Beth Erickson Sand Denver Real Estate Agent - 720.353.2384
Denver Condo ManiaMLS: 2914933 $1,050,000
6 Bedrooms with 4 Baths701 GALAPAGO ST DENVER CO 80204
DENVER CO 80204MLS: 2914933
Status: ACTIVE
List Price: $1,050,000
Price per SQFT: $328
Square Footage: 31986 Bedrooms
4 Baths
Year Built: 1886
Zip Code: 80204
Listing Remarks
Rare opportunity in Lincoln Park! 701 Galapago St is a versatile multi-unit property on a coveted corner lot offering strong income potential with the flexibility to live in one unit while renting the others. With approximately 3,382 sq ft of living space on a 3,550 sq ft lot, this property is ideal for investors, landlords, house-hackers, or owner-occupants seeking built-in rental income in one of central Denver's most dynamic neighborhoods. Extensive capital improvements completed in 2022 include new outdoor siding and exterior paint, new windows, new vinyl and wood flooring, new carpet in bedrooms, new bathrooms, new stainless steel appliances, new interior paint, new drywall, and sewer replacement in the basement. Additional system upgrades include replaced furnaces and water heaters, providing enhanced efficiency, comfort, and reduced near-term maintenance. The property features three private-entry units with the following configuration: * Unit A (Ground Level): 3 bed / 2 bath - Rent $2,150 * Unit B (Second Level): 2 bed / 1 bath - Rent $2,000 * Unit C (Basement Level): 2 bed / 1 bath - Rent $1,700 Financial highlights include gross annual income of $70,200, operating expenses of $11,873, and a 5.03% cap rate, offering immediate cash flow with long-term appreciation potential. Located minutes from Downtown Denver, the Santa Fe Art District, parks, restaurants, breweries, shopping, and public transit, this walkable location continues to see strong demand from both tenants and homeowners alike. Whether you are seeking a turnkey investment, planning to house-hack and offset your mortgage, or looking for a centrally located primary residence with income potential, this property delivers exceptional versatility, modern improvements, and long-term value in a rapidly evolving urban corridor.
Address: 701 GALAPAGO ST DENVER CO 80204 DENVER CO 80204
Listing Courtesy of Compass - Denver 303-536-1786
Condo Mania Agent
Beth Sand
LIV Sotheby's International Realty
Broker Associate
Phone: 720.353.2384
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Listing Details
STATUS: Active SPECIAL LISTING CONDITIONS: Private Owner LISTING CONTRACT DATE: 2026-01-14 BEDROOMS: 6 BATHROOMS FULL: 1 BATHROOMS THREE QUARTER: 3 BATHROOMS HALF: 0 LIVING AREA SQ FT: 3198 BUILDING AREA TOTAL: 2037 YEAR BUILT: 1886 TAXES: $3,832 APPLIANCES INCLUDED: Dishwasher, Refrigerator, Disposal ARCHITECTURAL STYLE: Victorian CONSTRUCTION: Vinyl Siding, Wood Siding HEATING: Forced Air COOLING: Ceiling Fan(s) INTERIOR FEATURES: Study Area LAUNDRY FEATURES: Main Level LOT FEATURES: Level # GARAGE SPACES: 3 PROPERTY TYPE: Attached Dwelling PROPERTY SUB TYPE: Attached Dwelling ROOF: Composition LISTING AGENT: NIKOLINA JUGOVIC LISTING OFFICE: COMPASS - DENVER
Estimated Monthly Payments
List Price: $1,050,000 20% Down Payment: $210,000 Loan Amount: $840,000 Loan Type: 30 Year Fixed Interest Rate: 6.5 % Monthly Payment: $5,309 Estimate does not include taxes, fees, insurance.
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Property Location: 701 GALAPAGO ST DENVER CO 80204 DENVER CO 80204
This Listing
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Condo Mania Agent
Beth Sand
LIV Sotheby's International Realty
Broker Associate
Phone: 720.353.2384
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Last Updated: 2026-01-14 04:25:29