2397 S Locust St is a fully renovated, turnkey 4-unit investment in the supply-constrained Virginia Village submarket, offering durable cash flow with minimal near-term capex. The property features modernized interiors that compete with newer products and support strong tenant demand, while in-place rents provide continued upside through organic lease roll without heavy repositioning. Centrally located between Downtown Denver and the Denver Tech Center, the asset benefits from strong commuter appeal, affluent demographics, and a widening rent-versus-own gap that reinforces long-term renter demand. Scarce small-bay competition, combined with optional operational upside through expense optimization, positions the property for stable occupancy, NOI growth, and long-term appreciation.
Property details
Property
Type
Quadruplex
MLS type
Residential Income
Status
Pending
Year built
1966
Stories
1
Living area
3,200 sqft
Price / sqft
$289
MLS #
9026504
Interior
Heating
Forced Air, Steam
Cooling
Other
Exterior & lot
Lot
Level
Schools
District
Denver 1
Elementary
Bradley
Middle
Hamilton
High
Thomas Jefferson
Utilities
Sewer
Public Sewer
Financial
Annual tax
$4,923
Parcel
6293-07-042
Special conditions
None Known
Location
Subdivision
Eastgate Filing No. Three
County
Denver
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Listed by Charles Burkhart, Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.