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236 S Clarkson StreetDenver, CO 80209

For Sale

$1,750,000

Smart Buyer Rebate $17,500

Meticulously maintained high-upside cash-flowing investment opportunity! This value-add fourplex is a truly irreplaceable property in the heart of Washington Park, one of Denver’s most coveted neighborhoods. Property features an ideal unit mix: three 2-bedroom/1-bath units and one expansive 4-bedroom/2-bath unit. All of the units are currently on month-to-month leases. Each unit is thoughtfully appointed with hardwood floors, updated bathrooms, both front and rear entrances, and designated yard space. Additional highlights include seven off-street parking spaces (four of which are covered) enhancing tenant convenience and property value. This versatile property appeals to a variety of investment strategies: LONG-TERM HOLED: A compelling buy-and-hold opportunity in one of Denver’s premier areas, with added upside if the basement beneath the rear 2-bedroom unit can be converted to livable space. OWNER-OCCUPANT: Perfect for buyers seeking to live in one unit while generating income from the others. DEVELOPMENT-POTENTIAL: Situated on a generous 12,700 sq ft lot, the site offers excellent possibilities for redevelopment. Whether you’re an investor, developer, or owner-occupant, this unique property offers flexibility, income potential, and an unmatched location.
SOLD AS SEPARATE UNITS: This property includes party walls, making it an exceptional opportunity for investors. With the existing structure, it can be re-zoned into four separate units—each eligible to be sold individually. The neighborhood's proximity to downtown Denver, recreational spaces, and cultural attractions make it attractive to a diverse tenant base, including professionals, families, and students. Washington Park is among Denver's most sought-after neighborhoods. It offers a blend of historic charm and modern amenities, featuring tree-lined streets, Craftsman-style homes, and access to the expansive 165-acre Washington Park and is known for its vibrant community!

Listed by David Cohen

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License #55045138

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Alpha Real Estate Associates LLC

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303-526-8720

Last updated August 06, 2025

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Source: REcolorado #8331390

Listing Facts

  • TypeMulti-family
  • NeighborhoodShackelton Place
  • Bedrooms10
  • Bathrooms5
  • Days on Prevu111
  • Taxes$11,593/year
  • Size4,140 sqft
  • Price per sqft$423

Amenities

  • Private Outdoor Space
  • Parking

Location

Mortgage Calculator

Listing History

05/23/2025
Listed by Alpha Real Estate Associates LLC
$1,750,000

Property Details for 236 S Clarkson Street

Exterior

Construction

  • Property Attached: Yes
  • Property Condition: Updated/Remodeled
  • Roof: Shingle
  • Structure Type: Quadruplex
  • Year Built: 1952
  • Common Walls: 2+ Common Walls
  • Construction Materials: Brick
  • Exterior Features: Garden, Private Yard

Features

  • Direction Faces: West
  • Patio And Porch Features: Covered, Patio

Measurements

  • Building Area Total: 4,140
  • Lot Features: Level
  • Lot Size Acres: 0.29
  • Lot Size Area: 0
  • Lot Size Square Feet: 12,632
  • Lot Size Units: Acres

Financial

Residential Income

  • Cap Rate: 5.84
  • Gross Income: $101,400.00
  • Operating Expense: $16,681.00
  • Operating Expense Includes: Insurance, Maintenance, Real Estate Tax, Utilities

Taxes

  • Parcel Number: 5114-17-005
  • Tax Annual Amount: $11,593.00
  • Tax Year: 2024

Interior

Measurements

  • Living Area: 4,140

Rooms

  • Basement: Unfinished
  • Has Basement: Yes
  • Bathrooms Total Integer: 5
  • Bedrooms Total: 10

Other

General

  • Exclusions: Personal Property

Location

  • Subdivision Name: Shackelton Place

Parking

Parking

  • Carport Spaces: 7
  • Parking Total: 7

Schools

Elementary School

  • Elementary School: Steele
  • Elementary School District: Denver 1

High School

  • High School: South
  • High School District: Denver 1

Middle or Junior School

  • Middle Or Junior School: Merrill
  • Middle Or Junior School District: Denver 1

Utilities

Equipment

  • Cooling: Attic Fan
  • Heating: Forced Air, Steam
  • Sewer: Public Sewer
  • Water Source: Public

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Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.