$1,500,000

3243 Kearney St, Denver, CO 80207

  • 10 beds |
  • 5 baths |
  • 7,545 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1955
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon 5 car garage
  • Property Price Per Square Feet Icon $199/sqft
  • Property List Date Icon Listed 1 day ago

Property Description

VA Assumable loan at 3.75% Ask Agents for Information! Turnkey fourplex in Northeast Park Hill offering a compelling opportunity for investors and owner-occupants alike. The property currently generates $8,445/month in gross scheduled rental income, sitting at a 5.12% cap rate and all four units thoughtfully updated and maintained. The unit mix includes two 3-bedroom units and two 2-bedroom units, providing strong rental versatility and broad tenant appeal. One unit will be delivered vacant at closing, creating an immediate opportunity for an owner-occupant to live on-site while benefiting from income from the remaining units, or for an investor to reposition the unit at market rent. Significant improvements have been completed throughout 2024-2026, including new windows, interior doors, paint, blinds, LED lighting, appliances, electrical breakers, central air conditioning, exterior paint and siding, professional landscaping, a new paver patio, and updated safety features. Additional unit-specific improvements include restored hardwood flooring, a professionally remodeled bathroom, and a remodeled kitchen. The oversized detached 2-car garage offers an additional value-add opportunity, with approximately 676 SF already framed for a potential ADU/fifth unit and electrical wiring pulled through the existing framing. Buyer to verify zoning, permitting, feasibility, and all development requirements with the City and County of Denver. The property also offers at least five off-street parking spaces. Residents are separately metered for gas and electric, while water, sewer, and trash are billed back to the units at a 25% share each. With strong existing rental income, extensive recent renovations, multiple off-street parking spaces, potential ADU upside, and the flexibility to occupy one unit, this property offers a rare combination of immediate cash-flow potential and future value-add opportunity in Northeast Park Hill.

Listing Status:
Active
Data Last Updated:
August 20, 2026 at 2:23PM
Listing Office:
Serhant Colorado LLC : katie.mccaslin@serhant.com,970-402-9329
Listing Agent:
Katherine McCaslin : 970-402-9329
Contact:
katie.mccaslin@serhant.com,970-402-9329
MLS ID:
7898418
  • Appliances: DishwasherRefrigeratorWasherDryerMicrowaveDisposal
  • Basement: FullPartially Finished
  • A/C: Central Air
  • Heating: Forced Air
  • Disability Feature: Level Lot
  • Parking: Off StreetParking spaces: 5
  • Roofing: Composition
  • General: FrameBlockTwo
  • HOA Amenities: Community Laundry
  • Originating MLS: ires
  • School District: Denver District 1
  • County: Denver
  • Zoning: E-SU-DX
  • Sewer: Public Sewer
  • Source: ires
  • Exclusions: Personal Property

This listing courtesy of Katherine McCaslin , Serhant Colorado LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location