8662-8682 W 51st Ave - Apartments FOR SALE


Arvada, CO 80002- I-70 Corridor
$2,890,000 USD
303-962-9543
8662-8682 W 51st Ave, Arvada, CO for Sale
$2,890,000 USD
Apartments - FOR SALE
1/33
null | 5.62% Cap Rate

8662-8682 W 51st Ave
Arvada, CO 80002
I-70 Corridor


HIGHLIGHTS

  • 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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,890,000 USD

PRICE/SF

$283 USD /SF

# OF UNITS

12

PRICE/UNIT

$240,833

CAP RATE

5.62%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dover Gardens

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

18

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

R-3, Jefferson

APN/PARCEL ID

39-154-04-141

ASK ABOUT THIS PROPERTY

Jim KnowltonPinnacle Real Estate AdvisorsMore Info
303-962-9543

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Jim KnowltonPinnacle Real Estate AdvisorsMore Info
303-962-9543

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.