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982 S Sheridan Boulevard, Denver, CO, 80226

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982 S Sheridan Boulevard, Denver, CO, 80226

20 Beds
10 Baths
7,500 SqFt
0 Acres

Listing Id

REC6970158
$1,500,000

Marcus & Millichap is pleased to present the exclusive opportunity to acquire 982 S Sheridan Blvd, a fully renovated, stabilized multifamily investment located in the desirable West Denver submarket. The property offers investors a compelling combination of strong in-place income, immediate upside through rent normalization, and additional NOI growth through utility reimbursement implementation.

With all major renovations completed, the asset is positioned as a low-risk, turnkey acquisition with predictable operations and limited ongoing capital requirements. Several in-place leases remain below market, allowing a new owner to enhance returns through natural lease turnover rather than speculative value-add strategies. Additionally, individual metering for gas and electricity provides a straightforward opportunity to improve expense recoveries and increase net operating income.

982 S Sheridan Blvd represents an attractive opportunity for investors seeking a stabilized multifamily asset with multiple day-one income growth levers, durable tenant demand, and long-term appreciation supported by Denver’s strong market fundamentals.

Property Details
Price:
$1,500,000
MLS #:
REC6970158
Status:
Active
Beds:
20
Baths:
10
Type:
Multi Family
Structure:
Quadruplex
Subdivision:
Westwood
Finished Sq Ft:
7,500
Total Sq Ft:
7,500
Year Built:
1956
WestwoodDenver 1ForceDsst: Byers Middle SchoolJohn F. Kennedy
Interior
Above Grade Finished Area
7500
Cooling
Central Air
Heating
Forced Air
Levels
One
Exterior
Construction Materials
Brick
Lot Features
Level
Parking Spots
16
Parking Total
16
Roof
Unknown
Schools
School District:
Denver 1
Elementary School:
Force
Middle School:
DSST: Byers Middle School
High School:
John F. Kennedy
Financial
Tax Year
2024
Taxes
$9,525

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982 S Sheridan Boulevard
Denver, CO