3233 N Steele Street
Denver, CO, 80205 $ 1,495,000
Bedrooms-- Baths-- Monthly Estimate*
$ 10,326
Listed by West Peak Properties
for $1,495,000. This building was built in 1951 on a lot size of 0.38.
Opportunities with this combination of land size, unit size, and long-term flexibility are exceptionally hard to find in Denver, especially for this price. Sitting on an extraordinary 16,600 sq ft lot, this 6-unit multi-family property features large 2 and 3 bedroom layouts ranging from 900 to 1,000 sq ft, offering far more livability, privacy, and tenant retention than typical multifamily buildings. Each unit connects only at the corners, meaning no shared walls, windows on all sides, abundant natural light, and a level of privacy that is almost unheard of in a 6-unit asset. The massive lot provides extensive outdoor space, including detached garages, off-street parking for every unit, and a large fenced yard, making this property feel more like a small residential community than a standard multifamily. All units are individually metered for gas and electric, helping keep expenses low and NOI strong. Recent improvements include new furnaces, new water heaters, new gutters, plumbing upgrades, exterior paint, and concrete replacement, creating a profitable and stable asset today with meaningful room for additional income growth through unit improvements, laundry income, garage income, adding ADUs, and light cosmetic enhancements. Located just minutes from City Park, City Park Golf Course, the Denver Zoo, and the Museum of Nature & Science, the surrounding area is filled with newer builds and renovated homes, reinforcing long-term neighborhood value. With U-RH-2.5 zoning and one of the largest multifamily parcels in the neighborhood, this site offers exceptional redevelopment flexibility including the potential for up to 10 townhomes, up to 12 small apartments, or adding ADUs to the existing structure, subject to city approval. Combined with strong in-place income, multiple growth pathways, and a former appraisal of $1,900,000, Steele Street stands out as one of the most versatile and compelling multifamily opportunities available in Denver for this price.
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FeaturesGeneralSewer Public Sewer
Roof Composition
Zoning U-RH-2.5
Garage Spaces 4
Construction Materials Brick
Year Built 1951
Property Subtype Multi Family
Current Use Multi-Family
Parcel Number 2251-46-001
County Denver
Property Type Commercial Sale
HOA N
Attached Garage N
Directions From Martin Luther King Jr. Blvd head north on N Steele St. to 3233 N Steele St which will be on your left.
City Denver
Senior Community Y/N N
Number Of Units Total 6
Lot Size Units Square Feet
Lot Size Square Feet 16600
Carport Spaces 0
Property Attached Y/N N
Tax Annual Amount 7967
Standard Status Active
Freehold IDX
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ExteriorWater Source Public
Lot Size Area 16600
Lot Size Acres 0.38
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* Excluded FeaturesList ByWest Peak PropertiesBroker
jay@westpeakproperties.com,720-495-2412Contact
Affordability Calculator
- Monthly Principal & Interest
- $10,326
- Monthly Property Taxes
- $664
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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 NearbyCommerical listings in Denver, CO
Average List Price $1,690,896
Percent of Sale Price 13%
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.
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/13/2026 | $1,495,000 | | Listed Price |