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$2,600,000

  • For Sale
  • Active
  • Commercial Multi-Family
  • 8,998 Sq. Ft.
  • 4 Parking Spaces
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NICE 13-UNIT APARTMENT BUILDING WITH GREAT INCOME AND FABULOUS POTENTIAL! Great solid-brick apartment building in great condition in desirable quiet residential neighborhood. Walking distance to south Broadway corridor, including restaurants, retail, and nightlife. Close to Baker & West Washington Park neighborhoods. Professionally managed building & well-maintained with solid, strong income and tremendous upside potential! Newer windows throughout building, 10 of 13 units have been totally remodeled over past few years. Secure building, four off-street parking spot, four balcony units - building consists of two studio, ten one bedroom, and one two-bedroom penthouse apartment. Low vacancy rate. 2024 Cap Rate was 4.79, but 06/2025 rent increases bring projected new Cap Rate of 5.92 with room for additional increases. Operating costs included remodeling expenses of some units. 2024 assessed value is $3,497,000. This is truly a rare opportunityto own a great income-producing multi-familly property with tremendous upside. Hurry - this property will not last long!

Full Property Details for 44 S Sherman St

General

  • Price: $2,600,000
  • Taxes: $18,265 (2024)
  • Status: Active
  • Type: Commercial Multi-Family
  • Source: MetroList_Colorado
  • MLS ID: 4847818
  • Updated: 9/9/2025
  • Added to Site: 301 day(s) ago

Rental Information

  • Complex Features: Coin Laundry

Additional Information

  • Security/Safety: Carbon Monoxide Detector(s), Security Entrance, Smoke Detector(s)

Exterior

  • Exterior Features: Balcony, Lighting

Parking

  • Total Spaces: 4
  • Parking Features: Exterior Access Door, Lighted

Location

  • County: Denver
  • Building Name: Sherman Manor

Community

  • Pets Allowed: Yes

Utilities

  • Gas: Yes
  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected

Structural Information

  • Architectural Style: Traditional
  • Structure Type: Low Rise (1-3)
  • Construction: Brick
  • Roof: Membrane
  • Stories/Levels: 3
  • Square Feet: 8,998
  • Current Bldg. Use: Multi-Family, Residential
  • Year Built: 1960

Lot Features

  • Lot Size (Acres): 0.15
  • Lot Size (Sq. Ft.): 6,442
  • Frontage: Public
  • Street/Road Desc.: Alley Paved
  • Road Maintenance: Public Maintained Road
  • Lot Features: Near Public Transit
  • Zoning: G-MU-3

Financial Considerations

  • Operating Expenses: Accounting, Advertising, Insurance, Maintenance, Professional Management, Real Estate Tax
  • Tax Amount: $18,265
  • Tax Year: 2024
  • Terms: Cash, Conventional
  • Owner Pays: Gas, Taxes, Trash Collection, Water
  • Tenant Pays: Cable TV, Electricity, Internet, Telephone

Disclosures and Reports

  • Special Conditions: None
  • Documents Avail.: Profit/Loss Statement
  • Legal Description: L 12 & 13 BLK 3 PIERCE & HINMANS ADD TO BROADWAY TERRACE
  • Property ID: 5104-11-009

Listed by Bunnell Real Estate Services

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Listing agent

— 44 S Sherman St —

  • Bunnell Real Estate Services

kevin@bunnellrealestateservices.com,720-515-3338

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 44 S Sherman St

School District:Denver County School District 1
NameGradesDistance
Dora Moore ECE - 8th Grade School
846 Corona Street, Denver, CO 80218
PK-51.1 mi
Grant Middle School
1751 South Washington Street, Denver, CO 80210
6-82.1 mi
South High School, Denver, CO
1700 East Louisiana Avenue, Denver, CO 80210
9-121.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Tax History for 44 S Sherman St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$18,265
2%
$230,610
—
2023
$17,869
30%
$230,610
31%
2021
$13,774
—
$175,560
-5%
2021
$13,774
-9%
$184,600
-10%
2020
$15,217
3%
$205,090
—
2019
$14,790
19%
$205,090
27%
2018
$12,471
—
$161,200
—
2017
$12,434
18%
$161,200
25%
2016
$10,532
4%
$129,150
—
2015
$10,090
30%
$129,150
39%
2014
$7,736
—
$93,140
—
2013
$7,739
—
$93,140
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Bunnell Real Estate Services

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44 S Sherman Street, Denver, CO 80209 (MLS# 4847818) is a Commercial Multi-Family property. 44 S Sherman Street is currently listed for $2,600,000 and was received on March 22, 2025. Want to learn more about 44 S Sherman Street? Do you have questions about finding other Commercial Multi-Family real estate for sale in Denver? You can browse all Denver real estate or contact a Coldwell Banker agent to request more information.

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