050,000

Est. payment - /mo

8 Beds

4 Baths

4,080 SqFt

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,080 sqft

Price per Sqft $257

Subdivision Middlefield

MLS Listing ID 1661841

Style Traditional

Bedrooms 8

HOA Y/N No

Year Built 1969

Lot Size 4,687 Sqft

Acres 0.11

Property Sub-Type Quadruplex

Property Description

Multifamily investment opportunity that can be combined with the adjacent 4-unit at 1351-1357 Wolff St to create an 8-unit portfolio. Located near 10th Avenue and Sheridan Boulevard, immediately north of Dry Gulch, this fully occupied fourplex is positioned within an area undergoing significant multi- phase redevelopment.
The property features four 2-bedroom, 1-bath units with quality rental- grade updates in most units and separately metered utilities. Multiple value-add opportunities exist through future rent growth, potential laundry income, and additional income from the detached two-car garage. Major improvements include a newer roof in 2023, two boilers replaced in 2024 and 2025, two new water heaters in 2021 and 2025, and new swamp coolers in 2021 and 2024. The 4,687 square-foot lot features a meticulously landscaped yard with decorative black metal fencing and additional off-street parking.
Adjacent to Dry Gulch, residents have convenient access to its walking and biking path, along with the nearby 10th & Sheridan light rail station providing connections to downtown Denver and other destinations. Sloan's Lake, Edgewater Public Market offering restaurants, shops, nightlife, and recreational amenities are also nearby. Ongoing transit-oriented investment and neighborhood redevelopment provide strong long-term demand and appreciation potential.
The neighboring 4-unit at 1351–1357 Wolff Street is also available, creating an opportunity to assemble 8 units together for improved operating efficiency, management economies of scale, and enhanced exit optionality. Sold together is preferred, but available individually.

Location

State CO

County Denver

Zoning U-RH-3A

Interior

Interior Features Ceiling Fan(s), Laminate Counters

Heating Steam

Cooling Evaporative Cooling

Flooring Carpet, Linoleum, Vinyl

Appliance Gas Water Heater, Range, Range Hood, Refrigerator

Exterior

Exterior Feature Lighting

Garage Spaces 2.0

Fence Full

Utilities Available Electricity Connected, Natural Gas Connected

Waterfront Description Public

Roof Type Composition

Porch Covered, Front Porch

Private Pool No

Building

Lot Description Level, Sprinklers In Front, Sprinklers In Rear

Story Two

Sewer Public Sewer

Water Public

Architectural Style Traditional

Schools

School District Elementary: Denver 1, Middle/Junior: Denver 1, High: Denver 1

Others

Senior Community No

Tax ID 5062-12-030

Special Listing Condition None Known

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Listed byWest Peak Properties

Nearby School & Business

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Source Home Group

+1(970) 528-0604

Agent FA.100072314

1359 Wolff ST Denver, CO 80204

Source Home Group

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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