**EXCELLENT INVESTMENT OPPORTUNITY!** Don’t miss the chance to add this well-maintained 4-plex to your real estate portfolio and generate additional rental income. This property is in great condition and features four units ready to be rented.
The property offers **three 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit**, providing an attractive unit mix for prospective tenants. Each unit also includes **two spacious parking spaces**, adding convenience and value for residents.
Conveniently located with easy access to **Colfax Avenue**, restaurants, shopping, Edgewater Lake, Wadsworth RTD light rail station and a variety of nearby amenities and entertainment.
Whether you’re looking to expand your investment portfolio or acquire your first multi-family property, this 4-plex offers excellent income potential in a convenient location. **Don’t miss this opportunity—schedule your showing today!**
For sale
$899,000
1597 Reed Street, Denver, CO 80214
7beds
4baths
2,555sqft
Quadruplex
Built in 1963
-- sqft lot
$876,900 Zestimate®
$352/sqft
$-- HOA
What's special
- 4 days |
- 140 |
- 8 |
Zillow last checked:
Listing updated:
Listed by:
Briseida Hernandez 303-523-0789 admin@megastartrealtyco.com,
Megastar Realty
Source: REcolorado as distributed by MLS GRID,MLS#: 4951836
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
Heating
- Floor Furnace
Cooling
- None
Appliances
- Included: Cooktop, Refrigerator
Features
- Has basement: No
- Common walls with other units/homes: 1 Common Wall,2+ Common Walls
Interior area
- Total structure area: 2,555
- Total interior livable area: 2,555 sqft
- Finished area above ground: 2,555
Property
Parking
- Total spaces: 9
- Parking features: Concrete
- Details: Off Street Spaces: 9
Features
- Levels: One
- Stories: 1
Details
- Parcel number: 051326
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Brick
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 1963
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Reed Street Mini Office Condo
HOA
- Has HOA: No
Location
- Region: Lakewood
Financial & listing details
- Price per square foot: $352/sqft
- Tax assessed value: $781,640
- Annual tax amount: $11,063
- Date on market: 8/11/2026
- Listing terms: 1031 Exchange,Cash,Conventional,FHA
- Ownership: Individual
- Tenant pays: Cable TV, Electricity, Gas, Internet, Other, Telephone, Trash Collection, Water
Estimated market value
$876,900
$833,000 - $921,000
$1,934/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/11/2026 | Listed for sale | $899,000+16.8%$352/sqft |
Source:  REcolorado as distributed by MLS GRID #4951836 Report a problem | ||
| 7/29/2026 | Listing removed | $1,800$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/8/2026 | Listed for rent | $1,800+50%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/2/2026 | Sold | $770,000+2.7%$301/sqft |
Source: REcolorado as distributed by MLS GRID #7827816 Report a problem | ||
| 1/21/2026 | Pending sale | $750,000$294/sqft |
Source: REcolorado as distributed by MLS GRID #7827816 Report a problem | ||
| 1/20/2026 | Listed for sale | $750,000+316.7%$294/sqft |
Source: REcolorado as distributed by MLS GRID #7827816 Report a problem | ||
| 8/3/2019 | Listing removed | $1,200 |
Source: TurboTenant Report a problem | ||
| 7/23/2019 | Listed for rent | $1,200 |
Source: TurboTenant Report a problem | ||
| 3/2/2015 | Sold | $180,000$70/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,689 +0.5% | $48,853 +20% |
| 2024 | $3,670 +6% | $40,696 |
| 2023 | $3,463 -3.5% | $40,696 +8.4% |
| 2022 | $3,590 +15.5% | $37,536 -4.9% |
| 2021 | $3,108 | $39,468 +15% |
| 2020 | $3,108 +1.3% | $34,320 |
| 2019 | $3,068 +15.3% | $34,320 +19.2% |
| 2018 | $2,662 -32.6% | $28,800 |
| 2017 | $3,947 -28.7% | $28,800 -54.3% |
| 2016 | $5,534 | $62,959 |
| 2015 | $5,534 | $62,959 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Northeast Lakewood
Nearby schools
GreatSchools rating
- 2/10Lumberg Elementary SchoolGrades: PK-6Distance: 0.6 mi
- 3/10Jefferson High SchoolGrades: 7-12Distance: 0.5 mi
Schools provided by the listing agent
- Elementary: Lumberg
- Middle: Jefferson
- High: Jefferson
- District: Jefferson County R-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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