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Belen Alcaraz

belenalcarazrealty@gmail.com +1(720) 253-5309

$ 799,000

Est. payment | -/mo

6 Beds

3 Baths

2,120 SqFt

Save

$ 799,000

Est. payment | -/mo

Save

6 Beds

3 Baths

2,120 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,120 sqft

Price per Sqft $376

Subdivision Villa Park

MLS Listing ID 2777251

Bedrooms 6

HOA Y/N No

Year Built 1943

Lot Size 0.287 Acres

Acres 0.29

Property Sub-Type Triplex

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

Exterior

Garage Spaces 2.0

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

Waterfront Description Public

Roof Type Composition

Private Pool No

Building

Lot Description Corner Lot, Level

Story Multi/Split

Sewer Public Sewer

Water Public

Schools

School District Elementary: Denver 1, Middle/Junior: Denver 1, High: Denver 1

Others

Senior Community No

Tax ID 5064-09-004

Special Listing Condition None Known

Listed byPinnacle Real Estate Advisors

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(720) 253-5309

belenalcarazrealty@gmail.com

5445 DTC Pkwy #450, Greenwood Village, CO 80111, USA

1000 N Tennyson ST Denver, CO 80204