NEW PRICE – $1,139,900! Fourplex Investment Opportunity with Strong Rental Income & Expansion Potential!
Now offered at $1,139,900, this income-producing multifamily property presents an outstanding opportunity for investors seeking immediate cash flow, long-term appreciation, and future development potential in the growing Sheridan/Denver market. Located within a Qualified Opportunity Zone, this approximately 4,515-square-foot property combines established rental income, extensive capital improvements, and exciting value-add possibilities.
The property features a versatile mix of 2- and 3-bedroom units plus a studio. One of its unique income-generating features is a unit currently leased to two separate tenants, maximizing rental potential. All units are occupied, providing immediate rental income, with existing leases transferring to the new owner.
Significant capital improvements include three new furnaces, HVAC upgrades, updated electrical service, major sewer infrastructure improvements, and replacement of most windows, helping reduce immediate capital expenditure needs.
Tenant amenities further distinguish this property, including parking for 15+ vehicles, private yard areas, multiple storage sheds/outbuildings, and a basketball court—features rarely found together in multifamily properties.
Beyond its current income potential, the oversized lot offers exciting possibilities for future growth. Current zoning may allow expansion to up to 8 units, subject to verification and required City of Sheridan approvals and permits. The seller is also offering the adjacent vacant land parcel at 3435 ½ W Mansfield Ave (MLS #3939482), recently reduced to just $99,900!
Conveniently located near Downtown Denver, Santa Fe Drive, and US-285, the property provides easy access to employment centers, shopping, dining, and major transportation corridors.
For sale
Price cut: $10K (10/8)
$1,139,900
3445 W Mansfield Avenue, Denver, CO 80236
10beds
4baths
4,515sqft
Quadruplex
Built in 1920
-- sqft lot
$1,107,900 Zestimate®
$252/sqft
$-- HOA
What's special
Basketball courtPrivate yard areasUpdated electrical serviceThree new furnacesHvac upgrades
- 153 days
- 238
- 16
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#: 4416130
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: $252/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
$1,107,900
$1.05M - $1.16M
$2,118/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/8/2026 | Price change | $1,139,900-0.9%$252/sqft |
Source: | ||
| 8/13/2026 | Price change | $1,149,900-4.2%$255/sqft |
Source: | ||
| 5/25/2026 | Price change | $1,199,900-4%$266/sqft |
Source: | ||
| 5/22/2026 | Listed for sale | $1,250,000+4.2%$277/sqft |
Source: | ||
| 7/1/2025 | Listing removed | $1,200,000$266/sqft |
Source: | ||
| 6/26/2025 | Listed for sale | $1,200,000+48.1%$266/sqft |
Source: | ||
| 12/29/2021 | Sold | $810,000-18.1%$179/sqft |
Source: Public Record Report a problem | ||
| 4/17/2020 | Listed for sale | $989,000+143.6%$219/sqft |
Source: Homesmart Realty Group Of Colorado #2586199 Report a problem | ||
| 8/11/2005 | Sold | $406,000+117.7%$90/sqft |
Source: Public Record Report a problem | ||
| 12/8/2003 | Sold | $186,500+33.2%$41/sqft |
Source: Public Record Report a problem | ||
| 10/8/1993 | Sold | $140,000$31/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 80236
Nearby schools
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.








