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Joseph Mills

joseph.mills@mpgroupre.com +1(720) 955-0963

$799,000

Est. payment - /mo

6 Beds

2,984 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,984 sqft

Price per Sqft $267

Subdivision Villa Park

MLS Listing ID 2777251

Bedrooms 6

HOA Y/N No

Abv Grd Liv Area 1,067

Year Built 1943

Annual Tax Amount $3,729

Tax Year 2024

Lot Size 0.287 Acres

Acres 0.29

Property Sub-Type Triplex

Source recolorado

Property Description

Priced reduced again to attract strong interest! This is now priced below market for a quick sale! Seller is open to reviewing all offers. Triplex and Covered Land Play with Strong In-Place Income on a Rare 12,500 SF Double Lot. 1000 Tennyson St is a 3-unit situated on an oversized 12,500 SF double lot in one of Denver's rapidly evolving urban corridors. This asset offers investors a compelling combination of stable cash flow today and significant future development upside. The property consists of three updated residential units plus a detached garage, generating $75,180 in annual gross income and $65,003 in NOI, equating to a 8.14% cap rate at the list price. All units have been updated over the ownership, providing immediate operational stability with minimal near-term capital requirements. Beyond the high cap rate/cash flowing income, the true value lies in the land. The oversized double lot creates a clear and executable path for redevelopment. By right, an investor can split the lot and construct two duplexes (4 total units) without rezoning. For those seeking higher density, the City has indicated the potential to develop up to 20 units with a successful rezoning, making this a prime long-term hold or redevelopment opportunity. Whether you're an investor looking to land bank with strong yield, or a developer seeking a scalable infill project in a high-demand Denver location, 1000 Tennyson delivers flexibility, income, and upside.

Location

State CO

County Denver

Zoning E-TU-C

Rooms

Basement Finished

Interior

Heating Forced Air

Cooling Evaporative Cooling

Fireplace N

Exterior

Garage Spaces 2.0

Utilities Available Electricity Connected, Internet Access (Wired), Natural Gas Connected

Roof Type Composition

Total Parking Spaces 4

Garage No

Building

Lot Description Corner Lot, Level

Sewer Public Sewer

Water Public

Level or Stories Multi/Split

Structure Type Frame

Schools

Elementary Schools Cowell

Middle Schools Lake

High Schools North

School District Denver 1

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Listed by Pinnacle Real Estate Advisors

Nearby Locations

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Joseph Mills

+1(720) 955-0963

Broker Associate

1000 N Tennyson ST Denver, CO 80204

Joseph Mills

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Nearby Locations

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