1437 Columbine St
Denver, CO 80206
1437 Columbine St. · Multifamily Property For Sale · 3 Units

Classic 1905 Revival-style triplex in the heart of Denver’s Congress Park, offering 5,480 sq. ft. of income-producing space and timeless historic character. Configured as three units—6 bedrooms, 6 bathrooms total—this property blends original charm with strong investment potential. Unit A is a spacious 3-bed/3-bath on two levels, Units C and D are well-proportioned 2-bed/2-bath and 1-bed/1-bath residences, respectively. Current long-term leases generate $1,850–$2,250/month each, with projected annual income of $103,000 if all three units are rented long-term, or $140,000+ with consistent short-term rental use of Unit A. Estimated cap rate ranges from 5.3% to 5.8%, with upside potential through modest updates, utility pass-throughs, or parking/garage income.
Recent improvements include a new boiler system, city-compliant fire escape, underfloor heating, updated bathrooms in Units A & C, re-landscaped front yard and backyard with retaining wall, backyard patio and outdoor lighting, fully automated sprinkler system, smart lighting, CCTV and electronic keypad entries. The home retains original woodwork, stained glass, fireplaces with tile surrounds, radiators, pocket doors, and the welcoming front porch—features that appeal to both long-term tenants and Airbnb guests. Additional amenities include two laundry areas, three off-street parking spaces on a rear pad (with potential for garage build), and a fully fenced backyard.
Located in one of Denver’s most walkable neighborhoods, just blocks from City Park, Denver Botanic Gardens, Washington Park, state-of-the-art Carla Madison Recreation Center (“The Gym”) and Colfax Avenue nightlife. Steps to local favorites like Shells & Sauce, Chef Zorba’s, and Genesee Coffee or the Tattered Cover Bookstore and the SIE Film Festival Center with Cherry Creek shopping and dining minutes away. Easy transit options with bus and light rail nearby, plus proximity to Rose, National Jewish, St. Joseph’s, and Anschutz hospitals. Zoned for multifamily but with potential for single-family conversion (homes nearby trade around $5M) or even a 4-unit configuration, this is a flexible asset in a prime corridor.