Prime development opportunity just minutes from Olde Town Arvada! This R-13 zoned lot offers incredible potential for a multi-family project in one of the area’s most desirable and rapidly growing locations. Situated near shopping, dining, light rail, and all the charm Olde Town has to offer, this property is ideal for investors or developers looking to capitalize on strong rental demand and continued neighborhood growth. Property is being sold as-is. Buyer to verify zoning, development possibilities, and all due diligence. Don’t miss this chance to build in a high-demand corridor with excellent upside potential.
Lot/land
Price cut: $49.1K (8/13)
$499,900
5230 Balsam Street, Arvada, CO 80002
--beds
--baths
0.77Acres
Improved Land
Built in ----
0.77 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 145 days |
- 248 |
- 12 |
Zillow last checked:
Listing updated:
Listed by:
Rodney Gallegos 303-875-5865 rodneygallegos@gmail.com,
Keller Williams Advantage Realty LLC,
Sarah Gallegos 720-933-9331,
Keller Williams Advantage Realty LLC
Source: REcolorado as distributed by MLS GRID,MLS#: 8023569
Facts & features
Property
Parking
- Total spaces: 2
- Parking features: Oversized
- Garage spaces: 2
Features
- Fencing: Partial
Lot
- Size: 0.77 Acres
Details
- Parcel number: 004496
- Zoning: R13
- Special conditions: Standard
Utilities & green energy
- Electric: 110V
- Sewer: Public Sewer
- Water: Agriculture/Ditch Water, Private, Public, Well
- Utilities for property: Electricity Connected, Natural Gas Available
Community & HOA
Community
- Subdivision: Unknown
HOA
- Has HOA: No
Location
- Region: Arvada
Financial & listing details
- Tax assessed value: $559,038
- Annual tax amount: $3,061
- Date on market: 4/2/2026
- Listing terms: Cash,Conventional
- Exclusions: None
- Ownership: Estate
- Has irrigation water rights: Yes
- Electric utility on property: Yes
- Road surface type: Dirt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/13/2026 | Price change | $499,900-8.9% |
Source:  REcolorado as distributed by MLS GRID #9758085 Report a problem | ||
| 7/31/2026 | Price change | $549,000-0.2% |
Source: REcolorado as distributed by MLS GRID #9758085 Report a problem | ||
| 7/31/2026 | Price change | $549,900-8.2% |
Source: REcolorado as distributed by MLS GRID #8023569 Report a problem | ||
| 7/15/2026 | Price change | $599,000-7.8% |
Source: REcolorado as distributed by MLS GRID #9758085 Report a problem | ||
| 6/10/2026 | Price change | $650,000-6.5% |
Source: REcolorado as distributed by MLS GRID #9758085 Report a problem | ||
| 5/19/2026 | Price change | $695,000-4.1% |
Source: REcolorado as distributed by MLS GRID #9758085 Report a problem | ||
| 4/16/2026 | Price change | $725,000-9.4% |
Source: REcolorado as distributed by MLS GRID #9758085 Report a problem | ||
| 4/2/2026 | Listed for sale | $799,900 |
Source: REcolorado as distributed by MLS GRID #9758085 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,061 -0.1% | $34,940 +13.6% |
| 2024 | $3,064 +11.1% | $30,753 |
| 2023 | $2,758 -1.5% | $30,753 +11.8% |
| 2022 | $2,799 +5.8% | $27,502 -2.8% |
| 2021 | $2,644 | $28,294 +5.7% |
| 2020 | $2,644 +1.3% | $26,765 |
| 2019 | $2,609 +18.8% | $26,765 +22.2% |
| 2018 | $2,197 | $21,898 |
| 2017 | $2,197 -2.6% | $21,898 -3.8% |
| 2016 | $2,255 +100% | $22,761 |
| 2015 | $1,127 -36.6% | $22,761 +33.1% |
| 2014 | $1,779 +1.2% | $17,102 |
| 2013 | $1,757 +2.1% | $17,102 +0.3% |
| 2012 | $1,722 -6.9% | $17,045 |
| 2011 | $1,849 +5.5% | $17,045 -7.5% |
| 2010 | $1,752 +0.9% | $18,430 |
| 2009 | $1,736 +0% | $18,430 +1.2% |
| 2008 | $1,736 +1.2% | $18,220 |
| 2007 | $1,715 +0.9% | $18,220 +2.2% |
| 2006 | $1,699 -0.8% | $17,820 -0.8% |
| 2005 | $1,713 +8.9% | $17,970 |
| 2004 | $1,572 -10.4% | $17,970 |
| 2003 | $1,754 +1.5% | $17,970 -9% |
| 2002 | $1,728 +31.8% | $19,740 +47.5% |
| 2001 | $1,310 -1.1% | $13,380 |
| 2000 | $1,325 | $13,380 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 80002
Nearby schools
GreatSchools rating
- NAArvada K-8Grades: K-8Distance: 0.7 mi
- 2/10Arvada High SchoolGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- 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.
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A local agent can set up tours, give advice and negotiate with sellers.
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