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For sale
    • $825,000

    427 S Lincoln Street, Denver, CO 80209

    7beds
    4baths
    2,653sqft
    : 
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    Quadruplex
    Built in 1925
    -- sqft lot
    $788,200 Zestimate®
    $311/sqft
    $-- HOA

    What's special

    Outstanding value-add investment opportunity on a rare double lot in a prime central Denver location! Originally built as a single-family home, this property was converted into a four-unit income property featuring a studio, one-bedroom, two-bedroom, and three-bedroom unit, offering a diverse unit mix and multiple income streams. Three of the four units are currently tenant occupied, providing immediate rental income. The fourth unit, a three-bedroom basement unit, is vacant following foundation repairs and is ready for the next owner to complete the renovation. With the remaining improvements finished, the property offers an excellent opportunity to increase rental income and build additional equity. Situated on a double lot, the property features a large off-street parking area with space for approximately six vehicles—a valuable amenity in central Denver. Conveniently located near South Broadway, downtown Denver, shopping, restaurants, parks, public transportation, and major commuter routes, this property presents an excellent opportunity for investors seeking immediate cash flow with significant upside potential. Property is being sold AS-IS.
    11 days
    |
    166
    |
    3
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Greg Cunningham 303-641-7694 greg@rentgrace.com,

    Grace Management & Invest.

    Source: REcolorado as distributed by MLS GRID,MLS#: 2419981MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 7
      • Bathrooms: 4
      Heating
      • Baseboard
      Cooling
      • None
      Appliances
      • Laundry: None
      Features
      • Flooring: Carpet, Laminate, Linoleum, Vinyl
      • Basement: Finished,Full
      • Common walls with other units/homes: 1 Common Wall
      Interior area
      • Total structure area: 2,653
      • Total interior livable area: 2,653 sqft
      • Finished area above ground: 1,206
      • Finished area below ground: 1,146

      Property

      Parking
      • Total spaces: 7
      • Details: Off Street Spaces: 7
      Features
      • Levels: One
      • Stories: 1
      • Fencing: Partial
      Lot
      • Size: 8,950 Square Feet
      • Features: Level, Near Public Transit
      Details
      • Parcel number: 515109024
      • Zoning: U-TU-B2
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Quadruplex
      • Attached to another structure: Yes
      Materials
      • Frame
      • Roof: Composition
      Condition
      • Year built: 1925

      Utilities & green energy

      • Electric: 110V, 220 Volts
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Connected

      Community & HOA

      Community
      • Subdivision: South Broadway
      HOA
      • Has HOA: No
      Location
      • Region: Denver

      Financial & listing details

      • Price per square foot: $311/sqft
      • Tax assessed value: $878,700
      • Annual tax amount: $4,360
      • Date on market: 7/1/2026
      • Listing terms: 1031 Exchange,Cash,Conventional
      • Exclusions: Tenant Personal Property.
      • Ownership: Individual
      • Electric utility on property: Yes

        Estimated market value

        $788,200

        $749,000 - $828,000

        $2,757/mo

        Price history

        DateEventPrice
        7/1/2026Listed for sale$825,000$311/sqft
        Source: REcolorado as distributed by MLS GRID #2419981 Report a problem
        1/2/2020Listing removed$1,295
        Source: GRACE MANAGEMENT & INVEST. #5753117 Report a problem
        12/19/2019Price change$1,295-4.1%
        Source: GRACE MANAGEMENT & INVEST. #5753117 Report a problem
        11/26/2019Listed for rent$1,350+80%$1/sqft
        Source: GRACE MANAGEMENT & INVEST. #5753117 Report a problem
        4/6/2013Listing removed$750
        Source: Zillow Rental Network Report a problem
        3/29/2013Listed for rent$750-11.8%
        Source: HotPads for Rent Report a problem
        4/20/2012Listing removed$850
        Source: Rentbits Report a problem
        4/13/2012Listed for rent$850+25.9%
        Source: Rentbits Report a problem
        9/12/2011Listing removed$675
        Source: RentNice.com Report a problem
        8/29/2011Listed for rent$675
        Source: RentNice.com Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$4,276 +17.9%$55,190 -5.5%
        2023$3,627 +1.4%$58,430 +25.3%
        2022$3,579 +19%$46,620 -2.8%
        2021$3,006 +2.9%$47,960 +18.3%
        2020$2,922 +16.8%$40,526 -0.7%
        2019$2,502 $40,810 +26.2%
        2018$2,502 +0.3%$32,340
        2017$2,495 +24.7%$32,340 +26.3%
        2016$2,000 +12.3%$25,600
        2015$1,781 0%$25,600 +19.4%
        2014$1,781 $21,440
        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.
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        Climate risks

        Neighborhood: Washington Park West

        Getting around

        90 / 100
        Very Walkable
        62 / 100
        Good Transit
        93 / 100
        Biker's Paradise

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Lincoln
        • Middle: Grant
        • High: South
        • 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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