$750,000

1600 Steele Street, Denver CO, 80206

Price per sqftN/A

Built in1905

Property typeCommercial

Overview

Under contract

Listed Aug 7, 2026

Updated 1h ago

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.

Additional information

MLS^® ID: 8299990

Interior Features

Basement: No

Exterior Features

Lot Size: 0.11 Acres

Other Property Details

Taxes: $9,235
Tax Frequency: Annually

Listed by American City Real Estate, Jeffrey Joyce, Listing Contact: [email protected]

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