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Street View
$1,225,000
Monthly Est:$6,097
-- Bed
-- Bath
3,844sqft
3251-3263 Olive St, Denver, CO 80207
$1,225,000
$6,097/moEst:
Get Pre-Approved
Quadruplex
Built in 1955
$-- HOA
-- sqft lot
$319/sq.ft
Description
3251-3263 Olive St. is an attractive 6-unit apartment building located in the Park Hill neighborhood of Denver. The building features (5) 2Bd/1Ba and (1) 3Bd/1Ba units situated in a side-by-side layout which is always preferred by both tenants and investors. The property is currently 100% occupied with proven stability of income. This listing boasts a current 6.8% cap rate on real income and expenses. With modest rent increases, investors can improve this to a 7.3% cap rate.
Current ownership completed a full overhaul of the property in 2016 including a new roof, full electrical upgrade, new plumbing throughout, new furnaces, in-unit laundry, and full unit remodels. All units have their own gas (separate furnaces) and electric meters which reduce ownership expenses. Tenants enjoy access to their private laundry, 7 parking spaces for the 6 units, and 4 of the units having access to fenced in back yards. For the right investor, this is a high cash flowing deal with no deferred maintenance in a great neighborhood of Denver.
Highlights:
Full property renovation in 2016 including new: roof, full electrical upgrade, furnaces, in-unit laundry, plumbing throughout, and full unit remodels
Premium 2bedroom and 3bedroom floor plans with in-unit laundry
Separately metered for both gas and electric which tenants pay directly
High returns on day 1 of ownership - 6.8% cap rate!
Attractive Park Hill location
- Houzeo last checked: 12 hours ago
- Listing updated: October 8, 2026 at 8:47 pm
- Listing Provided by: Jack Sherman (303) 903-9638 | NorthPeak Commercial Advisors, LLC (720) 738-1944
- Source: DENVER (RE COLORADO) MLS-CO | MLS#: 2104014
Property Details
Status
Pending
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
1955
HOA Fees
-
Finished Area
3,844 sqft
Lot Size
-- sqft lot
Basement Area
- sqft
MLS Name
DENVER (RE COLORADO) MLS
MLS Number
2104014
MLS Status
Pending
Days on Market
8
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Interior
Heating
Floor Furnace
Cooling
Other
Sewer
Public Sewer
Construction
Year Built
Year Built: 1955
Home type
Quadruplex
Roof
Shingle
Construction Materials
Brick
Other Features
Lot Features
Level
Subdivision Name
Elmwood
Price History
| Date | Event | Price |
|---|---|---|
10/05/2026 Source: | Pending | $1,225,000 $319/sqft |
10/01/2026 Source: | Listed for Sale | $1,225,000 $319/sqft |
Northeast Park Hill Ranks #84 in Denver, CO
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