3243 Kearney Street
Denver, CO, 80207 $ 1,500,000
Bedrooms10 Baths5.0 Sq 7,545 Monthly Estimate*
$ 9,471
Listed by Serhant Colorado LLC
for $1,500,000 with 10 bedrooms and 5 full baths. This 7,545 square foot home was built in 1955.
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.
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FeaturesGeneralSewer Public Sewer
Heating Forced Air
Cooling Central Air
Roof Composition
Appliances Cooktop Dishwasher Disposal Dryer Microwave Refrigerator Washer
Zoning E-SU-DX
Garage Spaces 0
Construction Materials Block Frame
Exclusions Personal Property
Year Built 1955
Tenant Pays Electricity Gas Internet Trash Collection Water
Levels Two
Property Subtype Quadruplex
Tax Year 2025
Ownership Individual
Gross Income 99840
County Denver
Operating Expense 7982
Property Type Residential Income
HOA N
Attached Garage N
Subdivision Name Northeast Park Hill
Status Active
High School East
City Denver
Senior Community Y/N N
High School District Denver 1
Carport Spaces 0
Listing Terms 1031 Exchange Cash Conventional VA Loan
Elementary School Smith Renaissance
Tax Annual Amount 6285
Middle/Junior High School McAuliffe International
Ok to Lease Other
Structure Type Quadruplex
Standard Status Active
Occupancy Type Tenant
Middle/Junior School District Denver 1
Elementary School District Denver 1
Cap Rate 5.12
Leasehold Rent $/Mo 5845
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InteriorBasement Bath/Stubbed Finished Full
Flooring Wood
Common Walls 1 Common Wall
Basement (Y/N) Y
Above Grade Finished Area 2290
Laundry Features Common Area In Unit Multiple Locations
Total Bedrooms 10
Below Grade Finished Area 5255
Total Baths 5
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ExteriorLot Features Level
Total Parking 5
Building Area Total 7545
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* Excluded FeaturesList BySerhant Colorado LlcBroker
Affordability Calculator
- Monthly Principal & Interest
- $9,471
- Monthly Property Taxes
- $524
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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 NearbyMulti-family listings in Denver, CO
Average List Price $947,522
Percent of Sale Price 37%
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.
732446 Elementary School
1216709 Middle School
East High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/19/2026 | $1,500,000 | | Listed Price |