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Jose Cazares

jose.cazares@engelvoelkers.com +1(507) 469-9473

$ 1,095,000

Est. payment -/mo

Save

Price Dropped by $79K

208 S Lincoln ST Denver, CO 80209

5 Beds

4 Baths

3,400 SqFt

Open House

Sat Jun 27, 11:00am - 1:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,400 sqft

Price per Sqft $322

Subdivision West Wash Park

MLS Listing ID 9553238

Style Victorian

Bedrooms 5

HOA Y/N No

Abv Grd Liv Area 2,824

Year Built 1890

Annual Tax Amount $5,540

Tax Year 2025

Lot Size 5,400 Sqft

Acres 0.12

Property Sub-Type Quadruplex

Source recolorado

Property Description

OPEN HOUSE SATURDAY 11AM-1PM (3 UNITS OPEN, look for the red balloons)! STRATEGIC PRICE ADJUSTMENT TO $1,095,000! - 100% TURNKEY MULTI-FAMILY INVESTMENT IN WEST WASH PARK / SOBO - Compelling new pricing update on the iconic Gingerbread House, an exceptionally maintained Victorian quadruplex --bridging West Wash Park and the South Broadway corridor. Repositioned to unlock an immediate 5.65% cap rate, this fully performing asset features low overhead management and 4 coveted, dedicated off-street rear parking spaces --driving top-tier rental rates and tenant retention. - PROVEN INCOME STREAM - Optimized for low-turnover stability, the highly efficient unit mix consists of one 2BR unit with exposed brick, two large 1BR apartments, with beautiful original woodwork, and one spacious studio with a separated kitchen area. Core highlights: 1) Two units fully leased through August 2027 for guaranteed cash flow, with the remaining two units in negotiation to lock in peak market-rate upside. 2) Exceptional track record of tenant retention. 3) Professionally installed soundproof windows on a street-facing bedroom filter out Lincoln Street noise for a quiet interior. Buy with confidence knowing major capital items are done: new waterline, efficient central boiler, updated water panel, whole house backflow valve, and remote water shutoff. - PROPERTY FEATURES & UNBEATABLE LOCATION - Tenants enjoy an amazing shared backyard oasis with a custom pergola, lush grass lawn, flowers, multiple patio sets, and a gas grill—premium incentives ensuring near-zero vacancy. Boasts a phenomenal Walk Score of 97 and a matching Bike Score of 97. Located 2 blocks from the South Broadway strip, tenants can easily walk to Safeway, Natural Grocers, USPS, public library, Snooze, and Burndown. Tenants love all of the close venues and enjoy the straight shot downtown or to I-25 for effortless commuting. Secure a predictable, turnkey revenue engine with generational equity growth. Stop by this Saturday!

Location

State CO

County Denver

Zoning U-TU-B2

Rooms

Basement Crawl Space, Partial

Interior

Interior Features Breakfast Bar, Ceiling Fan(s), Eat-in Kitchen, High Speed Internet, Open Floorplan, Walk-In Closet(s)

Heating Hot Water

Cooling Other

Flooring Carpet, Laminate, Tile, Wood

Fireplaces Number 2

Fireplaces Type Other

Fireplace Y

Appliance Cooktop, Dishwasher, Disposal, Dryer, Freezer, Gas Water Heater, Microwave, Oven, Refrigerator, Self Cleaning Oven, Washer

Laundry Common Area, In Basement

Exterior

Exterior Feature Balcony, Private Yard, Rain Gutters

Parking Features Concrete

Fence Full

Utilities Available Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected

Roof Type Composition

Total Parking Spaces 4

Garage No

Building

Lot Description Level, Near Public Transit, Sprinklers In Front, Sprinklers In Rear

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Brick

Schools

Elementary Schools Lincoln

Middle Schools Merrill

High Schools South

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

Listed by Lightning Realty

NEARBY SCHOOLS & PROPERTIES

Jose Cazares

Advisor | License ID: 100082173

+1(507) 469-9473

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