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2397 S Locust, Denver, CO 80222

Denver
Local realty services provided by:CENTURY 21 Community First
2397 S Locust,Denver, CO 80222
$975,000
  • 8 Beds
  • 4 Baths
  • 3,200 sq. ft.
  • Multi-family
  • Active
Listed by: clayton primm
Office: marcus & millichap real estate investment services of atlanta, inc.
MLS#:3078055
Source:ML

Price summary

  • Price:$975,000
  • Price per sq. ft.:$304.69

About this home

2397 S Locust St is a fully renovated, turnkey 4-unit investment in the supply-constrained Virginia Village submarket, offering durable cash flow with minimal near-term capex. The property features modernized interiors that compete with newer products and support strong tenant demand, while in-place rents provide continued upside through organic lease roll without heavy repositioning. Centrally located between Downtown Denver and the Denver Tech Center, the asset benefits from strong commuter appeal, affluent demographics, and a widening rent-versus-own gap that reinforces long-term renter demand. Scarce small-bay competition, combined with optional operational upside through expense optimization, positions the property for stable occupancy, NOI growth, and long-term appreciation.

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Home facts

  • Year built:1966
  • Listing ID #:3078055

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Living area:3,200 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1966
  • Building area:3,200 sq. ft.
  • Construction Materials:Brick
  • Levels:2 Story

Schools

  • High school:Cherry Creek
  • Middle school:West
  • Elementary school:Holly Hills

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$975,000
  • Price per sq. ft.:$304.69
  • Tax amount:$4,923 (2024)

Parking

  • Total parking spaces:8
MLS LogoBased on information submitted to the MLS GRID as of May 16, 2026 02:24 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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