1024 Lipan Street, Denver, CO 80204

$750,000
: 3
BD
: 2
BA
: 1,687
SqFt

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List Price: $750,000
Type: Multifamily
Property Sub Type: Duplex
Status: ACTIVE
MLS Number: 3829232
Architectural Style: Victorian
Structural Style: Victorian
Bedrooms: 3
Bathrooms: 2
Sqft Total: 1,687
Neighborhood: Lincoln Park
Year Built: 1885

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Property Description

Exceptional opportunity to own a rare up/down duplex in Denver’s highly desirable Lincoln Park neighborhood. Whether you're looking for a house hack, multigenerational property, or long-term investment, this property offers multiple income & ownership strategies. The property includes two self-contained 2-bedroom, 1-bath units , detached oversized 2-car garage. 3,750 sq.ft. lot zoned U-TU-B offering potential for future redevelopment as a new duplex, subject to zoning & city requirements. Historic character includes etched glass above the front door, high ceilings & original charm, complemented by modern updates. The sun-filled living room features wood floors & opens to a dining area & updated kitchen w/new cabinetry & granite countertops. 2 bedrooms share a beautifully renovated custom-tile full bath, in-unit laundry. 1 bedroom provides private access to the fenced backyard. Estimated rental potential is $2,750–$3,000/month. The upper-level unit offers 2 bedrooms, 2nd custom-tile full bath, in-unit laundry, a spacious eat-in kitchen that opens to the living room. A private balcony provides neighborhood views & a glimpse of the sun setting behind the foothills. The unit is currently leased at $1596/month. The detached oversized 2-car garage adds another valuable income opportunity and is currently leased to a tenant. Keep it as an income-producing asset, reserve it for personal use, or offer it to future tenants. Outdoor space includes a large covered front porch and a private fenced backyard with firepit—perfect for entertaining or relaxing. Electric baseboard heat serves both units. Walkable Lincoln Park location near Auraria Campus, downtown Denver, and the Santa Fe Arts District. Enjoy easy access to restaurants, entertainment, transit, and the many amenities of central Denver. Buyers to independently verify financing eligibility, rental income, zoning, redevelopment potential, and all property information.

(303) 522-8226

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Additional Information

View: City
Lot Size Acres: 0.09
Lot Size Sq Ft: 3,750
Tax Amount: $3,423
Tax Year: 2024
Exterior Features: Balcony, Fire Pit, Private Yard
Sewer: Public Sewer
Flooring: Tile, Vinyl, Wood
Heating: Baseboard, Electric
Cooling: Air Conditioning-Room
School District: Denver 1
Elementary School: Greenlee
Middle Or Junior School: KIPP Sunshine Peak Academy
High School: Compassion Road Academy
Parking Total Searchable: 2
Parking Features: Concrete, Exterior Access Door, Oversized, Storage