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1475 Cherry Street
Denver, CO 80220
Yesterday
REDUCED
$2,600,000
Active
12,339
Sqft
0.32
Acres
1946
Yr. Built
MLS# 9343269
Cumulative Days on Market: 96 · Includes prior listings · Currently listed since 07/02/26 · Data provided by the MLS.

Property Description

Prime Investment Opportunity With Seller Financing Available: 17-Unit Apartment Complex in Denver with Value-Add
Potential Nestled just steps from Colfax Avenue, Denver's vibrant cultural and commercial corridor, this 17-unit apartment
complex presents an unparalleled opportunity for investors. This property boasts a blend of urban convenience and
untapped potential, making it an ideal choice for those seeking to maximize returns in one of Denver’s most dynamic
neighborhoods. Property Highlights: Unit Mix: A built-for property with a versatile mix of 1-bedroom and 2-bedroom
apartments, catering to a broad tenant base. Location: Situated within walking distance to Colfax Avenue, this property
offers easy access to restaurants, breweries, coffee shops, and boutique retail. The proximity to public transportation and
major thoroughfares ensures strong tenant demand. Upside Potential: While currently stabilized with consistent
occupancy, this property offers significant room for upside potential through strategic upgrades. On-Site Amenities:
Includes dedicated parking, a shared courtyard space, and on-site laundry facilities—features that are highly desirable for
tenants in this area. Value-Add Opportunities: Renovation Potential: Cosmetic updates to kitchens, bathrooms, and flooring
could drive up rental income. Energy Efficiency Upgrades: Implementing energy solutions like LED lighting, low-flow
fixtures, and solar panels could lower operating costs. Reconfiguration Options: Certain units offer the potential for
conversion or reconfiguration to maximize rental income. Neighborhood Features: Colfax Avenue is the heartbeat of
Denver, offering entertainment venues, art galleries, and nightlife. This property’s location also benefits from proximity to
several parks, schools, and employment hubs, ensuring a steady stream of qualified tenants. The area is experiencing
continued growth, with developments and revitalization efforts enhancing its long-term value

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Property Highlights

Property Type
Commercial Sale
Property Sub Type
Multi Family
Acres
0.32
Year Built
1946

Location

City/Township
Denver
County
Denver
Zoning
U-TU-C

Property Details

Price
$2,600,000
Property Type
Commercial Sale
Property Sub Type
Multi Family

Building

Structure Type
Low Rise (1-3)
Total Area
12,339

Interior Features

Area and Spaces

Number of Units
17

Building Details

Construction

Year Built
1946

Materials

Construction Materials
Brick, Frame
Roof
Rolled/Hot Mop

Terms

Commercial

Cap Rate
5.74

Rental Terms

Owner Pays
Electricity, Trash Collection, Water

Terms

Special Terms
Cash, Owner Will Carry

Taxes

Tax

Tax (Annual)
$21,528

Heating, Cooling & Utilities

Utilities

Sewer
Public Sewer
Water Source
Public

Lot

Acres
0.32
Lot Size
14,100
Lot Size Area Sq Ft
14,100
Lot Features
Landscaped, Sprinklers In Front
Road Surface
Paved
Road Frontage
Public

Parking

Total Parking Spaces
6
Listed by The Old Country Real Estate Group LLC, joeprinzi@oldcountryre.com, 720-939-3600
Listing Data last updated 10/04/2026 06:00 pm
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Property History

Today
Property information last updated
Yesterday
Date of last price change
94 days ago
Status Active. This is the date the listing was placed on market.
Cumulative Days on Market: 96 days (includes prior listings) · Currently listed since July 2, 2026. Data provided by the MLS.

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