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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