Address
1600 Steele Street, Denver, CO
Price
$ 950,000
Property Attributes
- MLS#8299990
- TypeCommercial
- Listing Status Active
- CountyDENVER
- CityDenver
- Zip80206
- StyleDenver Square
- Year Built1905
- Taxes$ 9235
- Price$ 950,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage7472
- Lot Size0.11 Acres
Data Source:
REColorado (MTOMLS)
Property Description
Exceptional opportunity in highly desirable South City Park! A 4,690sf corner lot zoned U-TU-O with UO-3 overlay offers incredible potential for live on, investors or developers looking to build equity through renovation. Whether you’re envisioning a thoughtful remodel, expansion, or redevelopment, the flexible zoning offers many possibilities. Priced well below replacement cost! This Denver Square has been thoughtfully converted into 7 apartments, 2- 2 beds, 5- 1 beds. Numerous charming and elegant Victorian details have been preserved, adding character to the living spaces. Heat is provided by a central boiler. Gas & electricity are separately metered and laundry is on site. The most compelling element of this asset is the significant upside in the rents. With strong management and targeted improvements, the property is ideal for an owner-occupant or investor, producing cash flow, tax write-offs and growth. 1600 Steele is on a tree-lined street surrounded by established homes, one block to City Park, the ultimate back yard! Easy access to Cherry Creek, Colfax Redevelopment, downtown Denver, and major thoroughfares. A rare chance to secure an asset with value-add potential in a great neighborhood!
| Price History | |
|---|---|
| 8/7/2026 | Listed $1,195,000 |
| 9/24/2026 | 21$950,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Utilities | Cable Available,Electricity Available,Electricity Connected,Internet Access (Wired),Natural Gas Available,Natural Gas Connected,Sewer Connected |
| Possession | Closing/DOD |
| Roof | Shingle,Rolled/Hot Mop |
| Zoning | U-TU-B UO-3 |
| Architectural Style | Denver Square |
| Security Features | Carbon Monoxide Detector(s),Smoke Detector(s) |
| Construction Materials | Brick,Frame |
| Year Built | 1905 |
| Electric | 110V,220 Volts |
| Tenant Pays | Cable TV,Electricity,Gas,Internet,Telephone |
| Stories Count | 2 |
| Property Subtype | Multi Family |
| Tax Year | 2025 |
| Current Use | Multi-Family |
| Gross Income | 111000 |
| OwnerPays | Taxes,Trash Collection,Water |
| County | Denver |
| Operating Expense | 65944 |
| Property Type | Commercial Sale |
| Attached Garage | No |
| Building Features | Coin Laundry,Storage |
| Status | Active |
| City | Denver |
| Number Of Units Total | 7 |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 4687 |
| Listing Terms | Cash,Conventional |
| Tax Annual Amount | 9235 |
| NumberOfUnitsVacant | 2 |
| Structure Type | Low Rise (1-3) |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Cap Rate | 4.7 |
Exterior Features
| Parking Features | Gravel |
|---|---|
| Lot Features | Corner Lot |
| Water Source | Public |
| Lot Size Area | 4687 |
| Building Area Total | 7472 |
| Lot Size Acres | 0.11 |
| Road Surface Type | Paved |
| Road Frontage Type | Public,Year Round |
| 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 Commercial Average in 80206
Price
Taxes
Year Built
Visits
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