Denver Multifamily Property For
For Sale
Contact for pricing
2200 S Cherry St, Denver, CO 80222
Fully renovated four-unit property in the heart of Denver.
Property Size5,622 SF
Price / SF$405.55
Days on Market108
Property Features for 2200 S Cherry St
General Information
Standard status
Active
Size
5,622 SF
Property subtype
Multifamily
Zoning
E-SU-DX
Building Details
Year Built
1963
Listing Agency:
Unique Properties, Inc
(214) 616-2695
Listed By:
Elliott Polanchyck · License #CO
Source:
Crexi
Added: May 14
Changed: Aug 8
Last Checked: Jul 19 at 3:53AM
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 Unique Properties, Inc
Investment Insights
Based on property information with market context.
Located in Denver, this fully renovated property at 2200 S Cherry Street features four units, each offering three bedrooms and two bathrooms. The units are finished with high-end, condo-quality features. Designed for flexibility, the property is suitable for investors interested in either short-term rental income or long-term leases within an urban setting. The property's location provides convenient access to restaurants, retail establishments, and parks, as well as public transportation. Its proximity to downtown Denver and other popular neighborhoods enhances its attractiveness to both residents and visitors. The property offers appreciation potential and competitive returns, particularly with its dual leasing options, allowing investors to adapt to changing market conditions and optimize occupancy and income. The property is suitable for investors looking to diversify their portfolio with a multifamily asset in a thriving market. The property size is 5,622 square feet.
Key Highlights
- Fully renovated property with four luxurious 3‑bedroom, 2‑bathroom units featuring high‑end, condo‑quality finishes.
- Prime location in the heart of Denver**, close to restaurants, retail, and parks, with easy access to public transportation.
- Ideal for investors seeking short‑term rental income or stable, long‑term leases.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$93,430
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,868,600
$1.9M
Cap Rate 7%
$1,334,714
$1.3M
Cap Rate 9%
$1,038,111
$1.0M
Market Conditions
NOI Build-Up for 5,622 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$141.7K $25.20/SF
− Vacancy
−$8.2K −$1.46/SF
EGI
$133.5K $23.74/SF
− OpEx
−$40.0K −$7.12/SF
NOI
$93.4K $16.62/SF
Area
Denver, CO
Vacancy
5.79%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,868,600
Cap Rate 7%
$1,334,714
Cap Rate 9%
$1,038,111
Alternative Uses
Best Use
Multifamily LT 5
$1.33M
$1.17M – $1.56M
NOI $93,430 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$1.22M
$1.07M – $1.42M
NOI $85,362 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,278 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,890
Businesses Nearby
Explore this area
Business Placement
Demographics for 80222, CO
22,381
Population
11,625
Households
1.9
Avg Household Size
38
Median Age
57%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
5,890
Density / Sq Mi
$85,354
Median Household Income
$57,833
Median Earnings
$1,715
Median Rent
$596,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully renovated four-unit property in the heart of Denver.
Where is this quadplex located?
The property is located at 2200 S Cherry St Denver, CO.
What is the asking price?
The asking price for this property is $2,280,000.
What are key features of this property?
This property features: Fully renovated property with **four luxurious 3‑bedroom, 2‑bathroom units featuring high‑end, condo‑quality finishes.**; Prime location in the heart of Denver**, close to restaurants, retail, and parks, with easy access to public transportation.; Ideal for investors seeking short‑term rental income or stable, long‑term leases.
