About 2397 S Locust St
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.
Features of 2397 S Locust St
| MLS® # | 9026504 |
|---|---|
| Price | $925,000 |
| Bedrooms | 8 |
| Bathrooms | 4.00 |
| Square Footage | 3,200 |
| Year Built | 1966 |
| Type | Residential Income |
| Status | Active |
Community Information
| Address | 2397 S Locust St |
|---|---|
| Area | Denver |
| Subdivision | Eastgate Filing No. Three |
| City | Denver |
| County | Denver |
| State | CO |
| Zip Code | 80222 |
Amenities
| Parking Spaces | 8 |
|---|---|
| Parking | Off Street |
| # of Garages | 8 |
| Garages | Off Street |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air |
|---|---|
| Fireplace | No |
| Stories | One |
Exterior
| Lot Description | Level |
|---|---|
| Roof | Other |
| Construction | Brick |
School Information
| District | Denver District 1 |
|---|---|
| Elementary | Bradley |
| Middle | Hamilton |
| High | Thomas Jefferson |
Additional Information
| Days on Market | 35 |
|---|---|
| Zoning | R-2-A |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Charles Burkhart |
|---|---|
| Office | Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. |