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4489 Grant St, Denver, CO 80216

$700,000
: 5
BD
: 3
BA
: 2,566
SqFt

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Sold Price: $700,000
List Price: $700,000
Closing Date: Mar 05, 2025
Type: Multifamily
Property Sub Type: Triplex
Status: CLOSED
MLS Number: 7233580
Bedrooms: 5
Bathrooms: 3
Sqft Total: 2,566
Year Built: 1894

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Property Description

Introducing an exceptional investment opportunity in Denver, Colorado - 4489 Grant Street. This historic 2,566 SF multi-use building, offers three spacious units in mixed used E-MX-2 zoning. Priced at $700,000 with an as-is 5.15% Cap Rate and first year Cap rate at 6.68% this property presents compelling potential for multifamily or high-rise investors looking to capitalize on Denver's growing market. With concept plans in place, this property provides development opportunities in a prime location. Surrounded by a robust demographic with an average household income of $114,004 within a 1-mile radius, this property is a promising investment. For those seeking a strategic move in the bustling Denver real estate market, 4489 Grant Street stands as a promising venture in a thriving community.

(303) 522-8226

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Additional Information

Lot Size Acres: 0.22
Lot Size Sq Ft: 9,375
Tax Amount: $2,283
Exterior Features: Garden, Private Yard, Rain Gutters
Water Source: Public
Sewer: Public Sewer
Basement Type: Unfinished
Heating: Steam
Cooling: Other
School District: Denver 1
Elementary School: Garden Place
Middle Or Junior School: Mcauliffe Manual
High School: Manual