Date
Details
Price
Change
Source
8/31/2017
Sold
$587,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/12
$975,000
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1/12
Property Description
2397 S Locust St is a fully renovated, turnkey 4-unit investment in the supply-constrained Virginia Village submarket, offering durable cash flow with minimal near-term capex. The property features modernized interiors that compete with newer products and support strong tenant demand, while in-place rents provide continued upside through organic lease roll without heavy repositioning. Centrally located between Downtown Denver and the Denver Tech Center, the asset benefits from strong commuter appeal, affluent demographics, and a widening rent-versus-own gap that reinforces long-term renter demand. Scarce small-bay competition, combined with optional operational upside through expense optimization, positions the property for stable occupancy, NOI growth, and long-term appreciation.
Full Property Details
Full Property Details for 2397 S Locust
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General
- Price: $975,000
- Taxes: $4,923 (2024)
- Status: Active
- Type: Multi-Family
- Source: MetroList_Colorado
- MLS ID: 3078055
- Updated: 5/12/2026
- Added to Site: 7 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 8
Parking
- Total Spaces: 8
Location
- County: Denver
- Subdivision: Eastgate Filing No. Three
School Information
- Elem School District: Cherry Creek 5
- Midd School District: Cherry Creek 5
- High School District: Cherry Creek 5
- Elementary School: Holly Hills
- Middle School: West
- High School: Cherry Creek
Community
- Pets Allowed: Yes
Heating & Cooling
- Cooling Type: Other
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
Structural Information
- Structure Type: Quadruplex
- Construction: Brick
- Square Feet: 3,200
- Living Area: 3,200 Sq. Ft.
- Year Built: 1966
Lot Features
- Zoning: S-MU-3
Financial Considerations
- Tax Amount: $4,923
- Tax Year: 2024
- Terms: Other
Disclosures and Reports
- Ownership: Individual
- Special Conditions: None
- Legal Description: EASTGATE NO.3 B34 PT L7 DAF BEG SE COR L7 N 58.56FT W132.25FT S 58.55FT E 132.24FT TPOB EXC BEG SE COR L7 N 4FTSW 5.66FT E 4FT TPOB AND EXC THE W 8FT
- Property ID: 6293-07-042
Listed by Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.
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Listing agent
— 2397 S Locust —
Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.
adam.lewis@marcusmillichap.com
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 2397 S Locust
School District:Denver County School District 1
| Name | Grades | Distance |
|---|---|---|
Bradley Elementary School 3051 South Elm Street, Denver, CO 80222 | K-5 | 1 mi |
Hamilton Middle School 8600 East Dartmouth Avenue, Denver, CO 80231 | 6-8 | 1.5 mi |
Thomas Jefferson High School 3950 South Holly Street, Denver, CO 80237 | 9-12 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2397 S Locust
Tax History
Tax History for 2397 S Locust
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,923
—
$63,480
2%
2024
$4,923
2%
$62,160
—
2023
$4,817
21%
$62,160
22%
2021
$3,995
—
$50,920
-5%
2021
$3,995
12%
$53,540
12%
2020
$3,560
3%
$47,980
—
2019
$3,460
20%
$47,980
28%
2018
$2,893
—
$37,400
—
2017
$2,885
19%
$37,400
26%
2016
$2,429
4%
$29,790
—
2015
$2,327
10%
$29,790
17%
2014
$2,123
—
$25,560
—
2013
$2,124
—
$25,560
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2397 S Locust
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- Multi-Family
- Active
- 8Total Beds
- 0.14Acres
- MLS # 6032844
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- Townhouse
- Active
- Updated 3 days ago
- 2Beds
- 2Total Baths
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- 6Beds
- 3Total Baths
- 3,010Sq. Ft.
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- Single Family
- Active
- Updated 4 days ago
- 4Beds
- 4Total Baths
- 3,626Sq. Ft.
- MLS # 7783403
Listed by Keller Williams DTC
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- Updated 12 hours ago
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- 1Total Bath
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- Condo
- Active
- Updated 2 days ago
- 2Beds
- 3Total Baths
- 1,109Sq. Ft.
- MLS # 5975363
Listed by Your Castle Realty LLC
- Commercial Multi-Family
- Active
- Updated 5 days ago
- 4,752Sq. Ft.
- 12Parking Spaces
- MLS # 8916375
Listed by Kaufman Hagan
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- Single Family
- Closed
- 5Beds
- 4Total Baths
- 3,502Sq. Ft.
- MLS # 1726530
Listed by HomeSmart Realty
Sold by Non Mls Participant
Sold by Non Mls Participant
- Single Family
- Closed
- 4Beds
- 4Total Baths
- 3,062Sq. Ft.
- MLS # 7470614
Listed by Compass - Denver
Sold by Eric Tack
Sold by Eric Tack
- Single Family
- Closed
- 5Beds
- 3Total Baths
- 3,700Sq. Ft.
- MLS # 9879821
Listed by Fixed Rate Real Estate, LLC
Sold by Milehimodern
Sold by Milehimodern
- Single Family
- Closed
- Updated 1 day ago
- 4Beds
- 3Total Baths
- 3,104Sq. Ft.
- MLS # 2728527
Listed by Shift Real Estate LLC
Sold by Lark & Key Real Estate
Sold by Lark & Key Real Estate
2397 S Locust, Denver, CO 80222 (MLS# 3078055) is a Multi-Family property with units containing 8 bedrooms and 0 full bathrooms. 2397 S Locust is currently listed for $975,000 and was received on May 12, 2026. Want to learn more about 2397 S Locust? Do you have questions about finding other Multi-Family real estate for sale in Five Points? You can browse all Five Points real estate or contact a Coldwell Banker agent to request more information.