Four-unit apartment building located just minutes from Olde Town Arvada. Current 6.58% CAP Rate with rents already near the top of the market. All four units have 2-bedrooms and 1-bathroom, and the property has a total of 3,584 square feet. The roof was replaced in 2017. One newer furnace. Two newer water heaters. Plenty of off-street parking and parking in the back for tenants. Less than 5-minutes to the Olde Town Arvada Light Rail Stop and local hot spots like The Bluegrass Lounge, The Arvada Tavern, Teocalli Cocina, and Denver Beer Co. Terrace Park is also right across the street.
Sold for $935,000
Street View
$935,000
8615 W 54th Place, Arvada, CO 80002
8beds
4baths
3,584sqft
Quadruplex
Built in ----
-- sqft lot
$948,400 Zestimate®
$261/sqft
$4,363 Estimated rent
Home value
$948,400
$882,000 - $1.02M
$4,363/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Patrick Rampi 720-935-2184,
MODUS Real Estate
Bought with:
Garvin Laverick, 100057476
Coldwell Banker Global Luxury Denver
Source: REcolorado as distributed by MLS GRID,MLS#: 9851994
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Interior area
- Total structure area: 3,584
- Total interior livable area: 3,584 sqft
- Finished area above ground: 1,792
- Finished area below ground: 1,792
Property
Parking
- Total spaces: 8
- Details: Off Street Spaces: 8
Details
- Parcel number: 007732
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Quadruplex
Community & HOA
HOA
- Has HOA: No
Location
- Region: Arvada
Financial & listing details
- Price per square foot: $261/sqft
- Tax assessed value: $898,880
- Annual tax amount: $3,947
- Date on market: 4/17/2024
- Exclusions: Tenant's Personal Property
Price history
| Date | Event | Price |
|---|---|---|
| 2/29/2024 | Sold | $935,000+192.2%$261/sqft |
Source:  REcolorado as distributed by MLS GRID #9851994 Report a problem | ||
| 4/5/2013 | Sold | $320,000$89/sqft |
Source: Public Record Report a problem | ||
| 6/3/2002 | Sold | $320,000+4.9%$89/sqft |
Source: Public Record Report a problem | ||
| 6/25/2001 | Sold | $305,000$85/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,942 -0.1% | $56,180 +38% |
| 2024 | $3,947 +7.4% | $40,696 |
| 2023 | $3,676 -3.8% | $40,696 +8.4% |
| 2022 | $3,819 +15.3% | $37,536 -4.9% |
| 2021 | $3,312 | $39,468 +15% |
| 2020 | $3,312 +1.4% | $34,320 |
| 2019 | $3,267 +15.9% | $34,320 +19.2% |
| 2018 | $2,820 | $28,800 |
| 2017 | $2,820 +20.5% | $28,800 +18.5% |
| 2016 | $2,340 | $24,301 |
| 2015 | $2,340 +23.4% | $24,301 +29.8% |
| 2014 | $1,895 -3.9% | $18,721 |
| 2013 | $1,972 +2.1% | $18,721 -4.8% |
| 2012 | $1,931 -11.6% | $19,661 |
| 2011 | $2,184 +5.7% | $19,661 -12.2% |
| 2010 | $2,066 -5.6% | $22,390 |
| 2009 | $2,189 +0% | $22,390 -5.4% |
| 2008 | $2,189 +11.1% | $23,680 |
| 2007 | $1,970 +1% | $23,680 +12.2% |
| 2006 | $1,951 +2% | $21,110 +1.9% |
| 2005 | $1,912 +9.3% | $20,710 |
| 2004 | $1,750 +19.3% | $20,710 |
| 2003 | $1,467 +1.7% | $20,710 +21.3% |
| 2002 | $1,442 -16.2% | $17,080 -6.3% |
| 2001 | $1,721 -1% | $18,230 |
| 2000 | $1,738 | $18,230 |
Find assessor info on the county website
Neighborhood: 80002
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Nearby schools
GreatSchools rating
- 2/10Arvada K-8Grades: K-8Distance: 0.5 mi
- 3/10Arvada High SchoolGrades: 9-12Distance: 1.5 mi
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Estimated market value
$948,400
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Estimated market value
$948,400
- Colorado
- Jefferson County
- Arvada
- 80002
- 8615 W 54th Place
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