Modern Half-Duplex
For Sale
$750,000
2235 S Cherokee St, Denver, CO 80223
Three-level property with flexible living areas, private outdoor space, and a detached garage without HOA restrictions.
Property Size2,294 SF
Days on Market137
Property Features for 2235 S Cherokee St
General Information
Standard status
Active
Size
2,294 SF
Total Parking Spaces
2
Property subtype
Duplex
Site & Location
Neighborhood
Overland
Public Transit
Yes
Units
Multifamily Units
1
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$4,517
Amenities
private backyard
hardwood floors
new carpet
open main level
soapstone countertops
stainless steel appliances
large island
French doors
fully fenced backyard
side patio
Trex deck
newer hot tub
grassy area
raised garden beds
potting station
walk-in closet
mini split AC
5 piece bath
soaking tub
separate shower
bonus room with wet bar
rooftop area
mountain views
central AC
Building Details
Building Size
2,294 SF
Year Built
2016
Stories
3
Listing Agency:
eXp Realty, LLC
Listed By:
Kathy Hansen · License #100044644
(303) 589-2462
Source:
Guidere
Added: Jun 18
Changed: Oct 31
Last Checked: Oct 30 at 9:25PM
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 eXp Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 2016, this modern half duplex offers three levels of flexible living space, including 3 bedrooms, a main-floor office, and an open living level with newly refinished hardwood floors, brand-new carpet, natural light, soapstone countertops, black stainless steel appliances, generous storage, and a large island. French doors open to the fully fenced backyard, while the dining area connects to a side patio. Outdoor improvements include a Trex deck, newer hot tub, grassy pet area, raised garden beds, and space for a potting station.
The primary suite includes a walk-in closet with built-ins, mini split AC, and a 5-piece bath with a soaking tub and separate shower. Two additional bedrooms and a full bath are located upstairs. The third floor adds a bonus room with a wet bar and mini split AC, plus a west-facing rooftop area with mountain views and Colorado sunsets. Central AC, a detached 2-car garage, no HOA, and access to light rail, Broadway, Downtown Denver, and Downtown Littleton complete the property.
The primary suite includes a walk-in closet with built-ins, mini split AC, and a 5-piece bath with a soaking tub and separate shower. Two additional bedrooms and a full bath are located upstairs. The third floor adds a bonus room with a wet bar and mini split AC, plus a west-facing rooftop area with mountain views and Colorado sunsets. Central AC, a detached 2-car garage, no HOA, and access to light rail, Broadway, Downtown Denver, and Downtown Littleton complete the property.
Key Highlights
- Modern 2016 half duplex with three levels of flexible living space
- 3 bedrooms plus a main‑floor office that could become a 4th bedroom with a closet
- Detached 2‑car garage, private fully fenced backyard, Trex deck, and side patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,831
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$696,620
$696.6K
Cap Rate 7%
$497,586
$497.6K
Cap Rate 9%
$387,011
$387.0K
Market Conditions
NOI Build-Up for 2,294 SF
Gross rent
$67.4K $29.40/SF
− Vacancy
−$4.1K −$1.79/SF
EGI
$63.3K $27.61/SF
− OpEx
−$28.5K −$12.42/SF
NOI
$34.8K $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%
$696,620
Cap Rate 7%
$497,586
Cap Rate 9%
$387,011
Alternative Uses
Best Use
Apartment 5plus
$497.6K
$435.4K – $580.5K
NOI $34,831 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$730.3K
$639.0K – $852.0K
NOI $51,118 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,249
Businesses Nearby
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Business Placement
Demographics for 80223, CO
19,862
Population
9,532
Households
2.1
Avg Household Size
34
Median Age
46%
College-Educated
87%
High-School Grad
5.3 sq mi
ZIP Area
3,748
Density / Sq Mi
$80,461
Median Household Income
$50,567
Median Earnings
$1,650
Median Rent
$497,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Three-level property with flexible living areas, private outdoor space, and a detached garage without HOA restrictions.
Where is this residential income property located?
The property is located at 2235 S Cherokee St Denver, CO.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Modern 2016 half duplex with three levels of flexible living space; 3 bedrooms plus a main‑floor office that could become a 4th bedroom with a closet; Detached 2‑car garage, private fully fenced backyard, Trex deck, and side patio
