701 Galapago Street
Denver, CO, 80204 $ 1,050,000
Bedrooms6 Baths4.0 Sq 3,198 Monthly Estimate*
$ 6,465
Listed by Compass - Denver
for $1,050,000 with 6 bedrooms and 4 full baths. This 3,198 square foot home was built in 1886 on a lot size of 0.08.
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.
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FeaturesInteriorInterior Amenities Ceiling Fan(s) High Ceilings
Basement Finished
Flooring Vinyl
Common Walls 1 Common Wall
Basement (Y/N) Y
Window Features Double Pane Windows
Above Grade Finished Area 2037
Half Baths 0
1/4 Baths 0
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
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GeneralSewer 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
Garage Spaces 0
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 N
Attached Garage N
Subdivision Name Elmwood Add
Full Baths 1
Status Active
High School KIPP Denver Collegiate High School
City Denver
Senior Community Y/N N
High School District Denver 1
Number Of Units Total 3
Lot Size Units Square Feet
Lot Size Square Feet 3350
Carport Spaces 0
Listing Terms 1031 Exchange Cash Conventional
Elementary School Dora Moore
Tax Annual Amount 3832
Middle/Junior High School KIPP Sunshine Peak Academy
Property Condition Updated/Remodeled
Structure Type Triplex
Standard Status Active
Occupancy Type Tenant
Middle/Junior School District Denver 1
Elementary School District Denver 1
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ExteriorLot Features Level
Water Source Public
Total Parking 3
Lot Size Area 3350
Building Area Total 3198
Lot Size Acres 0.08
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $6,465
- Monthly Property Taxes
- $319
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Denver, CO
Average List Price $946,168
Percent of Sale Price 10%
About Denver, CO 24,748 Population
9% Since 2002
$ 36,940 Median Income
38.83 Median Age
13% Households with Children
Trends Information provided by ATTOM Data Solutions.
808378 Elementary School
3404528 Middle School
KIPP Denver Collegiate High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 1/13/2026 | $1,050,000 | | Listed Price |