Address
701 Galapago Street, Denver, CO
Price
$ 1,050,000
Property Attributes
- MLS#6715532
- TypeSingle Family
- Listing Status Active
- CountyDENVER
- CityDenver
- NeighborhoodElmwood Add
- Zip80204
- StyleVictorian
- Year Built1886
- Taxes$ 3832
- Price$ 1,050,000
- Bedrooms6
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage3198
- Lot Size0.08 Acres
Data Source:
REColorado (MTOMLS)
Property Description
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.
| Elementary School | Middle School | High School |
|---|---|---|
| Dora Moore Elementary School | KIPP Sunshine Peak Academy Middle School | KIPP Denver Collegiate High School |
| Price History | |
|---|---|
| 9/14/2026 | Listed $1,050,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air |
| Cooling | None |
| Utilities | Electricity Connected |
| Possession | Close Plus 60 to 90 Days,Negotiable,Rental Agreement |
| Roof | Composition |
| Appliances | Dishwasher,Disposal,Oven,Range,Refrigerator |
| Zoning | U-RH-3A |
| Architectural Style | Victorian |
| Security Features | Carbon Monoxide Detector(s),Smoke Detector(s) |
| Construction Materials | Vinyl Siding,Wood Siding |
| Exclusions | Tenant Personal Property |
| Year Built | 1886 |
| Levels | Three Or More |
| Property Subtype | Single Family Residence |
| Tax Year | 2024 |
| Ownership | Individual |
| County | Denver |
| Property Type | Residential |
| HOA | No |
| Attached Garage | No |
| Subdivision Name | Elmwood Add |
| Full Baths | 1 |
| Status | Active |
| High School | KIPP Denver Collegiate High School |
| City | Denver |
| Senior Community Y/N | No |
| High School District | Denver 1 |
| Number Of Units Total | 3 |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 3350 |
| Listing Terms | 1031 Exchange,Cash,Conventional |
| Elementary School | Dora Moore |
| Tax Annual Amount | 3832 |
| Home Warranty Y/N | No |
| Middle/Junior High School | KIPP Sunshine Peak Academy |
| Property Condition | Updated/Remodeled |
| Ok to Lease | 12 Months |
| Structure Type | House |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Middle/Junior School District | Denver 1 |
| Elementary School District | Denver 1 |
Interior Features
| Interior Amenities | Ceiling Fan(s),High Ceilings |
|---|---|
| Basement | Finished |
| Flooring | Vinyl |
| Common Walls | 1 Common Wall |
| Basement (Y/N) | Yes |
| Window Features | Double Pane Windows |
| Above Grade Finished Area | 2037 |
| 3/4 Baths | 3 |
| Laundry Features | In Unit |
| Total Bedrooms | 6 |
| Below Grade Finished Area | 1161 |
| Main Level Bedrooms | 2 |
| Main Level Bathrooms | 2 |
| Total Baths | 4 |
Exterior Features
| Lot Features | Level |
|---|---|
| Water Source | Public |
| Total Parking | 3 |
| Lot Size Area | 3350 |
| Building Area Total | 3198 |
| Lot Size Acres | 0.08 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 80204
Price
Taxes
Year Built
Visits
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The real estate listing information and related content displayed on this site is provided exclusively for consumers� personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by elevateMLS.
