1547 N High Street

Description

Fully leased 1890 Victorian quadplex in City Park West — Walk Score 92, 5.93% cap rate at list price. Built in 1890, the brick exterior retains its original ornamental detailing: carved corbels, decorative pediments, and a fishscale mansard roofline that sets it apart from anything built in the last century. All four units renovated with white shaker cabinetry, stainless steel appliances, refinished hardwood floors, updated tile baths with subway tile surrounds, and exposed brick accent walls. In-unit washer/dryer included in all units; upper three units also include dishwasher and disposal. Covered front porch faces a canopied, tree-lined streetscape. High ceilings and crown molding throughout. Zoned G-RO-3. Unit mix & current rents: 2-bed/2-bath at $2,895/mo (lease thru Jun 2026); 2-bed/2-bath at $2,695/mo (thru Aug 2026); 2-bed/1-bath at $1,925/mo (thru Mar 2027); basement studio at $1,525/mo (thru Jun 2026). Gross rents: $108,480/yr. NOI approx. $88,980 (verify w/ own due diligence). Tenants pay electricity, gas, cable & trash via direct billing; owner pays water, insurance, and taxes. Three leases rolling Jun–Aug 2026 offer near-term opportunity to reset rents to market. Four off-street parking spaces — a genuine rarity in this part of the city. Fully fenced backyard with paver patio, wood deck, and mature shade trees. Rear steel spiral staircase system connects private balconies on 2nd and 3rd floors and provides independent rear access to each level. Per prior disclosures, major systems updated: electrical, plumbing, HVAC, water heaters, windows, and roof — verify specifics in due diligence. 3,769 total sq ft (3,003 above grade) on a 4,166 sq ft lot. Steps to City Park, Cheesman Park, Colfax Ave dining and nightlife, and Denver's medical corridor. About 35–45 min to DIA.