44 S Sherman Street Denver, CO $ 2,600,000
44 S Sherman Street
$ 2,600,000
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44 S Sherman Street

Denver, CO, 80209
$ 2,600,000
Bedrooms-- Baths-- Sq 8,998

Monthly Estimate*

$ 16,009

Listed by Bunnell Real Estate Services
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Commercial Property for sale in Denver, CO

for $2,600,000. This 8,998 square foot building was built in 1960 on a lot size of 0.15.

NICE 13-UNIT APARTMENT BUILDING WITH GREAT INCOME AND FABULOUS POTENTIAL! Great solid-brick apartment building in great condition in desirable quiet residential neighborhood. Walking distance to south Broadway corridor, including restaurants, retail, and nightlife. Close to Baker & West Washington Park neighborhoods. Professionally managed building & well-maintained with solid, strong income and tremendous upside potential! Newer windows throughout building, 10 of 13 units have been totally remodeled over past few years. Secure building, four off-street parking spot, four balcony units - building consists of two studio, ten one bedroom, and one two-bedroom penthouse apartment. Low vacancy rate. 2024 Cap Rate was 4.79, but 06/2025 rent increases bring projected new Cap Rate of 5.92 with room for additional increases. Operating costs included remodeling expenses of some units. 2024 assessed value is $3,497,000. This is truly a rare opportunityto own a great income-producing multi-familly property with tremendous upside. Hurry - this property will not last long!

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Commercial Pending

Price

$ 2,600,000

Property Type

Commercial

Taxes

$ 18,265

Style

Traditional

Lot Size

0.15

Year Built

1960

Town/City

Denver

County/Region

Denver

MLS | Web ID

4847818

Features
General
Sewer Public Sewer
Utilities Cable Available Electricity Connected Natural Gas Connected Phone Connected Sewer Connected
Roof Membrane
Zoning G-MU-3
Garage Spaces 0
Architectural Style Traditional
Security Features Carbon Monoxide Detector(s) Security Entrance Smoke Detector(s)
Construction Materials Brick
Year Built 1960
Electric 110V
Tenant Pays Cable TV Electricity Internet Telephone
Stories Count 3
Property Subtype Multi Family
Tax Year 2024
Current Use Multi-Family Residential
Gross Income 228060
Building Name Sherman Manor
County Denver
Operating Expense 73990
Property Type Commercial Sale
Attached Garage N
Contingency None Known
Building Features Coin Laundry
Status Pending
City Denver
Number Of Units Total 13
Lot Size Units Square Feet
Lot Size Square Feet 6442
Carport Spaces 0
Listing Terms Cash Conventional
Tax Annual Amount 18265
Structure Type Low Rise (1-3)
Standard Status Active Under Contract
Occupancy Type Tenant
Cap Rate 5.92
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Exterior
Exterior Amenities Balcony Lighting
Parking Features Exterior Access Door Lighted
Lot Features Near Public Transit
Water Source Public
Total Parking 4
Lot Size Area 6442
Building Area Total 8998
Lot Size Acres 0.15
Road Surface Type Alley Paved
Road Frontage Type Public
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 44
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* Excluded Features
List By
Bunnell Real Estate Services

Broker

(720) 515-3338

Phone

Affordability Calculator

$17,531
Per Month
91%
9%
0%
Monthly Principal & Interest
$16,009
Monthly Property Taxes
$1,522
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/10/2025$2,600,000 -10.34% Price Down
3/23/2025$2,900,000 Listed Price

Map


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44 S Sherman Street, Denver, CO, 80209 is a Commercial Property for sale at $2,600,000 with 8,998 sqft and a lot size of 0.15. 44 S Sherman Street was built in 1960. The property's zip code is 80209 which is in Denver, CO