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For sale
  • Price cut: $50.1K (5/25)
    $1,199,900

    3445 W Mansfield Avenue, Denver, CO 80236

    10beds
    4baths
    4,515sqft
    : 
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    Quadruplex
    Built in 1920
    -- sqft lot
    $1,153,800 Zestimate®
    $266/sqft
    $-- HOA

    What's special

    Basketball courtPrivate yard areasUpdated electrical serviceThree new furnacesHvac upgrades
    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.
    59 days
    |
    225
    |
    10
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Ivelina Mileva 720-231-5475 Ivelina.Realtor@gmail.com,

    Equity Colorado Real Estate

    Source: REcolorado as distributed by MLS GRID,MLS#: 4416130MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 10
      • Bathrooms: 4
      Heating
      • Forced Air
      Cooling
      • Central Air, Evaporative Cooling
      Appliances
      • Included: Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer
      • Laundry: In Unit
      Features
      • Flooring: Vinyl
      • Has basement: No
      • Common walls with other units/homes: 1 Common Wall,2+ Common Walls
      Interior area
      • Total structure area: 4,515
      • Total interior livable area: 4,515 sqft
      • Finished area above ground: 4,515

      Property

      Parking
      • Total spaces: 15
      • Details: Off Street Spaces: 15
      Accessibility
      • Accessibility features: Accessible Approach with Ramp
      Features
      • Levels: One
      • Stories: 1
      • Exterior features: Private Yard, Rain Gutters
      • Fencing: Partial
      • Has view: Yes
      • View description: Mountain(s)
      Lot
      • Size: 0.5 Acres
      • Features: Level, Near Public Transit
      Details
      • Parcel number: 031971870
      • Zoning: Residential/Multi-family
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Quadruplex
      • Attached to another structure: Yes
      Materials
      • Block, Wood Siding
      • Roof: Composition
      Condition
      • Updated/Remodeled
      • Year built: 1920

      Utilities & green energy

      • Electric: 110V, 220 Volts
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Natural Gas Connected, Phone Available

      Community & HOA

      Community
      • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
      • Subdivision: Sheridan
      HOA
      • Has HOA: No
      Location
      • Region: Denver

      Financial & listing details

      • Price per square foot: $266/sqft
      • Tax assessed value: $780,000
      • Annual tax amount: $4,822
      • Date on market: 5/22/2026
      • Listing terms: 1031 Exchange,Cash,Conventional,Jumbo,Other
      • Exclusions: None
      • Ownership: Individual
      • Tenant pays: Electricity
      • Electric utility on property: Yes

        Estimated market value

        $1,153,800

        $1.10M - $1.21M

        $1,654/mo

        Price history

        DateEventPrice
        5/25/2026Price change$1,199,900-4%$266/sqft
        Source: REcolorado as distributed by MLS GRID #4416130 Report a problem
        5/22/2026Price change$1,250,000+4.2%$277/sqft
        Source: REcolorado as distributed by MLS GRID #4416130 Report a problem
        6/26/2025Listed for sale$1,200,000+48.1%$266/sqft
        Source: HomeSmart #7328143 Report a problem
        12/29/2021Sold$810,000-18.1%$179/sqft
        Source: Public Record Report a problem
        4/17/2020Listed for sale$989,000+143.6%$219/sqft
        Source: Homesmart Realty Group Of Colorado #2586199 Report a problem
        8/11/2005Sold$406,000+117.7%$90/sqft
        Source: Public Record Report a problem
        12/8/2003Sold$186,500+33.2%$41/sqft
        Source: Public Record Report a problem
        10/8/1993Sold$140,000$31/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$4,821 +9.3%$48,750 +0.4%
        2024$4,411 +18%$48,576 -7.9%
        2023$3,738 -1.1%$52,767 +32.6%
        2022$3,780 $39,780 -4.9%
        2021-- $41,828 +44.2%
        2020$3,058 -40.7%$29,015
        2019$5,157 --
        2018$5,157 +20.2%$47,124
        2017$4,291 $47,124 +11.1%
        2016-- $42,427
        2015-- $42,427 +2.7%
        2014$3,912 +17.3%$41,296 +19.2%
        2013$3,336 $34,630
        2012-- $34,630
        2011$3,776 -0.2%$34,630 -27.1%
        2010$3,784 +47.6%$47,500
        2009$2,563 $47,500 +47.7%
        2008-- $32,159
        2007-- $32,159 +113.8%
        2006-- $15,044
        2005-- $15,044 -6.3%
        2002$1,185 +11.1%$16,060 +19.4%
        2001$1,066 $13,450
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 80236

        Getting around

        55 / 100
        Somewhat Walkable
        33 / 100
        Some Transit
        60 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Alice Terry
        • Middle: Fort Logan Northgate
        • High: Sheridan
        • District: Sheridan 2

        Source: REcolorado as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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