Exceptional fourplex opportunity in Wheat Ridge, just minutes from Denver and with convenient access to the foothills and mountain recreation.. This meticulously maintained multifamily property offers a rare owner-occupant opportunity to live in one unit while generating rental income from the others. Built and carefully maintained by the current owner/developer, this income-producing property reflects a level of quality and care that is difficult to find.The fourplex features a desirable unit mix with two ranch-style units and two two-story units, appealing to a wide range of tenants. Situated at the end of a quiet cul-de-sac, the property offers a private, residential setting with strong tenant appeal and consistent rental demand. Rents are currently below market, presenting a clear value-add opportunity with future upside potential.
Recent upgrades include updated appliances, (unit A-new A/C 2025) and newer furnaces in each unit, supporting long-term efficiency and reduced maintenance. Separately metered utilities enhance ease of management, while functional layouts further contribute to tenant retention. Interior photos shown are of Unit B and are for reference only. Property is fully occupied; please allow time for coordinated showings.No HOA fees and multiple streams of rental income make this a versatile option for those seeking to offset their mortgage while building long-term wealth. Conveniently located near shopping, dining, parks, and major commuter routes, this property sits in a high-demand rental pocket of the Denver metro area. A rare combination of quality construction, thoughtful design, and long-term livability sets this multifamily property apart.Seller is also offering two adjacent duplexes in the same cul-de-sac (MLS# 8890147) & (MLS# 7935750), creating an additional opportunity to expand within the multifamily market. SEE VIRTUAL TOUR FOR ADDITIONAL DETAILS.Located near the Wheat Ridge/Ward RTD G-Line Station and just minutes from light rail.
For sale
$1,600,000
11690 W 46th Avenue, Wheat Ridge, CO 80033
11beds
10baths
4,789sqft
Quadruplex
Built in 1997
-- sqft lot
$-- Zestimate®
$334/sqft
$-- HOA
What's special
Functional layoutsPrivate residential settingUpdated appliances
- 45 days |
- 285 |
- 18 |
Zillow last checked:
Listing updated:
Listed by:
Darla Stout 303-918-3303,
Keller Williams Advantage Realty LLC
Source: REcolorado as distributed by MLS GRID,MLS#: 3231871
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 10
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Gas Water Heater, Microwave, Range, Refrigerator
- Laundry: In Unit
Features
- Laminate Counters, Open Floorplan, Pantry, Smoke Free, Vaulted Ceiling(s), Walk-In Closet(s)
- Flooring: Carpet, Laminate, Tile
- Basement: Crawl Space
- Number of fireplaces: 4
- Fireplace features: Living Room
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 4,789
- Total interior livable area: 4,789 sqft
- Finished area above ground: 4,789
Video & virtual tour
Property
Parking
- Total spaces: 8
- Parking features: Concrete
- Attached garage spaces: 8
Features
- Levels: Multi/Split
- Entry location: Exterior Access
- Patio & porch: Front Porch, Patio
- Fencing: Partial
Lot
- Size: 0.35 Acres
- Features: Cul-De-Sac, Landscaped, Near Public Transit, Sprinklers In Front, Sprinklers In Rear
Details
- Parcel number: 440383
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Brick, Frame, Vinyl Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 1997
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: Fruitdale
HOA
- Has HOA: No
Location
- Region: Wheat Ridge
Financial & listing details
- Price per square foot: $334/sqft
- Tax assessed value: $1,133,360
- Annual tax amount: $6,942
- Date on market: 5/15/2026
- Listing terms: 1031 Exchange,Cash,Conventional,FHA
- Exclusions: Seller & Tenant Personal Property
- Ownership: Individual
- Tenant pays: Cable TV, Electricity, Gas, Internet, Telephone
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
$2,292/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/15/2026 | Listed for sale | $1,600,000+576.2%$334/sqft |
Source:  REcolorado as distributed by MLS GRID #3231871 Report a problem | ||
| 2/24/1997 | Sold | $236,600$49/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,565 -0.1% | $70,835 +16.8% |
| 2024 | $5,572 +10.4% | $60,668 |
| 2023 | $5,048 -3.7% | $60,668 +11.5% |
| 2022 | $5,241 +15.1% | $54,427 -4.9% |
| 2021 | $4,552 | $57,228 +15% |
| 2020 | $4,552 +1.4% | $49,764 |
| 2019 | $4,489 +15.8% | $49,764 +19.2% |
| 2018 | $3,876 | $41,760 |
| 2017 | $3,876 +1.7% | $41,760 +0.3% |
| 2016 | $3,811 | $41,639 |
| 2015 | $3,811 +30.4% | $41,639 +37% |
| 2014 | $2,923 -0.3% | $30,383 |
| 2013 | $2,933 -2.5% | $30,383 -4.3% |
| 2012 | $3,009 +0.4% | $31,760 |
| 2011 | $2,997 +6.1% | $31,760 -0.3% |
| 2010 | $2,823 -13.2% | $31,870 |
| 2009 | $3,251 +0.5% | $31,870 -12.9% |
| 2008 | $3,234 -8.7% | $36,610 |
| 2007 | $3,541 +0% | $36,610 -7.7% |
| 2006 | $3,541 +2.8% | $39,650 +2.7% |
| 2005 | $3,445 +9.4% | $38,610 |
| 2004 | $3,149 -16.7% | $38,610 -3.5% |
| 2003 | $3,778 +1.7% | $40,030 -12.3% |
| 2002 | $3,716 +30.2% | $45,660 +45.8% |
| 2001 | $2,854 -1.2% | $31,320 |
| 2000 | $2,889 | $31,320 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 80033
Nearby schools
GreatSchools rating
- 7/10Prospect Valley Elementary SchoolGrades: K-5Distance: 1.1 mi
- 5/10Everitt Middle SchoolGrades: 6-8Distance: 1.3 mi
- 7/10Wheat Ridge High SchoolGrades: 9-12Distance: 1.8 mi
Schools provided by the listing agent
- Elementary: Stevens
- Middle: Everitt
- High: Wheat Ridge
- District: Jefferson County R-1
Source: REcolorado as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Colorado
- Jefferson County
- Wheat Ridge
- 80033
- 11690 W 46th Avenue
Nearby cities
Nearby zip codes
Other Wheat Ridge Topics
