3445 W Mansfield Avenue
Denver, CO, 80236 $ 1,250,000
Bedrooms10 Baths5.0 Sq 4,515 Monthly Estimate*
$ 7,696
Listed by Equity Colorado Real Estate
Multi-Family Home for sale in Denver, CO
for $1,250,000 with 10 bedrooms and 5 full baths. This 4,515 square foot home was built in 1920 on a lot size of 0.5.
Turnkey Fourplex Investment Opportunity with Expansion Potential & Adjacent Land Upside! Exceptional value-add multifamily investment opportunity located in a Qualified Opportunity Zone in the rapidly growing Sheridan/Denver market! This remodeled income-producing property offers a rare combination of strong in-place cash flow and future development potential. Spanning approximately 4,515 sq ft,the property features a desirable unit mix including 2-and 3-bedroom units plus a studio. One of the property's standout value-add features is a unit currently leased to two separate tenants, generating enhanced rental income. All units are currently occupied, and leases will transfer with the sale. The owner has invested heavily in recent capital improvements, including three new furnaces, HVAC upgrades, updated electrical service, critical sewer infrastructure work, and replacement of most windows throughout the property. Tenant amenities set this property apart with parking for 15+ vehicles, private yard areas, multiple storage sheds/outbuildings, and even a basketball court. Positioned on an oversized lot with favorable zoning characteristics, the property also presents compelling long-term redevelopment and expansion potential. Current zoning may allow future expansion up to 8 units, subject to Buyer obtaining all required approvals and permits from the City of Sheridan. Seller is separately offering the adjacent land parcel located at 3435 ½ W Mansfield Ave (MLS #3939482), creating exciting possibilities for expanded parking,or future development opportunities. Conveniently located minutes from Downtown Denver,Santa Fe Drive, and US-285, this property benefits from strong rental demand driven by accessibility, redevelopment activity, and proximity to major employment, shopping and dining. Ideal for investors seeking immediate cash flow, long-term appreciation, or future development upside in one of the Denver metro area's evolving investment corridors.
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FeaturesGeneralSewer Public Sewer
Heating Forced Air
Cooling Central Air Evaporative Cooling
Utilities Electricity Connected Natural Gas Connected Phone Available
Possession Closing/DOD
Roof Composition
Appliances Dishwasher Disposal Dryer Gas Water Heater Microwave Range Refrigerator Washer
Zoning Residential/Multi-family
Garage Spaces 0
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Block Wood Siding
Exclusions None
Year Built 1920
Electric 110V 220 Volts
Tenant Pays Electricity
View Mountain(s)
Levels One
Property Subtype Quadruplex
Tax Year 2025
Ownership Individual
Gross Income 95100
Accessibility Accessible Approach with Ramp
County Arapahoe
Operating Expense 11121
Property Type Residential Income
HOA N
Attached Garage N
Subdivision Name Sheridan
Status Active
High School Sheridan
City Denver
Senior Community Y/N N
High School District Sheridan 2
Lot Size Units Acres
Lot Size Square Feet 21780
Carport Spaces 0
Listing Terms 1031 Exchange Cash Conventional Jumbo Other
Elementary School Alice Terry
Tax Annual Amount 4822
Middle/Junior High School Fort Logan Northgate
Property Condition Updated/Remodeled
Structure Type Quadruplex
Standard Status Active
Occupancy Type Tenant
Middle/Junior School District Sheridan 2
Elementary School District Sheridan 2
Cap Rate 6.72
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ExteriorExterior Amenities Private Yard Rain Gutters
Fencing Partial
Parking Features Unpaved
Lot Features Level Near Public Transit
Water Source Public
Total Parking 15
Lot Size Area 0.5
Building Area Total 4515
Lot Size Acres 0.5
Road Responsibility Public Maintained Road
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InteriorFlooring Vinyl
Common Walls 1 Common Wall 2+ Common Walls
Basement (Y/N) N
Above Grade Finished Area 4515
Laundry Features In Unit
Total Bedrooms 10
Total Baths 5
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* Excluded FeaturesList ByEquity Colorado Real EstateBroker
Affordability Calculator
- Monthly Principal & Interest
- $7,696
- Monthly Property Taxes
- $402
- 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.
Learn more about how to save NearbyAbout Denver, CO 710,824 Population
28% Since 2002
$ 62,229 Median Income
36.87 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
5031317 Elementary School
3522576 Middle School
Sheridan High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/22/2026 | $1,250,000 | | Listed Price |