3445 W Mansfield AVE Denver, CO 80236
UPDATED:
Key Details
Property Type Other Types
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,515 sqft
Price per Sqft $252
Subdivision Sheridan
MLS Listing ID 4416130
Bedrooms 10
HOA Y/N No
Year Built 1920
Lot Size 0.500 Acres
Acres 0.5
Property Sub-Type Quadruplex
Property Description
Now offered at $1,139,900, this income-producing multifamily property presents an outstanding opportunity for investors seeking immediate cash flow, long-term appreciation, and future development potential in the growing Sheridan/Denver market. Located within a Qualified Opportunity Zone, this approximately 4,515-square-foot property combines established rental income, extensive capital improvements, and exciting value-add possibilities.
The property features a versatile mix of 2- and 3-bedroom units plus a studio. One of its unique income-generating features is a unit currently leased to two separate tenants, maximizing rental potential. All units are occupied, providing immediate rental income, with existing leases transferring to the new owner.
Significant capital improvements include three new furnaces, HVAC upgrades, updated electrical service, major sewer infrastructure improvements, and replacement of most windows, helping reduce immediate capital expenditure needs.
Tenant amenities further distinguish this property, including parking for 15+ vehicles, private yard areas, multiple storage sheds/outbuildings, and a basketball court—features rarely found together in multifamily properties.
Beyond its current income potential, the oversized lot offers exciting possibilities for future growth. Current zoning may allow expansion to up to 8 units, subject to verification and required City of Sheridan approvals and permits. The seller is also offering the adjacent vacant land parcel at 3435 ½ W Mansfield Ave (MLS #3939482), recently reduced to just $99,900!
Conveniently located near Downtown Denver, Santa Fe Drive, and US-285, the property provides easy access to employment centers, shopping, dining, and major transportation corridors.
Location
State CO
County Arapahoe
Zoning Residential/Multi-family
Interior
Heating Forced Air
Cooling Central Air, Evaporative Cooling
Flooring Vinyl
Appliance Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer
Laundry In Unit
Exterior
Exterior Feature Private Yard, Rain Gutters
Fence Partial
Utilities Available Electricity Connected, Natural Gas Connected, Phone Available
Waterfront Description Public
View Mountain(s)
Roof Type Composition
Accessibility Accessible Approach with Ramp
Private Pool No
Building
Lot Description Level, Near Public Transit
Story One
Sewer Public Sewer
Water Public
Schools
School District Elementary: Sheridan 2, Middle/Junior: Sheridan 2, High: Sheridan 2
Others
Senior Community No
Tax ID 031971870
Special Listing Condition None Known
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
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