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$789,000 -$36,000 (-4.36%) Price Reduced

  • For Sale
  • Active
  • Multi-Family
  • 2 Total Beds
  • 0.21 Acres
  • Updated 2 days ago
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Outstanding value-add investment opportunity on a rare double lot in a prime central Denver location! Originally built as a single-family home, this property was converted into a four-unit income property featuring a studio, one-bedroom, two-bedroom, and three-bedroom unit, offering a diverse unit mix and multiple income streams. Three of the four units are currently tenant occupied, providing immediate rental income. The fourth unit, a three-bedroom basement unit, is vacant following foundation repairs and is ready for the next owner to complete the renovation. With the remaining improvements finished, the property offers an excellent opportunity to increase rental income and build additional equity. Situated on a double lot, the property features a large off-street parking area with space for approximately six vehicles-a valuable amenity in central Denver. Conveniently located near South Broadway, downtown Denver, shopping, restaurants, parks, public transportation, and major commuter routes, this property presents an excellent opportunity for investors seeking immediate cash flow with significant upside potential. Property is being sold AS-IS.

Full Property Details for 427 S Lincoln St

General

  • Price: $789,000
  • Taxes: $4,360 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: MetroList_Colorado
  • MLS ID: 2419981
  • Updated: 8/20/2026
  • Added to Site: 53 day(s) ago

Interior

  • Flooring: Carpet, Laminate, Linoleum, Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 3

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Laundry: None

Parking

  • Total Spaces: 7
  • Parking Features: Gravel

Location

  • County: Denver
  • Subdivision: South Broadway

School Information

  • Elem School District: Denver 1
  • Midd School District: Denver 1
  • High School District: Denver 1
  • Elementary School: Lincoln
  • Middle School: Grant
  • High School: South

Community

  • Pets Allowed: Yes

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard

Utilities

  • Gas: Yes
  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Connected

Structural Information

  • Structure Type: Quadruplex
  • Construction: Frame
  • Basement: Yes
  • Basement Desc.: Finished, Full
  • Roof: Composition
  • Common Walls: Something Above, Something Below, 1 Common Wall
  • Square Feet: 2,653
  • Sq. Ft. Source: Public Records
  • Living Area: 2,352 Sq. Ft.
  • Year Built: 1925

Lot Features

  • Lot Size (Acres): 0.21
  • Lot Size (Sq. Ft.): 8,950
  • Road Maintenance: Public Maintained Road
  • Fence: Yes
  • Lot Features: Level, Near Public Transit
  • Zoning: U-TU-B2
  • Fencing (Description): Partial

Financial Considerations

  • Tax Amount: $4,360
  • Tax Year: 2025
  • Terms: 1031 Exchange, Cash, Conventional
  • Owner Pays: Electricity, Exterior Maintenance, Gas, Grounds Care, Insurance, Taxes, Trash Collection, Water

Disclosures and Reports

  • Ownership: Individual
  • Special Conditions: None
  • Legal Description: L 10 TO 12 INC EXC REAR 5FT TO CITY BLK 2 POMEROYS SOUTHBROADWAY SUB
  • Exclusions: Tenant personal property.
  • Property ID: 5151-09-024

Listed by Grace Management & Invest.

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Listing agent

— 427 S Lincoln St —

  • Grace Management & Invest.

greg@rentgrace.com,303-641-7694

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 427 S Lincoln St

School District:Denver County School District 1
NameGradesDistance
Lincoln Elementary School, Denver, CO
710 South Pennsylvania Street, Denver, CO 80209
K-50.5 mi
Grant Middle School
1751 South Washington Street, Denver, CO 80210
6-81.6 mi
South High School, Denver, CO
1700 East Louisiana Avenue, Denver, CO 80210
9-121.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Tax History for 427 S Lincoln St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,360
—
$56,990
3%
2024
$4,371
2%
$55,190
—
2023
$4,276
19%
$55,190
21%
2021
$3,579
—
$45,610
-5%
2021
$3,579
19%
$47,960
18%
2020
$3,006
3%
$40,520
—
2019
$2,922
17%
$40,520
25%
2018
$2,502
—
$32,340
—
2017
$2,495
19%
$32,340
26%
2016
$2,088
4%
$25,600
—
2015
$2,000
12%
$25,600
19%
2014
$1,781
—
$21,440
—
2013
$1,781
—
$21,440
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Grace Management & Invest.

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427 S Lincoln Street, Denver, CO 80209 (MLS# 2419981) is a Multi-Family property with units containing 2 bedrooms and 0 full bathrooms. 427 S Lincoln Street is currently listed for $789,000 and was received on July 01, 2026. Want to learn more about 427 S Lincoln Street? Do you have questions about finding other Multi-Family real estate for sale in Denver? You can browse all Denver real estate or contact a Coldwell Banker agent to request more information.

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