FOR SALE
Local Information
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Description
DISCLAIMER: 940 & 944 Downing must be purchased together. 940-944 Downing presents the rare opportunity for an investor to own two classic converted mansions on two assembling parcels in one of Central Denver’s premier locations. Just across the street from King Soopers and around the corner from a variety of popular neighborhood bars, taverns, and coffee shops, the properties
boast a location that will continue to attract tenants seeking both convenience and vibrancy. 940 Downing is a fully renovated triplex that’s comprised of two 1-bedroom and one 2-bedroom unit. Each apartment features top-of-the-line finishes including oak flooring throughout, custom kitchens that boast high-end cabinets and new concrete countertops. 944 Downing is a 4-unit building that features a strong unit mix of two 1-bedroom and two 2-bedroom units. Each apartment features spacious layouts, original hardwood floors and other vintage features that tenants love. A site development plan has been approved by the city for a 3-unit carriage house
behind both properties. A new owner will have the option to immediately cash flow from two well-maintained buildings or significantly increase returns by updating the existing residences and adding three additional units.
boast a location that will continue to attract tenants seeking both convenience and vibrancy. 940 Downing is a fully renovated triplex that’s comprised of two 1-bedroom and one 2-bedroom unit. Each apartment features top-of-the-line finishes including oak flooring throughout, custom kitchens that boast high-end cabinets and new concrete countertops. 944 Downing is a 4-unit building that features a strong unit mix of two 1-bedroom and two 2-bedroom units. Each apartment features spacious layouts, original hardwood floors and other vintage features that tenants love. A site development plan has been approved by the city for a 3-unit carriage house
behind both properties. A new owner will have the option to immediately cash flow from two well-maintained buildings or significantly increase returns by updating the existing residences and adding three additional units.
Home Highlights
Parking
4 Parking Spaces
Outdoor
Porch
A/C
Heating only
HOA
None
Price/Sqft
$303
Listed
84 days ago
Home Details for 944 Downing Street
Interior Features |
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Interior Details Basement: Partial |
Dimensions and Layout Living Area: 3289 Square Feet |
Appliances & Utilities Utilities: Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Available |
Heating & Cooling Heating: Floor FurnaceNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Floor Furnace |
Gas & Electric Has Electric on Property |
Levels, Entrance, & Accessibility Stories: 2Levels: Two |
View Has a ViewView: City |
Exterior Features |
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Exterior Home Features Roof: ShinglePatio / Porch: Front Porch |
Parking & Garage Other Parking: Off Street Spaces: 4No Attached GarageParking Spaces: 4 |
Frontage Responsible for Road Maintenance: Public Maintained Road |
Water & Sewer Sewer: Public Sewer |
Finished Area Finished Area (above surface): 2325 Square FeetFinished Area (below surface): 356 Square Feet |
Days on Market |
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Days on Market: 84 |
Property Information |
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Year Built Year Built: 1904 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: QuadruplexStructure Type: QuadruplexArchitecture: Quadruplex |
Building Construction Materials: Brick |
Property Information Not Included in Sale: None KnownParcel Number: 0502304006000 |
Price & Status |
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Price List Price: $995,000Price Per Sqft: $303 |
Active Status |
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MLS Status: Active |
Location |
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Direction & Address City: DenverCommunity: Cheesman Park |
School Information Elementary School: Dora MooreElementary School District: Denver 1Jr High / Middle School: Dora MooreJr High / Middle School District: Denver 1High School: EastHigh School District: Denver 1 |
Agent Information |
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Listing Agent Listing ID: 9394001 |
Building |
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Building Area Building Area: 3289 Square Feet |
Community |
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Not Senior Community |
HOA |
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No HOA |
Lot Information |
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Lot Area: 5000 sqft |
Listing Info |
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Special Conditions: Standard |
Offer |
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Listing Terms: 1031 Exchange, Cash, Conventional |
Mobile R/V |
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Mobile Home Park Mobile Home Units: Feet |
Compensation |
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Buyer Agency Commission: 2.5Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Business |
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Business Information Ownership: Individual |
Expense Tenant Pays: Cable TV, Electricity, Internet, Telephone |
Rental |
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Owner Pays: Gas, Water |
Miscellaneous |
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BasementMls Number: 9394001Attribution Contact: conner@northpeakcre.com |
Additional Information |
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Mlg Can ViewMlg Can Use: IDX |
Last check for updates: about 13 hours ago
Listing courtesy of Conner Piretti
NorthPeak Commercial Advisors, LLC
Austin Bengford, (970) 692-3008
NorthPeak Commercial Advisors, LLC
Source: REcolorado, MLS#9394001
Price History for 944 Downing Street
| Date | Price | Event | Source |
|---|---|---|---|
| 02/05/2024 | $995,000 | Listed For Sale | REcolorado #9394001 |
| 03/15/2016 | $571,500 | Sold | N/A |
| 03/05/2015 | $645,000 | ListingRemoved | Agent Provided |
| 08/05/2014 | $645,000 | Listed For Sale | Agent Provided |
| 11/02/2012 | $325,000 | Sold | N/A |
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Property Taxes and Assessment
| Year | 2022 |
|---|---|
| Tax | $4,794 |
| Assessment | $898,700 |
Home facts updated by county records
Comparable Sales for 944 Downing Street
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.32 | Multi-Family Home | $997,500 | 04/12/24 | 3 | 3 | 3,066 | |
0.23 | Multi-Family Home | $675,000 | 09/18/23 | 2 | 2 | 1,836 | |
0.42 | Multi-Family Home | $890,000 | 08/25/23 | 5 | 4 | 3,336 | |
0.44 | Multi-Family Home | $825,000 | 11/27/23 | 4 | 4 | 4,275 | |
0.32 | Multi-Family Home | $821,000 | 03/22/24 | 4 | 2 | 2,037 | |
0.44 | Multi-Family Home | $740,000 | 03/29/24 | 4 | 3 | 2,286 | |
0.54 | Multi-Family Home | $1,090,000 | 08/18/23 | 4 | 4 | 3,358 | |
0.52 | Multi-Family Home | $825,000 | 10/31/23 | 7 | 6 | 4,469 | |
0.46 | Multi-Family Home | $560,000 | 12/19/23 | 2 | 1 | 1,277 | |
0.50 | Multi-Family Home | $805,000 | 05/26/23 | 4 | 2 | 1,732 |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Cheesman Park
- Trulia User
- Resident
- 3y ago
"Dogs likely to get parasites due to lack of picking up after dogs and sheer number of dogs in the neighborhood. Otherwise relatively friendly place to be. "
- Melissa B.
- Resident
- 4y ago
"I do NOT commute, so unable to answer this... There are a few bus stops within walking distance, for those that do use public transportation. "
- Natalie L.
- Resident
- 4y ago
"It’s easy and direct. I take my car and drive from my lot to the parking. The bus is a bit scary and unpredictable "
- Andrea D. J.
- Resident
- 4y ago
"I have lived in Cheesman Park for 20 years, and absolutely love it. The architecture is wonderful, the park itself is one of the best in Denver, and the people are nice. There is a lot of history in this neighborhood! "
- Lyndsay L.
- Resident
- 4y ago
"I don’t work during rush hours so my commute is typically fine. Minus construction. There is construction everywhere in Denver."
- Nathan B.
- Resident
- 4y ago
"Nice parks and neighbors, great for walking/running/cycling and kids. Limited grocery options lately but am hoping that improves. Very nice old trees and sidewalks. "
- Bryce T.
- Resident
- 4y ago
"This neighborhood is close to the city and feels right in the heart of denver but with a suburb vibe. The park is beautiful and the leaves are beautiful in fall especially!"
- Bryce T.
- Resident
- 4y ago
"Events at Cheesman such as the art walk. Other events typically take place on Colfax such as parades which is a close walk. "
- Ccwellsoshop
- Resident
- 4y ago
"Nothing. This is a dog friendly neighborhood with more green space than most of Denver. The dog catchers are vigilant so letting Fido off leash is dangerous."
- Nathan B.
- Resident
- 5y ago
"Lots of trees, good shade. Bit expensive but we live small so can take advantage. Nice thing is you live on a hill so the commute is downhill on the way in to work."
- Madison H.
- Resident
- 5y ago
"It’s a really great area. The park is awesome easy to get around. Uber’s are cheap to get to Lodo and 16th."
- Michaelconti1499
- Resident
- 5y ago
"It's beautiful,friendly,very walkable to restaurants,grocery stores and is of a beautiful green Cheesman Pk. Amazing mix of forward thinking residents..lived here 19 yrs."
- Kelabaker
- Resident
- 5y ago
"Concerts and the botanical gardens are just two of our neighborhood's attractions that make our community special "
- Ryan B.
- Resident
- 5y ago
"I love the walkability and proximity to the park. There are several restaurants and just about anything you need within walking distance or a short scooter ride away. "
- Nick P.
- Resident
- 5y ago
"This neighborhood is historic and has way more history than most of Denver. It’s pretty sweet for sure. "
- DJK J.
- Resident
- 6y ago
"Beautiful neighborhood. Best Botanic gardens in the country. Cheesman Park itself is amazing - always tons of people walking their dogs, playing volleyball and frisbee and spike ball or just laying out on blankets with their friends. Close to the city as well as two other great parks - Washington and City Park"
- Jan B.
- 9y ago
"Doesn't get any better than this, Live the Urban Lifestyle in Capitol Hill with easy access to both Down Town Denver and Cherry Creek! Walk to shopping, cafes and to Cheesman Park & the Botanical Gardens of Denver! Love where you Live!"
- Vali H.
- 13y ago
"It's great to know you're close to Cheesman Park AND City Park. Restaurants, coffee shops, pubs and shops are just a few blocks up on 17th, not to mention all up and down Colfax. Once you get home you can park the car and not drive the entire weekend. "
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Conner Piretti, NorthPeak Commercial Advisors, LLC
© 2023 REcolorado® All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REcolorado®. Click here for more information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
944 Downing Street, Denver, CO 80218 is a studio, 3,289 sqft multi-family built in 1904. 944 Downing Street is located in Cheesman Park, Denver. This property is currently available for sale and was listed by REcolorado on Feb 5, 2024. The MLS # for this home is MLS# 9394001.