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For sale
  • Price cut: $50K (6/25)
    $925,000

    2397 S Locust Street, Denver, CO 80222

    8beds
    4baths
    3,200sqft
    : 
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    Quadruplex
    Built in 1966
    -- sqft lot
    $903,900 Zestimate®
    $289/sqft
    $-- HOA

    What's special

    Modernized interiorsFully renovated
    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.
    37 days
    |
    289
    |
    24
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Charles Burkhart 214-336-6064 charles.burkhart@marcusmillichap.com,

    Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.

    Source: REcolorado as distributed by MLS GRID,MLS#: 9026504MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 4
      Heating
      • Forced Air, Steam
      Cooling
      • Has cooling: Yes
      Features
      • Has basement: No
      Interior area
      • Total structure area: 3,200
      • Total interior livable area: 3,200 sqft
      • Finished area above ground: 3,200

      Property

      Parking
      • Total spaces: 8
      • Details: Off Street Spaces: 8
      Features
      • Levels: One
      • Stories: 1
      Lot
      • Features: Level
      Details
      • Parcel number: 629307042
      • Zoning: R-2-A
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Quadruplex
      Materials
      • Brick
      • Roof: Unknown
      Condition
      • Year built: 1966

      Utilities & green energy

      • Sewer: Public Sewer

      Community & HOA

      Community
      • Subdivision: Eastgate Filing No. Three
      HOA
      • Has HOA: No
      Location
      • Region: Denver

      Financial & listing details

      • Price per square foot: $289/sqft
      • Tax assessed value: $982,800
      • Annual tax amount: $4,923
      • Date on market: 5/28/2026
      • Listing terms: Conventional,Other
      • Ownership: Individual

        Estimated market value

        $903,900

        $859,000 - $949,000

        $2,052/mo

        Price history

        DateEventPrice
        6/25/2026Price change$925,000-5.1%$289/sqft
        Source: REcolorado as distributed by MLS GRID #9026504 Report a problem
        5/28/2026Listed for sale$975,000-4.9%$305/sqft
        Source: REcolorado as distributed by MLS GRID #9026504 Report a problem
        8/8/2025Listing removed$1,025,000$320/sqft
        Source: IRES as distributed by MLS GRID #1033515 Report a problem
        5/30/2025Price change$1,025,000-2.4%$320/sqft
        Source: IRES as distributed by MLS GRID #1033515 Report a problem
        5/9/2025Listed for sale$1,050,000+78.9%$328/sqft
        Source: IRES as distributed by MLS GRID #1033515 Report a problem
        3/24/2021Listing removed--
        Source: Owner Report a problem
        4/13/2019Listing removed$1,300
        Source: Owner Report a problem
        3/28/2019Listed for rent$1,300-3.7%
        Source: Owner Report a problem
        11/10/2018Listing removed$1,350
        Source: Owner Report a problem
        10/27/2018Price change$1,350+4.2%
        Source: Owner Report a problem
        10/9/2018Listed for rent$1,295
        Source: Owner Report a problem
        9/20/2017Sold$587,000+77.9%$183/sqft
        Source: Public Record Report a problem
        11/2/2012Sold$330,000-3.6%$103/sqft
        Source: Public Record Report a problem
        9/18/2006Sold$342,500$107/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$4,817 +18.9%$62,160 -5.1%
        2023$4,049 +1.4%$65,470 +28.6%
        2022$3,995 +12.2%$50,920 -4.9%
        2021$3,560 +2.9%$53,540 +11.6%
        2020$3,460 +19.6%$47,976 -0.7%
        2019$2,893 $48,312 +29.2%
        2018$2,893 +0.3%$37,400
        2017$2,885 +24%$37,400 +25.5%
        2016$2,327 +9.6%$29,790
        2015$2,123 0%$29,790 +16.5%
        2014$2,124 $25,560

        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.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Goldsmith

        Getting around

        63 / 100
        Somewhat Walkable
        44 / 100
        Some Transit
        75 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Bradley
        • Middle: Hamilton
        • High: Thomas Jefferson
        • 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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