701 Galapago Street, Denver, CO 80204

• 6 beds |
• 4 baths |
• 3,198 sqft

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.

Listing Status:

Active

Data Last Updated:

March 7, 2026 at 3:21AM

Listing Office:

Compass - Denver : 303-536-1786

Listing Agent:

Nikolina Jugovic : 720-496-6821

MLS ID:

2914933

Interior

• General: Ceiling Fan(s)High Ceilings
• Appliances: DishwasherDisposalOvenRangeRefrigerator
• Laundry: In Unit
• Basement: Finished
• Flooring: Vinyl
• A/C: None
• Heating: Forced Air

Exterior

• Style: Victorian
• Parking: Parking spaces: 3

Construction

• Roofing: Composition
• Windows: Double Pane Windows
• General: Three Or More

Location

• Originating MLS: recolorado
• School District: Denver 1
• County: Denver

Lot

• Zoning: U-RH-3AE 71FT L21 & 22 BLK 8 ELMWOOD ADD5036-15-038

Utilities

• Utilities: Electricity Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: recolorado
• Ownership: Individual
• Exclusions: Tenant Personal Property