Rare opportunity in Lincoln Park! 701 Galapago St is a versatile multi-unit property on a coveted corner lot offering strong income potential with the flexibility to live in one unit while renting the others. With approximately 3,382 sq ft of living space on a 3,550 sq ft lot, this property is ideal for investors, landlords, house-hackers, or owner-occupants seeking built-in rental income in one of central Denver’s most dynamic neighborhoods.
Extensive capital improvements completed in 2022 include new outdoor siding and exterior paint, new windows, new vinyl and wood flooring, new carpet in bedrooms, new bathrooms, new stainless steel appliances, new interior paint, new drywall, and sewer replacement in the basement. Additional system upgrades include replaced furnaces and water heaters, providing enhanced efficiency, comfort, and reduced near-term maintenance.
The property features three private-entry units with the following configuration:
• Unit A (Ground Level): 3 bed / 2 bath – Rent $2,150
• Unit B (Second Level): 2 bed / 1 bath – Rent $2,000
• Unit C (Basement Level): 2 bed / 1 bath – Rent $1,700
Financial highlights include gross annual income of $70,200, operating expenses of $11,873, and a 5.03% cap rate, offering immediate cash flow with long-term appreciation potential.
Located minutes from Downtown Denver, the Santa Fe Art District, parks, restaurants, breweries, shopping, and public transit, this walkable location continues to see strong demand from both tenants and homeowners alike.
Whether you are seeking a turnkey investment, planning to house-hack and offset your mortgage, or looking for a centrally located primary residence with income potential, this property delivers exceptional versatility, modern improvements, and long-term value in a rapidly evolving urban corridor.
For sale
$1,050,000
701 Galapago Street, Denver, CO 80204
6beds
3,198sqft
Single Family Residence
Built in 1886
3,350 Square Feet Lot
$996,800 Zestimate®
$328/sqft
$-- HOA
What's special
- 7 days
- 112
- 3
Zillow last checked:
Listing updated:
Listed by:
Nikolina Jugovic 720-496-6821 nikolinaj21@icloud.com,
Real Broker, LLC DBA Real
Source: REcolorado as distributed by MLS GRID,MLS#: 6715532
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 1
- 3/4 bathrooms: 3
- Main level bathrooms: 2
- Main level bedrooms: 2
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Upper
Bedroom
- Level: Upper
Bedroom
- Level: Basement
Bedroom
- Level: Basement
Bathroom
- Level: Main
Bathroom
- Level: Main
Bathroom
- Level: Upper
Bathroom
- Level: Basement
Bonus room
- Description: Unfinished
- Level: Basement
Dining room
- Level: Main
Kitchen
- Level: Main
Kitchen
- Level: Upper
Kitchen
- Level: Basement
Laundry
- Level: Main
Living room
- Level: Main
Living room
- Level: Upper
Mud room
- Level: Main
Office
- Level: Main
Sun room
- Level: Upper
Utility room
- Level: Upper
Utility room
- Level: Basement
Heating
- Forced Air
Cooling
- None
Appliances
- Included: Dishwasher, Disposal, Oven, Range, Refrigerator
- Laundry: In Unit
Features
- Ceiling Fan(s), High Ceilings
- Flooring: Vinyl
- Windows: Double Pane Windows
- Basement: Finished
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 3,198
- Total interior livable area: 3,198 sqft
- Finished area above ground: 2,037
- Finished area below ground: 1,161
Property
Parking
- Total spaces: 3
- Details: Off Street Spaces: 3
Features
- Levels: Three Or More
Lot
- Size: 3,350 Square Feet
- Features: Level
Details
- Parcel number: 503615038
- Zoning: U-RH-3A
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Victorian
- Property subtype: Single Family Residence
- Attached to another structure: Yes
Materials
- Vinyl Siding, Wood Siding
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 1886
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: Elmwood Add
HOA
- Has HOA: No
Location
- Region: Denver
Financial & listing details
- Price per square foot: $328/sqft
- Tax assessed value: $668,800
- Annual tax amount: $3,832
- Date on market: 9/14/2026
- Listing terms: 1031 Exchange,Cash,Conventional
- Exclusions: Tenant Personal Property
- Ownership: Individual
- Lease term: 12 Months
- Electric utility on property: Yes
Estimated market value
$996,800
$947,000 - $1.05M
$3,400/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/14/2026 | Listed for sale | $1,050,000$328/sqft |
Source:  REcolorado as distributed by MLS GRID #6715532 Report a problem | ||
| 12/11/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 11/2/2023 | Listed for rent | $2,100+5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/25/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 1/13/2023 | Price change | $2,000-9.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/21/2022 | Price change | $2,200-33.3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/20/2022 | Listed for rent | $3,300$1/sqft |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,832 +2.2% | $47,150 -2.5% |
| 2024 | $3,749 +1.7% | $48,380 -6.2% |
| 2023 | $3,685 +3.6% | $51,560 +11.3% |
| 2022 | $3,557 +24.7% | $46,340 -2.8% |
| 2021 | $2,853 +2.9% | $47,670 +24% |
| 2020 | $2,773 +25.9% | $38,445 -0.7% |
| 2019 | $2,202 | $38,715 +36% |
| 2018 | $2,202 +0.3% | $28,460 |
| 2017 | $2,195 +23.6% | $28,460 +25.2% |
| 2016 | $1,777 -16.6% | $22,740 |
| 2015 | $2,130 0% | $22,740 -11.3% |
| 2014 | $2,131 +27.5% | $25,650 |
| 2013 | $1,671 +17.9% | $25,650 +29% |
| 2012 | $1,418 +5.6% | $19,880 |
| 2011 | $1,342 +2.2% | $19,880 -1.3% |
| 2010 | $1,313 +2.2% | $20,150 |
| 2009 | $1,285 -0.2% | $20,150 +4.7% |
| 2008 | $1,287 -1.2% | $19,240 |
| 2007 | $1,303 +1.1% | $19,240 -1.1% |
| 2006 | $1,288 +19% | $19,460 |
| 2005 | $1,083 +12.8% | $19,460 +12.7% |
| 2003 | $960 +1.9% | $17,270 +7.7% |
| 2002 | $942 | $16,040 +34% |
| 2001 | -- | $11,970 |
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: Lincoln Park
Nearby schools
Schools provided by the listing agent
- Elementary: Dora Moore
- Middle: KIPP Sunshine Peak Academy
- High: KIPP Denver Collegiate High School
- 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.
Similar homes
- $1,025,0005 bd3 ba3k sqft2045 N Emerson Street, Denver, CO 80205For Sale
MLS ID #9885078, Deanna Silva, Compass - Denver. REcolorado as distributed by MLS GRID - $1,050,0003 bd2 ba1.9k sqft1004 S Pennsylvania St, Denver, CO 80209For Sale
MLS ID #1068543, Deviree Vallejo, LIV Sotheby's Intl Realty D. IRES as distributed by MLS GRID - $1,150,0008 bd6 ba3.8k sqft444 Bannock Street, Denver, CO 80204For Sale
MLS ID #9275269, Andy Potarf, Redfin Corporation. REcolorado as distributed by MLS GRID - $949,9996 bd3 ba2.4k sqft1802 W 39th Avenue, Denver, CO 80211For Sale
MLS ID #3488547, Jim Cavoto, Engel & Volkers Denver. REcolorado as distributed by MLS GRID - $750,0004 bd2 ba1.6k sqft1024 Lipan Street, Denver, CO 80204For SaleMLS ID #3829232, Carrie Hill, Rocky Mountain Real Estate Inc. REcolorado as distributed by MLS GRID
- $1,145,0004 bd5 ba2.8k sqft10 S Lincoln Street, Denver, CO 80209For SaleMLS ID #8153277, Katrina Burton, Sierra Vista Realty LLC. REcolorado as distributed by MLS GRID
- $1,190,0006 bd4 ba2.5k sqft2849 W 28th Avenue, Denver, CO 80211For SaleMLS ID #9513003, Jasmine Litvak, Orchard Brokerage LLC. REcolorado as distributed by MLS GRID
- $1,175,0004 bd2 ba2.5k sqft392 S Clarkson Street, Denver, CO 80209For SaleMLS ID #2979818, Steve Novak, LoKation Real Estate. REcolorado as distributed by MLS GRID
- $1,395,0005 bd4 ba3.2k sqft605 N Race Street, Denver, CO 80206For SaleMLS ID #4578649, Kelly Hudson, Compass - Denver. REcolorado as distributed by MLS GRID
- $850,0005 bd3 ba2.1k sqft2439 N Ogden Street, Denver, CO 80205For SaleMLS ID #1625789, Andy Gray, Your Castle Real Estate Inc. REcolorado as distributed by MLS GRID
- $975,0003 bd2 ba1.6k sqft3320 W 33rd Avenue, Denver, CO 80211For SaleMLS ID #2532536, Caitlin Clough, Milehimodern. REcolorado as distributed by MLS GRID
- $948,0004 bd4 ba2.8k sqft1215 E 14th Ave, Denver, CO 80218For SaleMLS ID #1067614, Sally Anderson, Live West Realty. IRES as distributed by MLS GRID
- $1,050,0003 bd3 ba2k sqft2480 Yates Street, Denver, CO 80212For SaleMLS ID #3794654, Mike Gebhardt, Coldwell Banker Realty 14. REcolorado as distributed by MLS GRID
- $935,0004 bd5 ba2.4k sqft478 N Logan Street, Denver, CO 80203For SaleMLS ID #9616331, Eugeny Pomirchy, PMG Realty. REcolorado as distributed by MLS GRID
- $1,175,0003 bd2 ba2k sqft1531 E Alameda Avenue, Denver, CO 80209For SaleMLS ID #5455965, Mariafe Choi, Brokers Guild Homes. REcolorado as distributed by MLS GRID
- $1,165,0005 bd4 ba2.7k sqft1424 Clayton Street, Denver, CO 80206For SaleMLS ID #1638328, Jason Koch, MMGREA LLC. REcolorado as distributed by MLS GRID
- $749,0003 bd2 ba1.9k sqft2140 N Humboldt Street, Denver, CO 80205For SaleMLS ID #2966793, Lindsey Meyer, Compass - Denver. REcolorado as distributed by MLS GRID
- $840,0008 bd4 ba3.5k sqft1035-1037 N Raleigh Street, Denver, CO 80204For SaleMLS ID #8995459, Andrew Goldberg, Compass - Denver. REcolorado as distributed by MLS GRID
- $949,5004 bd2 ba2k sqft2551 Irving Street, Denver, CO 80211For SaleMLS ID #6511896, Candice Saxon, Brokers Guild Real Estate. REcolorado as distributed by MLS GRID
- $985,0004 bd2 ba2k sqft1085 S Adams Street, Denver, CO 80209For SaleMLS ID #5028839, Rebecca Fawcett, LIV Sotheby's International Realty. REcolorado as distributed by MLS GRID
