Lease to Own
Address
1015 S Eliot Street # 4, Denver, CO
Price
$ 975,000
Property Attributes
- MLS#9735734
- TypeSingle Family
- Listing Status Active
- CountyDENVER
- CityDenver
- NeighborhoodAthmar Park
- Zip80219
- StyleModular
- Year Built1979
- Taxes$ 6545
- Price$ 975,000
- Bedrooms8
- Full Bathrooms4
- Half Bathrooms4
- Sqr Footage5043
- Lot Size0.18 Acres
Data Source:
REColorado (MTOMLS)
Property Description
Well-maintained 4-unit investment opportunity in a centrally located Denver neighborhood with strong rental demand and value-add potential. The property consists of four 2-bedroom, 1-bath units in a two-story, walk-up building with dedicated off-street parking and direct exterior unit entrances. Three units are currently occupied (all June 1st expirations), providing a new owner to renew current leases, capturing the immediate income, while one unit is vacant and fully renovated, featuring new drywall, fresh paint, new carpet, and updated appliances — ideal for an owner-occupant or to lease at market rent; or provides a new owner an opportunity to not renew the remaining tenants and have a fully vacant 4-unit building to reposition. The asset offers a compelling blend of in-place cash flow and upside through rent increases, with similar units in the area supporting higher rental rates. Recent improvements and ongoing exterior cleanup enhance the property’s appeal and reduce near-term capital needs. Located with convenient access to major corridors, public transportation, and neighborhood amenities, this property presents an excellent opportunity for investors seeking a stable, small multifamily asset with operational upside.
| Elementary School | Middle School | High School |
|---|---|---|
| Goldrick Elementary School | Kepner Middle School | Abraham Lincoln High School |
| Price History | |
|---|---|
| 4/20/2026 | Listed $975,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air |
| Cooling | Central Air |
| Possession | Immediate,Negotiable |
| Roof | Unknown |
| Appliances | Cooktop,Dishwasher,Disposal,Dryer,Microwave,Refrigerator,Washer |
| Zoning | E-TU-C |
| Patio/Porch Features | Patio |
| Architectural Style | Modular |
| Security Features | Radon Detector |
| Construction Materials | Concrete,Frame |
| Exclusions | N/A |
| Year Built | 1979 |
| Electric | Single Phase |
| Levels | Two |
| Unit Number | 4 |
| Property Subtype | Single Family Residence |
| Tax Year | 2024 |
| Current Use | Live/Work |
| Ownership | Corporation/Trust |
| Building Name | S Eliot Four-plex |
| County | Denver |
| Property Type | Residential |
| HOA | No |
| Attached Garage | No |
| Subdivision Name | Athmar Park |
| Facing Direction | Northeast |
| Full Baths | 4 |
| Status | Active |
| High School | Abraham Lincoln |
| City | Denver |
| Entry Location | Ground |
| Senior Community Y/N | No |
| High School District | Denver 1 |
| Number Of Units Total | 4 |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 8029 |
| Listing Terms | 1031 Exchange,Cash,Conventional,Farm Service Agency,FHA,Jumbo,Lease Purchase,Other |
| Elementary School | Goldrick |
| Tax Annual Amount | 6545 |
| Home Warranty Y/N | No |
| Middle/Junior High School | Kepner |
| Property Condition | Updated/Remodeled |
| Ok to Lease | 12 Months |
| Structure Type | Quadruplex |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Middle/Junior School District | Denver 1 |
| Elementary School District | Denver 1 |
| Leasehold Rent $/Mo | 1800 |
Interior Features
| Interior Amenities | Ceiling Fan(s),Laminate Counters,Pantry |
|---|---|
| Flooring | Carpet,Vinyl |
| Furnished Y/N | Unfurnished |
| Common Walls | 1 Common Wall,2+ Common Walls |
| Basement (Y/N) | No |
| Window Features | Double Pane Windows,Window Coverings |
| Above Grade Finished Area | 5043 |
| Half Baths | 4 |
| Laundry Features | In Unit |
| Total Bedrooms | 8 |
| Entry Level | 1 |
| Main Level Bathrooms | 4 |
| Total Baths | 8 |
Exterior Features
| Exterior Amenities | Garden,Lighting,Private Yard,Rain Gutters,Spa/Hot Tub |
|---|---|
| Vegetation | Cleared |
| Fencing | Full |
| Parking Features | Asphalt |
| Lot Features | Level |
| Water Source | Public |
| Total Parking | 8 |
| Lot Size Area | 8029 |
| Building Area Total | 5043 |
| Lot Size Acres | 0.18 |
| Road Surface Type | Alley Paved,Paved |
| Road Frontage Type | Public |
| Road Responsibility | Public Maintained Road |
Amenities
- 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 Single Family Average in 80219
Price
Taxes
Year Built
Visits
In The Neighborhood
Just Listed
Denver
$ 484,900
- Type
- Single Family
- Size
- 1,844 SqFt
- Rooms
- 5 Beds + 2 Baths
Signature Real Estate Corp. #9487053
Short Sale
Denver
$ 460,000
- Type
- Single Family
- Size
- 992 SqFt
- Rooms
- 3 Beds + 1 Baths
HomeSmart #8077222
Denver
$ 429,900
- Type
- Single Family
- Size
- 759 SqFt
- Rooms
- 3 Beds + 1 Baths
Crocker Realty, LLC #3702145
New Construction
Denver
$ 465,000
- Type
- Single Family
- Size
- 1,000 SqFt
- Rooms
- 2 Beds + 2 Baths
GREEN DOOR LIVING REAL ESTATE #3844144
Denver
$ 525,000
- Type
- Single Family
- Size
- 1,716 SqFt
- Rooms
- 5 Beds + 2 Baths
LIV Sotheby's International Realty #4560146
Views
Denver
$ 489,999
- Type
- Single Family
- Size
- 1,062 SqFt
- Rooms
- 3 Beds + 2 Baths
Keller Williams Advantage Realty LLC #8057993
Reduced
Denver
$ 545,288
- Type
- Single Family
- Size
- 1,598 SqFt
- Rooms
- 3 Beds + 2 Baths
Serhant Colorado LLC #2273736
Eco Friendly
Denver
$ 449,999
- Type
- Single Family
- Size
- 942 SqFt
- Rooms
- 3 Beds + 2 Baths
PAK Home Realty #8054422
Views
Denver
$ 569,900
- Type
- Single Family
- Size
- 1,610 SqFt
- Rooms
- 4 Beds + 2 Baths
Megastar Realty #4019494
Reduced
Denver
$ 525,000
- Type
- Single Family
- Size
- 2,170 SqFt
- Rooms
- 3 Beds + 2 Baths
RE/MAX Northwest Inc #4674350
Reduced
Denver
$ 525,000
- Type
- Single Family
- Size
- 1,556 SqFt
- Rooms
- 4 Beds + 2 Baths
Painted Door Properties LLC #6137214
Reduced
Denver
$ 440,000
- Type
- Single Family
- Size
- 1,122 SqFt
- Rooms
- 3 Beds + 1 Baths
Success Realty Experts, LLC #8078100
