7609 Sherman Pl
About This Property
This home will not last!! Show and Sell today!!
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 6, 2025 | Listed | $549,900 | |
| Listed | |||
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| Aug 7, 2025 | No longer available | - | |
| No longer available | |||
| Apr 19, 2025 | Price Decreased |
$539,900
↓ $5K
(0.9%) | |
| Price Decreased | |||
| Feb 6, 2025 | Listed | $544,900 | |
| Listed | |||
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Welcome to 7609 Sherman Place, a beautifully updated home in the desirable Sherrelwood Estates neighborhood. This versatile property is perfect for homeowners looking to offset their mortgage (House Hack) or for investors seeking multiple income streams.
Nestled on a spacious corner lot, this home has been thoughtfully updated, creating a warm and inviting atmosphere from the moment you step inside. The main level boasts a bright floor plan, featuring gleaming wood floors, spacious living space, and a stylish kitchen with sleek quartz countertops. With two comfortable bedrooms and a beautifully updated bathroom, this level is designed for cozy, modern living.
Downstairs, the fully finished basement offers even more possibilities. Featuring its own kitchen, living area, two additional bedrooms, and a private bath, this space functions perfectly a long-term rental, or short-term Airbnb opportunity. Whether you're looking to house hack by living in one unit while renting the other, lease to long-term tenants, or maximize income by renting the entire home as a four-bedroom, two-bath property, the flexibility here is unmatched.
Outside, the private fenced yard and covered patio provide a peaceful retreat, ideal for morning coffee, evening relaxation, or entertaining guests. With ample parking, easy access to downtown Denver, and proximity to major highways, this home offers both convenience and a fantastic lifestyle.
Whether you're searching for a turnkey investment, a multi-generational living solution, or a place to call home while generating income, 7609 Sherman Place is a rare find. Don't miss the chance to own a stunning, updated home with incredible earning potential-schedule your showing today!
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| Apr 20, 2024 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017