701 Galapago Street
Denver, CO, 80204 $ 975,000
Bedrooms6 Baths4.0 Sq 3,198 Monthly Estimate*
$ 6,734
Listed by Real Broker, LLC DBA Real
for $975,000 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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FeaturesGeneralLiving Area 3198
Sewer Public Sewer
Heating Forced Air
Cooling None
Utilities Electricity Connected
Roof Composition
Appliances Dishwasher Disposal Oven Range Refrigerator
Zoning U-RH-3A
Garage Spaces 0
Architectural Style Victorian
Construction Materials Vinyl Siding Wood Siding
Year Built 1886
Levels Three Or More
Property Subtype Single Family Residence
Parcel Number 5036-15-038
County Denver
Property Type Residential
HOA N
Attached Garage N
Subdivision Name Elmwood Add
Full Baths 1
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
Elementary School Dora Moore
Property Attached Y/N Y
Tax Annual Amount 3832
Middle/Junior High School KIPP Sunshine Peak Academy
Standard Status Active
Middle/Junior School District Denver 1
Elementary School District Denver 1
Freehold IDX
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InteriorInterior Amenities Ceiling Fan(s) High Ceilings
Basement Finished
Flooring Vinyl
Window Features Double Pane Windows
Half Baths 0
3/4 Baths 3
Laundry Features In Unit
Total Bedrooms 6
Total Baths 4
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ExteriorLot Features Level
Water Source Public
Lot Size Area 3350
Lot Size Acres 0.08
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* Excluded FeaturesList ByReal Broker, Llc Dba RealBroker
nikolinaj21@icloud.com,720-496-6821Contact
Affordability Calculator
- Monthly Principal & Interest
- $6,734
- Monthly Property Taxes
- $319
- 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 NearbySingle family listings in Denver, CO
Average List Price $935,752
Percent of Sale Price 4%
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 |
|---|
| 10/16/2026 | $975,000 | -7.14% | Price Down |
| 9/14/2026 | $1,050,000 | | Listed Price |