Well-maintained 4-unit investment opportunity in a centrally located Denver neighborhood with strong rental demand and value-add potential. The property consists of four 2-bedroom, 1-bath units in a two-story, walk-up building with dedicated off-street parking and direct exterior unit entrances.
Three units are currently occupied (all June 1st expirations), providing a new owner to renew current leases, capturing the immediate income, while one unit is vacant and fully renovated, featuring new drywall, fresh paint, new carpet, and updated appliances — ideal for an owner-occupant or to lease at market rent; or provides a new owner an opportunity to not renew the remaining tenants and have a fully vacant 4-unit building to reposition.
The asset offers a compelling blend of in-place cash flow and upside through rent increases, with similar units in the area supporting higher rental rates. Recent improvements and ongoing exterior cleanup enhance the property’s appeal and reduce near-term capital needs.
Located with convenient access to major corridors, public transportation, and neighborhood amenities, this property presents an excellent opportunity for investors seeking a stable, small multifamily asset with operational upside.
For sale
$975,000
1015 S Eliot Street Bldg 1 #4, Denver, CO 80219
8beds
5,043sqft
Quadruplex
Built in 1979
8,029 Square Feet Lot
$941,000 Zestimate®
$193/sqft
$-- HOA
What's special
Two-story walk-up buildingNew drywallFresh paintDirect exterior unit entrancesDedicated off-street parkingOngoing exterior cleanupUpdated appliances
- 116 days |
- 44 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Leroy Lutu leroy@elevationinvest.com,
eXp Realty, LLC
Source: REcolorado as distributed by MLS GRID,MLS#: 9735734
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
- Full bathrooms: 4
- 1/2 bathrooms: 4
- Main level bathrooms: 4
Bedroom
- Level: Upper
Bedroom
- Level: Upper
Bedroom
- Level: Upper
Bedroom
- Level: Upper
Bedroom
- Level: Upper
Bedroom
- Level: Upper
Bedroom
- Level: Upper
Bedroom
- Level: Upper
Bathroom
- Level: Upper
Bathroom
- Level: Upper
Bathroom
- Level: Upper
Bathroom
- Level: Upper
Bathroom
- Level: Main
Bathroom
- Level: Main
Bathroom
- Level: Main
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
- Laundry: In Unit
Features
- Ceiling Fan(s), Laminate Counters, Pantry
- Flooring: Carpet, Vinyl
- Windows: Double Pane Windows, Window Coverings
- Has basement: No
- Common walls with other units/homes: 1 Common Wall,2+ Common Walls
Interior area
- Total structure area: 5,043
- Total interior livable area: 5,043 sqft
- Finished area above ground: 5,043
Property
Parking
- Total spaces: 8
- Parking features: Asphalt
- Details: Off Street Spaces: 8
Features
- Levels: Two
- Stories: 2
- Entry location: Ground
- Patio & porch: Patio
- Exterior features: Garden, Lighting, Private Yard, Rain Gutters
- Has spa: Yes
- Spa features: Spa/Hot Tub
- Fencing: Full
Lot
- Size: 8,029 Square Feet
- Features: Level
- Residential vegetation: Cleared
Details
- Parcel number: 517400131
- Zoning: E-TU-C
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Modular
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Concrete, Frame
- Roof: Unknown
Condition
- Updated/Remodeled
- Year built: 1979
Utilities & green energy
- Electric: Single Phase
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Radon Detector
- Subdivision: Athmar Park
HOA
- Has HOA: No
Location
- Region: Denver
Financial & listing details
- Price per square foot: $193/sqft
- Annual tax amount: $6,545
- Date on market: 4/20/2026
- Listing terms: 1031 Exchange,Cash,Conventional,Farm Service Agency,FHA,Jumbo,Lease Purchase,Other
- Ownership: Corporation/Trust
- Lease term: 12 Months
- Road surface type: Alley Paved, Paved
Estimated market value
$941,000
$894,000 - $988,000
$4,087/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/20/2026 | Listed for sale | $975,000$193/sqft |
Source:  REcolorado as distributed by MLS GRID #9735734 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Athmar Park
Nearby schools
GreatSchools rating
- 6/10Goldrick Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 4/10Kepner Beacon Middle SchoolGrades: 6-8Distance: 0.2 mi
- 1/10Abraham Lincoln High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: Goldrick
- Middle: Kepner
- High: Abraham Lincoln
- District: Denver 1
Source: REcolorado as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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