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29 photos
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$2,890,000
Est. payment /mo
11,184 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 11,184 sqft
Price per Sqft $258
MLS Listing ID 4256131
HOA Y/N No
Year Built 1961
Annual Tax Amount $4,051
Tax Year 2024
Lot Size 0.920 Acres
Acres 0.92
Property Sub-Type Multi Family
Source recolorado
Property Description
This is for the sale of 8662, 8672, 8682 W 51st Avenue Arvada, CO 80002 (3 separate addresses and adjacent parcels being sold together). This offering presents a rare opportunity to acquire three well-maintained four-plex buildings in Arvada, Colorado—an established and growing submarket within the Denver Metro area. With current rents below market, there is significant upside potential through rent optimization and value-add strategies. The property consistently attracts long-term tenants due to its strong curb appeal, excellent upkeep, desirable location, and overall affordability. It is well-positioned for investors seeking stable cash flow and long-term appreciation in a high-demand rental market. Each of the twelve townhome-style units features private fenced patios, access to a central laundry facility, and recent interior updates. Situated on over an acre of land, the property offers ample off-street parking and expansive landscaped grounds, including large grassy common areas. Ideally located near parks, trails, shopping centers, and vibrant Old Town Arvada, this asset is a strategic addition to any investment portfolio. 3 INDIVIDUALLY PARCELED FOUR-PLEX BUILDINGS. (12) 2BR/1BA TOWNHOME STYLE UNITS WITH INDIVIDUAL BACK PATIOS. NEW ELECTRICAL PANELS; NEWER WINDOWS AND SLIDING GLASS DOORS. 8 OUT OF 12 UNITS HAVE BEEN RENOVATED. $100/UNIT IN RENT UPSIDE IN AS-IS CONDITION. LOW HISTORIC VACANCY.
Location
State CO
County Jefferson
Interior
Fireplace N
Exterior
Total Parking Spaces 24
Garage No
Building
Sewer Public Sewer
Water Public
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Pinnacle Real Estate Advisors
Learn More About LPT Realty
Cesar Peña
Real Estate Advisor | License ID: FA.100097076
Real Estate Advisor License ID: FA.100097076