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.
For sale
Price cut: $50K (8/13)
$1,149,900
3445 W Mansfield Avenue, Denver, CO 80236
10beds
4baths
4,515sqft
Quadruplex
Built in 1920
-- sqft lot
$1,116,100 Zestimate®
$255/sqft
$-- HOA
What's special
Basketball courtPrivate yard areasUpdated electrical serviceThree new furnacesHvac upgrades
- 107 days
- 303
- 9
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: $255/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
$1,116,100
$1.06M - $1.17M
$1,476/mo
Price history
| Date | Event | Price |
|---|---|---|
| 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 | Price change | $1,250,000+4.2%$277/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
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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.








