828 Cherry St - Cherry Street Duplex 2 Unit Apartment Building Offered at $1,520,000 at a 6.65% Cap Rate Denver, CO 80220

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.