Contemporary Duplex With Rooftop
2229 S Sherman St, Denver, CO 80210
For Sale
$1,187,500
The residence features a finished basement, detached two-car garage, and owned solar panels.
Property Size4,100 SF
Lot Size0.10 Acres
Price / SF$282.74
Days on Market103
Property Features for 2229 S Sherman St
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
fireplace
outdoor living area
rooftop decks
solar panels
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
LIV Sotheby's International Realty
Listed By:
Kate Perry
(303) 810-0474
Source:
Guidere
Added: Aug 4
Changed: Nov 6
Last Checked: Nov 12 at 5:08PM
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 LIV Sotheby's International Realty
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Investment Insights
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Built in 2019, this contemporary duplex provides nearly 4,200 square feet of living space on a 4,216-square-foot lot. The three-bedroom, five-bath layout includes an open main level with dining, sitting, kitchen, and family room areas. The kitchen is equipped with marble countertops, extensive cabinetry, a Viking refrigerator and freezer, an induction range, wet bar, and beverage cooler. Wide-plank engineered hardwood floors, a stone gas fireplace, and abundant natural light add to the interior finish package.
The upper levels include a primary suite with covered balcony, walk-in closet, and five-piece bath, plus a secondary bedroom with ensuite bath. A third-floor loft offers office, playroom, or fitness-room use and could be converted into a fourth conforming bedroom. The finished basement has 9-foot ceilings, a recreation and game room, guest suite, and full bath. Exterior features include dual rooftop decks, an outdoor living area with pergola and gas firepit, and a detached two-car garage. The property is minutes from Platt Park, DU, Harvard Gulch, Wash Park, Cherry Creek, Downtown Denver, and Littleton.
The upper levels include a primary suite with covered balcony, walk-in closet, and five-piece bath, plus a secondary bedroom with ensuite bath. A third-floor loft offers office, playroom, or fitness-room use and could be converted into a fourth conforming bedroom. The finished basement has 9-foot ceilings, a recreation and game room, guest suite, and full bath. Exterior features include dual rooftop decks, an outdoor living area with pergola and gas firepit, and a detached two-car garage. The property is minutes from Platt Park, DU, Harvard Gulch, Wash Park, Cherry Creek, Downtown Denver, and Littleton.
Key Highlights
- Nearly 4,200 square feet of living space on a 4,216‑square‑foot lot
- Three bedrooms and five bathrooms, including a primary suite with five‑piece bath
- Dual rooftop decks with Front Range views and gas plumbing for a firepit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,798
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,395,960
$1.4M
Cap Rate 7%
$997,114
$997.1K
Cap Rate 9%
$775,533
$775.5K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$105.8K $25.20/SF
− Vacancy
−$6.1K −$1.46/SF
EGI
$99.7K $23.74/SF
− OpEx
−$29.9K −$7.12/SF
NOI
$69.8K $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 Rate 5%
$1,395,960
Cap Rate 7%
$997,114
Cap Rate 9%
$775,533
Alternative Uses
Best Use
Multifamily LT 5
$997.1K
$872.5K – $1.16M
NOI $69,798 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$911.0K
$797.1K – $1.06M
NOI $63,771 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,591 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,025
Businesses Nearby
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Business Placement
Demographics for 80210, CO
39,394
Population
18,496
Households
2.1
Avg Household Size
33
Median Age
76%
College-Educated
99%
High-School Grad
6.1 sq mi
ZIP Area
6,458
Density / Sq Mi
$120,156
Median Household Income
$61,607
Median Earnings
$1,963
Median Rent
$870,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Denver, CO
Properties on Market for Duplexes in Denver
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - The residence features a finished basement, detached two-car garage, and owned solar panels.
Where is this duplex located?
The property is located at 2229 S Sherman St Denver, CO.
What is the asking price?
The asking price for this property is $1,187,500.
What are key features of this property?
This property features: Nearly 4,200 square feet of living space on a 4,216‑square‑foot lot; Three bedrooms and five bathrooms, including a primary suite with five‑piece bath; Dual rooftop decks with Front Range views and gas plumbing for a firepit
