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Denver, CO 80222 2397 S Locust

2397 S Locust Denver, CO - Image 12397 S Locust Denver, CO - Image 22397 S Locust Denver, CO - Image 3
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2397 S Locust Denver, CO - Image 42397 S Locust Denver, CO - Image 52397 S Locust Denver, CO - Image 62397 S Locust Denver, CO - Image 72397 S Locust Denver, CO - Image 82397 S Locust Denver, CO - Image 92397 S Locust Denver, CO - Image 102397 S Locust Denver, CO - Image 11
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  • MLS# 3078055
  • 05/12/2026
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  • Beds • 2
  • SQFT • 3,200
  • Garage • 8

Home Details

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.
Presented By: ;

Interior Features for 2397 S Locust

Bedrooms

Total Bedrooms8

Bathrooms

Total Baths4

Other Interior Features

Above Grade Finished Area3200

General for 2397 S Locust

AttributionContactadam.lewis@marcusmillichap.com
Cap Rate5.88
CityDenver
Construction MaterialsBrick
CountyDenver
Elementary SchoolHolly Hills
Exclusionsn/a
Expected Active Date 2026-05-12
Garage Spaces8
HOANo
HeatingForced Air
High SchoolCherry Creek
High School DistrictCherry Creek 5
LevelsTwo
Living Area3200
MLS AreaMetro Denver
MLS Area MinorMetro18/DSE
Middle/Junior High SchoolWest
New ConstructionNo
Number Of Units Total4
Property TypeResidential Income
RoofOther
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameEastgate Filing No. Three
Tax Annual Amount4923.2
Tax Year2024
Year Built1966
ZoningS-MU-3

Exterior for 2397 S Locust

Building Area Total3200
Parking FeaturesOff Street
Total Parking8
Waterfront Y/NNo

Additional Details

Price History

Schools

High School Cherry Creek High School
Middle School West Middle School
Elementary School Holly Hills Elementary School

Nathan Washam

Broker/Owner
Price $975,000
MLS#3078055
List Date 05/12/2026
Property Type Income
Phone 970.988.8295
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