$699,900
2645-2675 S Cherry St, Denver, CO 80222
DU‑Adjacent Duplex — 6 Beds, 2 Baths, Value‑Add Opportunity
6 Bed · 2 Bath · 2,257 Sq Ft
Two 3-bed units steps from Yale light rail and the University of Denver.
6
Beds
2
Baths
2,257
Sq Ft
1958
Built
See listing / urban lot
Lot
Single-car garage + covered off-street stall
Garage
About 2645-2675 S Cherry St
Rare south-Denver duplex offering with immediate income and clear upside. This traditional 1958 two-unit building totals 2,257 finished square feet and is configured as two mirror 3-bedroom/1-bath units (each roughly 1,026 SF) — plus a 205 SF basement bonus room with outside access on one side. Both units feature washer/dryer hookups and are currently occupied on month-to-month tenancy, presenting a fast path to rent normalization for a buyer seeking immediate cash flow.
The property includes a single-car garage for one unit and a covered off-street parking stall for the other, along with a gated backyard that provides private outdoor space unusual for this price point so close to campus. The building’s layout is straightforward and lends itself to light cosmetic renovation: new flooring, refreshed kitchens/baths, and targeted mechanical upgrades will meaningfully lift rents and values in this highly rentable micro‑market.
Location is the standout: walk to the Yale Street RTD light rail station and the University of Denver in minutes. Commuting is easy (I-25 and South Broadway are a short drive), and neighborhood amenities — coffee shops, restaurants, grocers, and parks — are all within a short stroll. The seller also indicates an adjacent duplex is available, creating the rare chance to assemble a four-plex and realize scale efficiencies.
This property is well-suited to an investor-operator, an owner-occupier who wants rental income from the second unit, or a buyer aiming to consolidate neighboring sites. Bring your contractor and your underwriting — the upside from modest improvements and market rents is tangible. Contact Angela Fox for details and to schedule a showing.
Home Highlights
Property Features
Interior Features
- Two 3-bed / 1-bath units (~1,026 SF each)
- Basement bonus room (205 SF) with exterior access on one side
- Washer/dryer hookups in both units
- Traditional 1958 layout suitable for light renovation
Exterior & Lot
- Gated backyard for private outdoor use
- Single-car garage (one unit) + covered off-street stall (other unit)
- Street access on S Cherry St; alley/side-yard access to basement
- Urban lot with mature landscaping
Location & Neighborhood
- Walkable to University of Denver (≈0.3 mi)
- Steps from Yale light rail station (≈0.1–0.2 mi)
- Quick drive to South Broadway retailers and I-25
- Strong tenant pool: students, staff, young professionals
Walkability & Recreation
- Walkability Rating: 86/100
- Nearby parks: Observatory Park and neighborhood greenways
- Easy access to bike routes and transit
- Short walk to cafés, restaurants and local shops
Neighborhood & Location
The University-area pocket south of DU mixes older single-family homes, small multifamily buildings, and student-focused rentals. Walkable streets, easy access to the Yale light rail stop, and a cluster of restaurants and services along South Broadway make this one of Denver's most active small-scale rental markets. The neighborhood tends to draw a blend of long-term residents and transient university renters, creating steady tenant demand and consistent interest from investor buyers.
Market Insights
Neighborhood demand remains firm around the University of Denver. Buyers include faculty, graduate students, owner/investors and small multifamily owners who prize transit access and proximity to campus. In 2025–2026 the DU corridor exhibited low inventory, short days-on-market for well-priced multifamily assets, and modest annual appreciation. This duplex lists at $699,900 (≈$310/SF) — competitive for the area when factoring in existing occupancy and parking. Underwrite assuming a conservative vacancy and allow modest capex to reposition rents; the asset is positioned to perform in a market with steady rental demand and limited new supply within walking distance of campus.
Nearby Schools
Denver Public Schools (verify assignment)
District · N/A
South High School
High · 1.0 mi (approx.)
Local elementary/middle (verify with DPS)
Elementary/Middle · Within 1–2 mi
Walkability & Recreation
Strong access to neighborhood parks, bike routes and DU recreational facilities. Walkable errands and transit access make day-to-day life car-light for many tenants.
Investment Highlights
- Prime proximity to University of Denver and Yale light rail station (walkable).
- Two 3-bed/1-bath units — total **6 beds / 2 baths**, 2,257 SF — easy rent roll upside.
- One basement bonus room (205 SF) with exterior access increases usable area.
- Low entry price relative to replacement cost for multi-family near DU (value-add opportunity).
- Existing occupancy on month-to-month leases allows re-pricing to market quickly.
Key Findings
- List price: $699,900; AVM: ~$712,700; price per SF: $310.
- Two units — each ~1,026 SF — both 3BR/1BA; additional basement room on one side adds flexibility.
- Year built: 1958; condition: average — cosmetic & systems likely need typical upkeep.
- Parking: one single-car garage + one covered off-street stall.
- Tenant status: month-to-month rentals; seller reports under-market leases.
Things to Consider
- Leases are month-to-month and under-market — potential for turnover and short-term vacancy during rent-up.
- Aging systems (mechanical/electrical/plumbing) typical of 1958 construction could require capital expenditures.
- Zoning specifics and any overlay restrictions must be confirmed with City of Denver prior to repositioning or conversion plans.
Opportunity Analysis
Acquire a transit- and university-adjacent duplex with immediate rent-up and light-renovation upside. Rent normalization or modest unit upgrades should materially increase cash flow; purchasing the adjacent duplex (seller notes availability) could create a four-plex scale advantage and operational efficiencies.
Potential Use Scenarios
- Underwrite conservatively with assumed 1–2 months vacancy for turnover and $10k–$25k capex for unit refresh (painting, flooring, kitchens/baths touches).
- Negotiate purchase price for quick-close investor (consider inspection contingency focused on mechanicals only).
- Pursue rent adjustments to market on lease turnover; market both units to student/grad/professional tenant pool.
- Explore acquiring adjacent duplex to achieve four-plex scale and consolidate management.
Risk Factors
- Tenant turnover concentrated around academic calendar could produce seasonal vacancy.
- Potential for deferred maintenance and higher-than-expected capital expenditures.
- Local rent control or legislative changes could impact planned rent increases (monitor municipal policy).
Buyers should conduct independent due diligence before making any purchase decisions.
AI Valuation Estimate
Low
$660K
Midpoint
$700K
High
$740K
$310/SF estimated price per square foot
Estimate anchored to the current list price ($699,900) and AVM ($712,739). Adjusted for duplex configuration, proximity to University of Denver and Yale light rail, in-place month-to-month leases (under-market), and typical condition for 1958 vintage buildings in south Denver.
As of 2026-03-12
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Market & Area Data
Market Trends
Demographics
Neighborhood mix of long-term residents and transient student/young-professional population driven by proximity to university. Moderate income growth and steady demand for rental units given campus and transit access.
Nearby Points of Interest
- University of Denver (0.3 mi)
- Yale Light Rail Station (0.1-0.2 mi)
Short walk to University of Denver campus, quick access to Yale light rail station (E, H lines), neighborhood restaurants and coffee shops on South Broadway and near DU, nearby Observatory Park and local grocery/amenities within 1 mile.
School District
Market data is based on aggregated public records and may not reflect real-time conditions.
Property Details
Building Details
Lot & Site
Utilities
Zoning & Land Use
Allowed Uses
Tax & Sale History
Tax Assessment
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