Residential Income Property with Rooftop
For Sale
$749,999
Pending
828 N Cherry Street Unit 1, Denver, CO 80220
Tenant-occupied residence with a private yard, balcony, and detached garage.
Property Size1,777 SF
Days on Market70
Property Features for 828 N Cherry Street Unit 1
General Information
Standard status
Pending
Size
1,777 SF
Total Parking Spaces
1
Property subtype
Duplex
Occupancy
100%
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
Building Size
1,777 SF
Year Built
2025
Tenancy
Single
Listing Agency:
Resolute, Inc.
Listed By:
Jack Rohr · License #ER100067283
(303) 842-1869
Source:
Zencasarealty
Added: Aug 7
Changed: Oct 9
Last Checked: Oct 15 at 7:05AM
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.
Built in 2025, this tenant-occupied front residence includes three bedrooms, three bathrooms, and a contemporary open-concept interior. The home features a finished kitchen, abundant natural light, and a full-floor primary suite with a spa-style bathroom, walk-in closet, and private balcony. Outdoor amenities include a rooftop deck and fenced private yard, while a detached one-car garage provides dedicated parking. No HOA fees are reported.
The property is offered subject to an existing lease and is positioned two blocks from the 9th & Co development. Trader Joe’s, Cava, Postino, Frank & Roze Coffee Co., Rose Medical Center, Cherry Creek, and downtown Denver are identified as nearby destinations.
The property is offered subject to an existing lease and is positioned two blocks from the 9th & Co development. Trader Joe’s, Cava, Postino, Frank & Roze Coffee Co., Rose Medical Center, Cherry Creek, and downtown Denver are identified as nearby destinations.
Key Highlights
- Built in 2025 with 3 bedrooms and 3 bathrooms
- Existing lease with tenant occupancy
- Rooftop deck, private fenced yard, and private balcony
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.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,865
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
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - Tenant-occupied residence with a private yard, balcony, and detached garage.
Where is this residential income property located?
The property is located at 828 N Cherry Street Unit 1 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: Built in 2025 with 3 bedrooms and 3 bathrooms; Existing lease with tenant occupancy; Rooftop deck, private fenced yard, and private balcony
