3445 W Mansfield Denver, CO 80236
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,515 sqft
Subdivision Sheridan
MLS Listing ID IRE4416130
Bedrooms 10
HOA Y/N No
Year Built 1920
Annual Tax Amount $4,822
Tax Year 2025
Lot Size 0.500 Acres
Acres 0.5
Source ires
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 1/2 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
Community Sheridan
Area Metro Denver
Zoning Residential/Multi-family
Interior
Heating Forced Air
Cooling Central Air, Evaporative Cooling
Appliance Dishwasher, Refrigerator, Washer, Dryer, Microwave, Disposal, Fire Alarm
Exterior
Parking Features Off Street
Garage Spaces 15.0
Fence Partial
Utilities Available Electricity Available, Master Meter-Gas, Separate Meter Electricity
View Y/N Yes
View Mountain(s)
Roof Type Composition
Garage Yes
Building
Lot Description Level, Gutters
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Block,Wood Siding
New Construction false
Schools
Elementary Schools Alice Terry
Middle Schools Fort Logan Northgate
High Schools Sheridan District 2
School District Sheridan District 2
Others
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Private Owner
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