Address
3445 W Mansfield Avenue, Denver, CO
Price
$ 1,149,900
Property Attributes
- MLS#4416130
- TypeMulti-Family
- Listing Status Active
- CountyARAPAHOE
- CityDenver
- NeighborhoodSheridan
- Zip80236
- StyleQuadruplex
- Year Built1920
- Taxes$ 4822
- Price$ 1,149,900
- Bedrooms10
- Full Bathrooms5
- Half Bathrooms0
- Sqr Footage4515
- Lot Size0.5 Acres
Data Source:
REColorado (MTOMLS)
Property Description
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.
| Elementary School | Middle School | High School |
|---|---|---|
| Alice Terry Elementary School | Fort Logan Northgate Middle School | Sheridan High School |
| Price History | |
|---|---|
| 5/22/2026 | Listed $1,250,000 |
| 5/26/2026 | 5$1,199,900 |
| 8/13/2026 | 5$1,149,900 |
General Features
| Sewer | 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 |
| 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 |
| OwnerPays | Gas,Insurance,Taxes,Trash Collection,Water |
| Accessibility | Accessible Approach with Ramp |
| County | Arapahoe |
| Operating Expense | 11121 |
| Property Type | Residential Income |
| HOA | No |
| Attached Garage | No |
| Subdivision Name | Sheridan |
| Status | Active |
| High School | Sheridan |
| City | Denver |
| Senior Community Y/N | No |
| High School District | Sheridan 2 |
| Lot Size Units | Acres |
| Lot Size Square Feet | 21780 |
| 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 | 7 |
Interior Features
| Flooring | Vinyl |
|---|---|
| Common Walls | 1 Common Wall,2+ Common Walls |
| Basement (Y/N) | No |
| Above Grade Finished Area | 4515 |
| Laundry Features | In Unit |
| Total Bedrooms | 10 |
| Total Baths | 5 |
Exterior Features
| Exterior 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 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 80236
Price
Taxes
Year Built
Visits
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