3445 W Mansfield Avenue, Denver, CO 80236
Local realty services provided by:ERA New Age
3445 W Mansfield Avenue,Denver, CO 80236
$1,250,000
- - Beds
- - Baths
- 4,515 sq. ft.
- Multi-family
- Active
Listed by: ivelina mileva
Office: equity colorado real estate
MLS#:4416130
Source:ML
Price summary
- Price:$1,250,000
- Price per sq. ft.:$276.85
About this home
Turnkey Fourplex Investment Opportunity with Expansion Potential & Adjacent Land Upside!
Exceptional value-add multifamily investment opportunity in the rapidly growing Sheridan/Denver market! This remodeled income-producing property offers a rare combination of strong in-place cash flow, future development potential, and a large land footprint rarely found this close to Downtown Denver.
Spanning approximately 4,515 sq ft, the fourplex features a desirable unit mix including 2-and 3-bedroom units plus a studio. A standout value-add feature: one unit is currently leased to two separate tenants, generating enhanced rental revenue. All units are currently rented and the leases will transfer with the sale — providing true turnkey income from day one.
Owner has invested heavily in upgrades: brand-new HVAC system, updated electrical service, new windows on the first floor, and critical sewer infrastructure work. Tenant amenities set this property apart: parking for 15+ vehicles, private yard, multiple storage sheds/outbuildings, and even a basketball court.
Positioned on an oversized lot with favorable zoning characteristics, the property also presents a compelling long-term redevelopment and expansion opportunity. The current zoning allows for potential future expansion up to 8 units, subject to the buyer obtaining all necessary permits and approvals from the City of Sheridan. The Seller is separately offering the adjacent land parcel located at 3435 ½ W Mansfield Ave, creating the potential for future assemblage, additional density, expanded parking, or future development opportunities (Buyer to verify all zoning and redevelopment possibilities with the City of Sheridan).
Located minutes from Downtown Denver, Belmar, River Point, and major corridors (US-285 & Santa Fe). Strong rental demand driven by location and accessibility.
Ideal for investors seeking immediate income or developers looking for long-term upside. Schedule your private showing today....
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Home facts
- Year built:1920
- Listing ID #:4416130
Rooms and interior
- Flooring:Vinyl
- Kitchen Description:Dishwasher, Disposal, Microwave, Range, Refrigerator
- Living area:4,515 sq. ft.
Heating and cooling
- Cooling:Central Air, Evaporative Cooling
- Heating:Forced Air
- Central air:Yes
Structure and exterior
- Roof:Composition
- Year built:1920
- Building area:4,515 sq. ft.
- Lot area:0.5 Acres
- Lot Features:Level, Near Public Transit
- Construction Materials:Block, Wood Siding
- Exterior Features:Private Yard, Rain Gutters
- Levels:1 Story
Schools
- High school:Sheridan
- Middle school:Fort Logan Northgate
- Elementary school:Alice Terry
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,250,000
- Price per sq. ft.:$276.85
- Tax amount:$4,822 (2025)
Features and amenities
- Laundry features:Dryer, In Unit, Washer
- Amenities:Carbon Monoxide Detector(s), Gas Water Heater, Smoke Detector(s)
Parking
- Total parking spaces:15
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