About 3243 Kearney Street

VA Assumable loan at 3.75% Ask Agents for Information! Turnkey fourplex in Northeast Park Hill offering a compelling opportunity for investors and owner-occupants alike. The property currently generates $8,445/month in gross scheduled rental income, sitting at a 5.12% cap rate and all four units thoughtfully updated and maintained. The unit mix includes two 3-bedroom units and two 2-bedroom units, providing strong rental versatility and broad tenant appeal. One unit will be delivered vacant at closing, creating an immediate opportunity for an owner-occupant to live on-site while benefiting from income from the remaining units, or for an investor to reposition the unit at market rent.

Significant improvements have been completed throughout 2024–2026, including new windows, interior doors, paint, blinds, LED lighting, appliances, electrical breakers, central air conditioning, exterior paint and siding, professional landscaping, a new paver patio, and updated safety features. Additional unit-specific improvements include restored hardwood flooring, a professionally remodeled bathroom, and a remodeled kitchen.

The oversized detached 2-car garage offers an additional value-add opportunity, with approximately 676 SF already framed for a potential ADU/fifth unit and electrical wiring pulled through the existing framing. Buyer to verify zoning, permitting, feasibility, and all development requirements with the City and County of Denver. The property also offers at least five off-street parking spaces.

Residents are separately metered for gas and electric, while water, sewer, and trash are billed back to the units at a 25% share each. With strong existing rental income, extensive recent renovations, multiple off-street parking spaces, potential ADU upside, and the flexibility to occupy one unit, this property offers a rare combination of immediate cash-flow potential and future value-add opportunity in Northeast Park Hill.

Property details

Property

Type: Quadruplex
MLS type: Residential Income
Status: Active
Year built: 1955
Stories: 2
Living area: 7,545 sqft
Price / sqft: $172
MLS #: 7898418

Interior

Features: Bath/Stubbed, Finished, Full
Appliances: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
Flooring: Wood
Heating: Forced Air
Cooling: Central Air
Laundry: Common Area, In Unit, Multiple Locations

Exterior & lot

Roof: Composition
Lot: Level

Schools

District: Denver 1
Elementary: Smith Renaissance
Middle: McAuliffe International
High: East

Utilities

Sewer: Public Sewer

Financial

Annual tax: $6,285
Parcel: 1292-28-006
Special conditions: None Known

Location

Subdivision: Northeast Park Hill
County: Denver

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3243 Kearney Street