For Sale Multi-Family MLS# 2777251

1000 N Tennyson Street

Denver, CO 80204

$799,000

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About 1000 N Tennyson Street

Priced reduced again to attract strong interest! This is now priced below market for a quick sale! Seller is open to reviewing all offers. Triplex and Covered Land Play with Strong In-Place Income on a Rare 12,500 SF Double Lot. 1000 Tennyson St is a 3-unit situated on an oversized 12,500 SF double lot in one of Denver’s rapidly evolving urban corridors. This asset offers investors a compelling combination of stable cash flow today and significant future development upside. The property consists of three updated residential units plus a detached garage, generating $75,180 in annual gross income and $65,003 in NOI, equating to a 8.14% cap rate at the list price. All units have been updated over the ownership, providing immediate operational stability with minimal near-term capital requirements. Beyond the high cap rate/cash flowing income, the true value lies in the land. The oversized double lot creates a clear and executable path for redevelopment. By right, an investor can split the lot and construct two duplexes (4 total units) without rezoning. For those seeking higher density, the City has indicated the potential to develop up to 20 units with a successful rezoning, making this a prime long-term hold or redevelopment opportunity. Whether you’re an investor looking to land bank with strong yield, or a developer seeking a scalable infill project in a high-demand Denver location, 1000 Tennyson delivers flexibility, income, and upside.

Property details

Property

Type
Triplex
MLS type
Residential Income
Status
Active
Year built
1943
Stories
Multi/Split
Living area
2,120 sqft
Price / sqft
$377
Lot
0.29 AC / 12,500 SF
MLS #
2777251

Interior

Features
Finished
Heating
Forced Air
Cooling
Evaporative Cooling

Exterior & lot

Roof
Composition
Lot
Corner Lot, Level
Garage spaces
2

Schools

District
Denver 1
Elementary
Cowell
Middle
Lake
High
North

Utilities

Utilities
Electricity Connected, Internet Access (Wired), Natural Gas Connected
Water
Public
Sewer
Public Sewer

Financial

Annual tax
$3,729
Parcel
5064-09-004
Special conditions
None Known

Location

Subdivision
Villa Park
County
Denver

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Listed by Robert Lawson, Pinnacle Real Estate Advisors

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