RARE 1908 SIDE BY SIDE/UP/DOWN QUADPLEX LOCATED 1/2 BLOCK FROM THE FAMOUS CITY PARK. Located on a wide street of Steel with easy commute to the downtown and walking distance to many popular City Park's Restaurants, Coffee Shops & Retail shops.
Unit#2 @ - OWNERS QUARTERS/MAIN UNIT 3 bed 1 bath. Unit#3 Main floor 1 bed unit is gutted and ready to be remodeled. Unit#1 Large Basement unit with big windows for full sunlight. Remodeled & ready to be rented. Unit#4 Upstairs Unit Remodeled and ready to be rented. Each units have a separate entrances. ALL ARE POTENTIAL AIRBNB UNITS. Great for HouseHack for live in Owners Quarters and rent out the other units. Well & meticulously maintained by the long term owner. 2 water heaters; 4 gas meters; 1" Copper Water Main throughout; Sewer Line was replaced. The property features original charm, details of original hardwood floors, oak trims, full ornate fireplace mantel, built-ins, original doors & stained glass windows. The rental units are vacant. The units were rented below the market and projected income is much higher for all units based on other similar size, location and quality properties. Potential AIRB&B rentals could be huge increase to income and investment. The property is measured by the listing agent as the county record is off. All information is deemed reliable but not guaranteed and Buyer/Buyers Agent to verify all information. Truly a rare opportunity to own a great multiunit property in the most desirably Denver neighborhood.
Listed by Anudari Erdenebileg
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License #016797
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Aspire Real Estate LLC
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303-589-8097
Last updated August 06, 2025
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Source: REcolorado #1511980
Listing Facts
TypeMulti-family
NeighborhoodColfax Avenue Park
Days on Prevu44
Taxes$4,435/year
Size3,244 sqft
Price per sqft$400
Amenities
Dishwasher
Private Outdoor Space
Washer/Dryer
Parking
Location
Mortgage Calculator
Listing History
07/26/2025
Listed by Aspire Real Estate LLC
$1,299,000
Property Details for 1617 Steele Street
Exterior
Construction
Roof: Composition
Structure Type: Quadruplex
Year Built: 1908
Architectural Style: Denver Square
Construction Materials: Brick, Cement Siding
Exterior Features: Garden, Lighting
Features
Direction Faces: East
Fencing: Partial
Patio And Porch Features: Covered, Front Porch
Measurements
Building Area Total: 3,698
Lot Size Acres: 0.11
Lot Size Area: 4,680
Lot Size Square Feet: 4,680
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 6.0
Gross Income: $31,200.00
Operating Expense: $9,180.00
Operating Expense Includes: Insurance, Real Estate Tax, Utilities
Interior Features: Breakfast Bar, Built-in Features, Smoke Free, Walk-In Closet(s)
Measurements
Living Area: 3,244
Rooms
Basement: Finished
Has Basement: Yes
Other
General
Exclusions: Owner's personal possession in the main unit #2.
Location
Subdivision Name: City Park
Parking
Parking
Garage Spaces: 1
Parking Total: 1
Schools
Elementary School
Elementary School: Teller
Elementary School District: Denver 1
High School
High School: East
High School District: Denver 1
Middle or Junior School
Middle Or Junior School: Morey
Middle Or Junior School District: Denver 1
Utilities
Equipment
Heating: Hot Water
Sewer: Public Sewer
Water Source: Public
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