Three-Bedroom Income
For Sale
$749,999
Pending
1-828 Cherry St, Denver, CO 80220
Tenant-occupied residence with a rooftop deck, private yard, detached garage, and no HOA fees.
Property Size1,777 SF
Days on Market70
Property Features for 1-828 Cherry St
General Information
Standard status
Pending
Size
1,777 SF
Total Parking Spaces
1
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/3BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$704
Amenities
rooftop deck
private fenced yard
Building Details
Tenancy
Single
Listing Agency:
Resolute, Inc.
Listed By:
Jack Rohr · License #ER100067283
(303) 842-1869
Source:
Exprealty
Added: Aug 7
Changed: Oct 4
Last Checked: Oct 15 at 3:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Resolute, Inc.
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Investment Insights
Based on property information with market context.
This brand-new front-unit residential income property offers three bedrooms and three bathrooms in a modern, tenant-occupied residence. The layout includes an open living plan, abundant natural light, a finished kitchen, and a full-floor primary suite with a spa-inspired bathroom, walk-in closet, and private balcony. Additional improvements include a rooftop deck, private fenced yard, and detached one-car garage. The property has no HOA fees and is offered subject to an existing lease.
Located two blocks from Denver’s 9th & Co development, the residence is near Trader Joe’s, Cava, Postino, Frank & Roze Coffee Co., Rose Medical Center, Cherry Creek, and downtown Denver. Its central Denver setting places multiple retail, dining, medical, and employment destinations nearby.
Located two blocks from Denver’s 9th & Co development, the residence is near Trader Joe’s, Cava, Postino, Frank & Roze Coffee Co., Rose Medical Center, Cherry Creek, and downtown Denver. Its central Denver setting places multiple retail, dining, medical, and employment destinations nearby.
Key Highlights
- Tenant‑occupied three‑bedroom, three‑bath front unit
- Brand‑new construction offered subject to an existing lease
- Full‑floor primary suite with private balcony and walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,981
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,620
$539.6K
Cap Rate 7%
$385,443
$385.4K
Cap Rate 9%
$299,789
$299.8K
Market Conditions
NOI Build-Up for 1,777 SF
Gross rent
$52.2K $29.40/SF
− Vacancy
−$3.2K −$1.79/SF
EGI
$49.1K $27.61/SF
− OpEx
−$22.1K −$12.42/SF
NOI
$27.0K $15.18/SF
Area
Denver, CO
Vacancy
6.10%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,620
Cap Rate 7%
$385,443
Cap Rate 9%
$299,789
Alternative Uses
Best Use
Apartment 5plus
$385.4K
$337.3K – $449.7K
NOI $26,981 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$565.7K
$495.0K – $660.0K
NOI $39,598 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,615
Businesses Nearby
Explore this area
Business Placement
Demographics for 80220, CO
37,233
Population
17,675
Households
2.1
Avg Household Size
37
Median Age
66%
College-Educated
94%
High-School Grad
5.2 sq mi
ZIP Area
7,160
Density / Sq Mi
$101,961
Median Household Income
$61,568
Median Earnings
$1,621
Median Rent
$739,600
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Tenant-occupied residence with a rooftop deck, private yard, detached garage, and no HOA fees.
Where is this residential income property located?
The property is located at 1-828 Cherry St Denver, CO.
What is the asking price?
The asking price for this property is $749,999.
What are key features of this property?
This property features: Tenant‑occupied three‑bedroom, three‑bath front unit; Brand‑new construction offered subject to an existing lease; Full‑floor primary suite with private balcony and walk‑in closet
