1533 - 1541 Fairfax Street, Denver, CO
$ 2,990,000
Property Attributes
  • MLS#9402602
  • TypeCommercial
  • CountyDENVER
  • CityDenver
  • Zip80220
  • StyleMid-Century Modern
  • Year Built1949
  • Taxes$ 10008
  • Price$ 2,990,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage9818
  • Lot Size0.28 Acres
Data Source:
REColorado (MTOMLS)
Property Description

This multi-unit complex located in Denver’s South Park Hill neighborhood comprises four townhomes and one duplex, each recently fully renovated to modern standards. Spread over a total area of 9,818 sq ft on a combined 12,218 sq ft lot, this property offers enhanced living spaces and a sound investment potential. Property Details: Renovations: The properties have been updated with new roofs, efficient furnaces, modern kitchens including new appliances, contemporary flooring throughout, quartz countertops, jacuzzi tubs, and new tankless hot water heaters. Unit Configuration: Townhomes: Each townhome features 3 bedrooms and 2 bathrooms, providing ample space for families or shared living arrangements. Duplex: The upper unit consists of 2 bedrooms and 1 bathroom, while the lower unit has 1 bedroom and 1 bathroom, ideal for different rental needs. Rental Income: Projected gross annual income is $231,504, with the townhomes projected rental income for $3,818 each and the duplex units contributing a total of $4,010 per month . Outdoor Features: Two of the units have a private yard and an irrigation system, enhancing the outdoor living experience. Location: Centrally located with a high Walk Score of 79, the property is in proximity to essential amenities and public transportation. Offered at $2,990,000, this collection represents a significant investment opportunity in one of Denver’s most sought-after areas.

Price History
4/19/2024 Listed $2,990,000

General Features

Sewer Public Sewer
Utilities Electricity Available,Electricity Connected,Natural Gas Available,Natural Gas Connected
Possession Closing/DOD
Roof Composition
Zoning U-TU-C
Garage Spaces 5
Architectural Style Mid-Century Modern
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Construction Materials Brick,Concrete
Year Built 1949
Electric 110V,220 Volts
Tenant Pays Cable TV,Electricity,Gas,Internet,Telephone,Trash Collection,Water
Stories 1
Property SubType Multi-Family
Tax Year 2022
Current Use Multi-Family,Residential
County Denver
Property Type Commercial Sale
Attached Garage No
Energy Efficient Water Heater
Status Active
Directions *****For navigation to the location,both Google Maps and Waze are reliable options. However,please ensure you enter 1537 Fairfax specifically,and NOT 1537 N Fairfax,as both navigation apps may in
City Denver
Buyer Agent Compensation 2.8
Total Units 6
Lot Size Square Feet 12218
Street Name Fairfax
Listing Terms Cash,Conventional
Tax Annual Amount 10008
NumberOfUnitsVacant 6
Leasable Area 9818
Lease Considered Y/N No
Virtual Tour
Structure Type Low Rise (1-3)
Standard Status Active
Occupancy Type Vacant
Cap Rate 5.79
Buyer Agent Compensation Type %

Interior Features

Street Suffix Street

Exterior Features

Lot Features Irrigated,Sprinklers In Front
Water Source Public
Total Parking 5
Lot Size Area 12218
Building Area Total 9818
Lot Size Acres 0.28
Road Surface Type Paved
Lot Size Units Square Feet
Road Frontage Type Public
Road Responsibility Public Maintained Road


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 80220

AVG $1.88M
AVG $17,965
AVG 103
Data Provided by Inside Real Estate®
Year Built
AVG 1953