Remodeled Fourplex with
For Sale
$1,149,900
3445 W Mansfield Ave, Denver, CO 80236
Occupied multifamily property with varied unit layouts, private outdoor areas, storage buildings, and on-site recreational amenities.
Property Size4,515 SF
Price / SF$254.68
Days on Market85
Property Features for 3445 W Mansfield Ave
General Information
Standard status
Active
Size
4,515 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Opportunity Zone
Yes
Highway Access
Yes
Multifamily Units
4
Amenities
parking
private yard areas
storage sheds/outbuildings
basketball court
Building Details
Year Built
1920
Listing Agency:
Equity Colorado Real Estate
Listed By:
Ivelina Mileva · License #100109488
(720) 722-3209
Source:
Pathhometeam
Added: Jul 22
Changed: Oct 12
Last Checked: Oct 7 at 2:08PM
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 Equity Colorado Real Estate
Investment Insights
Based on property information with market context.
This remodeled fourplex contains approximately 4,515 sq ft and includes two- and three-bedroom layouts along with a studio. All units are occupied, and existing leases transfer with the sale. One unit is leased to two separate tenants. Recent capital work includes three new furnaces, HVAC improvements, updated electrical service, sewer infrastructure repairs, and replacement of most windows.
The property provides parking for 15+ vehicles, private yard areas, multiple storage sheds or outbuildings, and a basketball court. It sits on an oversized lot in a Qualified Opportunity Zone and was built in 1920. Current zoning may permit expansion to as many as 8 units, subject to City of Sheridan approvals and permits. The adjacent parcel at 3435 ½ W Mansfield Ave is offered separately. Downtown Denver, Santa Fe Drive, and US-285 are minutes away.
The property provides parking for 15+ vehicles, private yard areas, multiple storage sheds or outbuildings, and a basketball court. It sits on an oversized lot in a Qualified Opportunity Zone and was built in 1920. Current zoning may permit expansion to as many as 8 units, subject to City of Sheridan approvals and permits. The adjacent parcel at 3435 ½ W Mansfield Ave is offered separately. Downtown Denver, Santa Fe Drive, and US-285 are minutes away.
Key Highlights
- Approximately 4,515 sq ft fourplex with all units occupied and leases transferring at sale
- Unit mix includes 2- and 3‑bedroom layouts plus a studio
- Capital improvements include three new furnaces, HVAC upgrades, electrical work, sewer repairs, and most window replacements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,033
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,500,660
$1.5M
Cap Rate 7%
$1,071,900
$1.1M
Cap Rate 9%
$833,700
$833.7K
Market Conditions
NOI Build-Up for 4,515 SF
Gross rent
$113.8K $25.20/SF
− Vacancy
−$6.6K −$1.46/SF
EGI
$107.2K $23.74/SF
− OpEx
−$32.2K −$7.12/SF
NOI
$75.0K $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%
$1,500,660
Cap Rate 7%
$1,071,900
Cap Rate 9%
$833,700
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$937.9K – $1.25M
NOI $75,033 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$979.3K
$856.9K – $1.14M
NOI $68,554 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,610 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
649
Businesses Nearby
Explore this area
Business Placement
Demographics for 80236, CO
16,565
Population
6,549
Households
2.5
Avg Household Size
37
Median Age
32%
College-Educated
83%
High-School Grad
3.2 sq mi
ZIP Area
5,177
Density / Sq Mi
$83,543
Median Household Income
$49,921
Median Earnings
$1,636
Median Rent
$495,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Occupied multifamily property with varied unit layouts, private outdoor areas, storage buildings, and on-site recreational amenities.
Where is this quadplex located?
The property is located at 3445 W Mansfield Ave Denver, CO.
What is the asking price?
The asking price for this property is $1,149,900.
What are key features of this property?
This property features: Approximately 4,515 sq ft fourplex with all units occupied and leases transferring at sale; Unit mix includes 2- and 3‑bedroom layouts plus a studio; Capital improvements include three new furnaces, HVAC upgrades, electrical work, sewer repairs, and most window replacements
