828 Cherry St - Multi-Family FOR SALE


Denver, CO 80220- Hale
$1,520,000 USD
727-434-4711
828 Cherry St, Denver, CO for Sale
$1,520,000 USD
Multi-Family - FOR SALE
1/11
null | 6.65% Cap Rate

828 Cherry St
Denver, CO 80220
Hale


HIGHLIGHTS

  • 100% occupied at closing -- immediate, stabilized cash flow
  • 2025 new construction -- zero deferred maintenance
  • Rooftop decks, private yards, and Class A finishes. Townhome-scale units
  • 6.46% going-in cap rate | 23.79% levered IRR

OVERVIEW

828 Cherry Street presents a rare opportunity to acquire a fully stabilized, newly constructed Class A duplex in Denver's highly supply-constrained 80220 submarket — steps from Cherry Creek North, Rose Medical Center, and the 9th & Co mixed-use corridor. The property consists of two townhome-scale units (1,770 SF front / 1,750 SF rear), each featuring rooftop decks with panoramic views, designer kitchens with quartz countertops and integrated appliances, spa-inspired bathrooms, wide-plank flooring, and private yards. Delivered December 2025 and 100% occupied at closing — no lease-up risk, no deferred maintenance, builder warranties in place. Offered at $1,520,000 ($760,000/unit) with a 6.46% going-in cap rate and 23.79% levered IRR over a 5-year hold at 65% LTV / 6.00% interest rate. Year 1 cash-on-cash of 4.11% with an equity multiple of 2.77x. Ideal for the 1031 exchange buyer seeking new construction with immediate, de-risked income. Individual duplex parcel structure provides clean title and straightforward exit optionality. Part of a 5-building, 10-unit portfolio at 826–838 Cherry Street available at $7,600,000. Contact Jack Rohr (303-842-1869) or Dustin West (727-434-4711) at Resolute, Inc. for the offering memorandum and financials.

FOR SALE DETAILS

PRICE

$1,520,000 USD

PRICE/SF

$432 USD /SF

# OF UNITS

2

PRICE/UNIT

$760,000

CAP RATE

6.65%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cherry Street Duplex

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,124 SF

ZONING

G-MU-5

APN/PARCEL ID

06063-06-102-000,06063-06-103-000

ASK ABOUT THIS PROPERTY

Dustin WestResolute IncMore Info
727-434-4711

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Dustin WestResolute IncMore Info
727-434-4711

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.