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Alex Tooke + Derek Weber

The Alex & Derek Team

hello@alexandderek.com +1(720) 513-9631

$ 1,200,000

Est. payment | -/mo

2,864 SqFt

Save

$ 1,200,000

Est. payment | -/mo

Save

2,864 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,864 sqft

Price per Sqft $418

Subdivision University

MLS Listing ID 6183220

Style Traditional

HOA Y/N No

Abv Grd Liv Area 2,864

Year Built 1951

Annual Tax Amount $7,641

Tax Year 2024

Property Sub-Type Quadruplex

Source recolorado

Property Description

Columbine Manor, located at 1938 S Columbine Street in Denver, Colorado, is a well-maintained four-plex positioned in the heart of the University of Denver rental core, one of the city's most supply-constrained and tenant-driven submarkets. The property benefits from immediate proximity to the University of Denver, a major demand anchor supporting a large and consistent population of students, faculty, staff, and young professionals, which drives strong occupancy, resilient rents, and long-term leasing stability.

Built in 1951, the property consists of three one-bedroom units, and one two-bedroom unit, all with one bathroom. Each unit features in-unit washers and dryers, providing a modern amenity package that aligns well with the expectations of university-adjacent renters. The building also offers both front and rear entrances, private yards, and four garages, an increasingly rare parking amenity in this highly walkable, infill location.

The property is zoned G-MU-3, allowing for higher-density mixed-use development, which creates meaningful long-term upside through potential redevelopment or expansion in a high-barrier, high-demand submarket. Combined with stable in-place cash flow, Columbine Manor offers investors a compelling opportunity to own a University of Denver-anchored multifamily asset with both durable income and future development optionality in one of Denver's most sought-after neighborhoods.

Location

State CO

County Denver

Zoning G-MU-3

Interior

Heating Forced Air

Cooling Evaporative Cooling

Fireplace N

Laundry In Unit

Exterior

Parking Features Concrete

Garage Spaces 4.0

Utilities Available Electricity Connected

Roof Type Composition

Total Parking Spaces 6

Garage Yes

Building

Lot Description Level

Sewer Community Sewer

Water Public

Level or Stories One

Structure Type Brick

Schools

Elementary Schools Denver Green

Middle Schools Merrill

High Schools South

School District Denver 1

Others

Senior Community No

Ownership Individual

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Special Listing Condition None

Listed by Unique Properties LLC

Nearby Locations

MORTGAGE CALCULATOR

Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

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1938 S Columbine ST Denver, CO 80210