1560 N Gilpin ST new to site Save Request In-Person Tour Request Virtual Tour
Denver,CO 80218
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,678 sqft
Price per Sqft $239
MLS Listing ID 6140914
HOA Y/N No
Year Built 1904
Annual Tax Amount $11,065
Tax Year 2024
Lot Size 9,583 Sqft
Acres 0.22
Property Sub-Type Multi Family
Source recolorado
Property Description
Unlock the upside potential of 1560 Gilpin St., an 8-unit multi-family complex in the highly desirable City Park West neighborhood. Priced at $1,600,000, this property presents a tremendous value-add opportunity, with current below-market rents and room for strategic upgrades to maximize returns. Each unit offers a solid foundation for modern renovations, allowing investors to increase rental income through interior upgrades such as updated kitchens, bathrooms, and contemporary finishes (currently only units 5 & 6 renovated). Situated just minutes from City Park, downtown Denver, and top dining and entertainment options, this location ensures strong tenant demand. With Denver's rental market continuing to thrive, 1560 Gilpin St. is perfectly positioned for long-term appreciation and increased cash flow. Don't miss this chance to capitalize on an underperforming asset with significant growth potential!
Laundry: Shared Common Area in the basement
Parking: 5 garage spaces and two regular spaces
Roof: Good condition - coated in approx 2022
Heat: Radiator (steam heat)
Cooling: No
New plumbing in the bathrooms checked & repaired 2024
Utilities - Electricity and Gas - Paid by Tenants (except units 7 & 8)
Water & Sewer - Owner pays
Location
State CO
County Denver
Zoning G-RO-3
Interior
Fireplace N
Exterior
Exterior Feature Balcony
Garage No
Building
Sewer Community Sewer
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional