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.
For sale
Price cut: $50K (6/25)
$925,000
2397 S Locust Street, Denver, CO 80222
8beds
4baths
3,200sqft
Quadruplex
Built in 1966
-- sqft lot
$903,900 Zestimate®
$289/sqft
$-- HOA
What's special
Modernized interiorsFully renovated
- 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#: 9026504
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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
| Date | Event | Price |
|---|---|---|
| 6/25/2026 | Price change | $925,000-5.1%$289/sqft |
Source: | ||
| 5/28/2026 | Listed for sale | $975,000-4.9%$305/sqft |
Source: | ||
| 8/8/2025 | Listing removed | $1,025,000$320/sqft |
Source: | ||
| 5/30/2025 | Price change | $1,025,000-2.4%$320/sqft |
Source: | ||
| 5/9/2025 | Listed for sale | $1,050,000+78.9%$328/sqft |
Source: | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 4/13/2019 | Listing removed | $1,300 |
Source: Owner Report a problem | ||
| 3/28/2019 | Listed for rent | $1,300-3.7% |
Source: Owner Report a problem | ||
| 11/10/2018 | Listing removed | $1,350 |
Source: Owner Report a problem | ||
| 10/27/2018 | Price change | $1,350+4.2% |
Source: Owner Report a problem | ||
| 10/9/2018 | Listed for rent | $1,295 |
Source: Owner Report a problem | ||
| 9/20/2017 | Sold | $587,000+77.9%$183/sqft |
Source: Public Record Report a problem | ||
| 11/2/2012 | Sold | $330,000-3.6%$103/sqft |
Source: Public Record Report a problem | ||
| 9/18/2006 | Sold | $342,500$107/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | $25,560 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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
Nearby schools
GreatSchools rating
- 5/10Bradley Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 3/10Hamilton Middle SchoolGrades: 6-8Distance: 1.5 mi
- 6/10Thomas Jefferson High SchoolGrades: 9-12Distance: 1.9 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
- Colorado
- Denver County
- Denver
- 80222
- Goldsmith
- 2397 S Locust Street







