347 Bannock St

Description

Historic charm, strong rental income, and a prime location-this 1907 Victorian triplex in the heart of Denver's highly sought-after Baker neighborhood checks all the boxes. Situated just blocks from Dailey Park and steps to the vibrant shops, dining, and cultural spots along Broadway, this property offers a rare blend of classic architecture and income-generating versatility. With approximately 2,745 sq ft above grade and a total of 3,188 sq ft (per appraisal), this well-maintained property features three separate units and a detached 3-car garage. Unit 1 (2BR/2BA) is rich in character, boasting original hardwood floors, exposed brick, cherry wood cabinetry, vaulted ceilings, two fireplaces, and a hidden spiral staircase behind a bookshelf that leads to a non-conforming bedroom with secret storage. It also includes private basement access and in-unit laundry. Unit 2 (2BR/1BA) offers a remodeled bathroom, one conforming and one non-conforming bedroom, and access to a private Trex deck-perfect for outdoor living. Unit 3 (1BR/1BA) is a charming rear unit with its own heating and hot water system, currently rented month-to-month with a long-term tenant. Additional features include a sprinkler system, a 73-gallon water heater, updated sewer line to the street, and a shared laundry area near the garage for Units 2 and 3. Monthly rental income is currently $5,700, producing an estimated cap rate of ~7.6%-a fantastic opportunity for investors, owner-occupants, or house hackers looking to live in one unit while renting the others. Located within Denver's Landmark Historic District, this property offers a timeless lifestyle in one of the city's most walkable neighborhoods, rich in architectural heritage and community spirit. Don't miss your chance to own a truly unique asset with both financial upside and urban appeal.