Multi-Family $ 799,000

345 S Utica ST

Denver, CO 80219

  • 9 Beds
  • 3 Baths
  • 2,376 SqFt
  • 0.29 Lot Size
  • 1942 Year Built
Exceptional investment opportunity in a prime Denver location just minutes from Belmar and convenient public transportation. This solid brick triplex features three open-floor plan 3-bedroom, 1-bath units, a highly desirable unit mix that supports strong rental demand. Unit 345 is currently rented and tenant is on a month-to-month lease.

Each unit offers a functional layout, in-unit washer and dryer, and a dedicated off-street parking space, providing added convenience for tenants. Two of the three units have been updated with granite countertops and durable LVP flooring, allowing for higher rental income, while the third unit presents additional value-add potential.

Recent capital improvements include a partial replacement of the main sewer line within the last five years, offering peace of mind for future ownership. The property's classic brick construction adds to its long-term durability and low-maintenance appeal.

Additional upside includes the potential to party wall the units and zoning that allows for additional unit development, creating multiple pathways to increase value and maximize returns.

Ideally suited for investors, house hackers, or 1031 exchange buyers, this property offers flexibility and upside in a desirable location near shopping, dining, and transit. Live in one unit and offset your mortgage with rental income, or maximize returns by leasing all three units.
Listed by West and Main Homes Inc

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PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type Triplex

    Listing Status Active

    Purchase Type For Sale

    Square Footage 2, 376 sqft

    Price per Sqft $336

    Subdivision Irving Park

    MLS Listing ID 3457455

    Bedrooms 9

    HOA Y/N No

    Abv Grd Liv Area 2,376

    Year Built 1942

    Annual Tax Amount $3,662

    Tax Year 2024

    Lot Size 0.287 Acres

    Acres 0.29

    Property Sub-Type Triplex

    Source recolorado

  • Location

    State CO

    County Denver

    Zoning E-TU-C

  • Rooms

    Basement Crawl Space

  • Building

    Lot Description Level, Near Public Transit

    Sewer Public Sewer

    Water Public

    Level or Stories One

    Structure Type Brick

  • Interior

    Interior Features Granite Counters, No Stairs

    Heating Forced Air, Natural Gas

    Cooling None

    Flooring Carpet, Tile, Vinyl

    Fireplace N

    Appliance Disposal, Dryer, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer

    Laundry In Unit

  • Exterior

    Fence None

    Roof Type Composition

    Total Parking Spaces 3

    Garage No

  • Schools

    Elementary Schools Knapp

    Middle Schools Kepner

    High Schools West

    School District Denver 1

  • Others

    Senior Community No

    Ownership Corporation/Trust

    Acceptable Financing 1031 Exchange, Cash, Conventional

    Listing Terms 1031 Exchange, Cash, Conventional

    Special Listing Condition None

    Virtual Tour https://my.matterport.com/show/?m=UUmERyozTEx

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CONTACT

Alec Short
Alec Short

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