Property
ActiveResidential
1/40
$1,199,900

3445 W Mansfield Avenue

Denver, CO 80236
10
Beds
5
Baths
4,515
SqFt
0.5
Acres
RECOLORADO
#4416130
Updated: May 25, 2026, 2:30am

Property Description

Turnkey Fourplex Investment Opportunity with Expansion Potential & Adjacent Land Upside!

Exceptional value-add multifamily investment opportunity located in a Qualified Opportunity Zone in the rapidly growing Sheridan/Denver market! This remodeled income-producing property offers a rare combination of strong in-place cash flow and future development potential.

Spanning approximately 4,515 sq ft,the property features a desirable unit mix including 2-and 3-bedroom units plus a studio. One of the property's standout value-add features is a unit currently leased to two separate tenants, generating enhanced rental income. All units are currently occupied, and leases will transfer with the sale.

The owner has invested heavily in recent capital improvements, including three new furnaces, HVAC upgrades, updated electrical service, critical sewer infrastructure work, and replacement of most windows throughout the property. Tenant amenities set this property apart with parking for 15+ vehicles, private yard areas, multiple storage sheds/outbuildings, and even a basketball court.

Positioned on an oversized lot with favorable zoning characteristics, the property also presents compelling long-term redevelopment and expansion potential. Current zoning may allow future expansion up to 8 units, subject to Buyer obtaining all required approvals and permits from the City of Sheridan. Seller is separately offering the adjacent land parcel located at 3435 ½ W Mansfield Ave (MLS #3939482), creating exciting possibilities for expanded parking,or future development opportunities.

Conveniently located minutes from Downtown Denver,Santa Fe Drive, and US-285, this property benefits from strong rental demand driven by accessibility, redevelopment activity, and proximity to major employment, shopping and dining.

Ideal for investors seeking immediate cash flow, long-term appreciation, or future development upside in one of the Denver metro area's evolving investment corridors.
Included Appliances
DishwasherDisposalDryerGas Water HeaterMicrowaveRangeRefrigeratorWasher

Property Details

Interior
Above Grade Finished Area
4515
Accessibility Features
Accessible Approach with Ramp
Appliances
DishwasherDisposalDryerGas Water HeaterMicrowaveRangeRefrigeratorWasher
Building Area Total
4515
Cooling
Central AirEvaporative Cooling
Flooring
Vinyl
Heating
Forced Air
Laundry Features
In Unit
Living Area
4515
Security Features
Carbon Monoxide Detector(s)Smoke Detector(s)
Construction
Also Marketed As
Residential Income
Building Area Source
Public Records
Common Walls
1 Common Wall2+ Common Walls
Construction Materials
BlockWood Siding
Levels
One
Livable Structure Count
Yes
Property Condition
Updated/Remodeled
Roof
Composition
Structure Type
Quadruplex
Year Built
1920
Site & Exterior
Electric
110V220 Volts
Exterior Features
Private YardRain Gutters
Fencing
Partial
Lot Features
LevelNear Public Transit
Lot Size Acres
0.5
Lot Size Area
0.5
Lot Size Square Feet
21780
Lot Size Units
Acres
Offstreet Spaces
15
Parking Features
Unpaved
Parking Total
15
Road Responsibility
Public Maintained Road
Sewer
Public Sewer
Utilities
Electricity ConnectedNatural Gas ConnectedPhone Available
Utility Billing To Tenants
Direct Billing from UtilityIncluded in Rent
Utility Metering
Common GasCommon WaterSeparate Electric
View
Mountain(s)
Water Source
Public
Zoning
Residential/Multi-family
Financials
Contract Earnest Check To
Land Title
Contract Min Earnest
30000.00
Lease Expiration
2026-12-31
Owner Pays
GasInsuranceTaxesTrash CollectionWater
Ownership
Individual
Parcel Number
031971870
Special Listing Conditions
None
Tax Annual Amount
4822
Tax Legal Description
LOTS 10-12 BLK 2 SHERIDAN
Tax Year
2025
Title Company
Land Title

Neighborhood & Lifestyle

Community & Association
School Of Choice
Yes
Senior Community
No
Subdivision Name
Sheridan
Schools
Ratings
Elementary
Alice Terry
Middle
Fort Logan Northgate
High
Sheridan
Elem. District
Sheridan 2
Middle District
Sheridan 2
High District
Sheridan 2
Listing provided courtesy of RECOLORADO via IDX. Updated: May 25, 2026, 2:30am.
Ivelina Mileva

Listing Agent

Equity Colorado Real Estate

Call Agent