Arvada Multifamily Investment
For Sale
$2,300,000
10542 W 63rd Pl, Arvada, CO 80004
Stabilized 12-unit apartment asset in a desirable Arvada location.
Property Size9,000 SF
Price / SF$255.56
Days on Market199
Property Features for 10542 W 63rd Pl
General Information
Standard status
Active
Size
9,000 SF
Property subtype
Multifamily
Building Details
Building Size
9,000 SF
Year Built
1964
Listed By:
Chris Knowlton
(719) 325-6087
Source:
Pinnaclerea
Added: Apr 4
Changed: Oct 1
Last Checked: Oct 19 at 5:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Chris Knowlton
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Investment Insights
Based on property information with market context.
This 12-unit multifamily property is located in Arvada, a submarket of Northwest Denver. The property features a mix of one- and two-bedroom apartment homes. The property has maintained 98% occupancy over the past 24 months. Select units include in-unit washers and dryers. The property is located minutes from Olde Town Arvada, providing access to retail, dining, entertainment, and major employment centers throughout the Denver metro area, including Downtown Denver and the I-70 corridor. The property has a newer roof, windows and boiler system. The unit mix consists of 11 two-bedroom, one-bathroom units and 1 one-bedroom, one-bathroom unit. The property size is 9,000 square feet.
Key Highlights
- 98% occupancy over the past 24 months indicates strong rental demand and income stability.
- Located in the desirable Arvada submarket of Northwest Denver, near Olde Town Arvada, offering convenient access to retail, dining, entertainment, and major employment centers.
- Mix of one- and two‑bedroom units appeals to a broad tenant base.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,593
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,131,860
$2.1M
Cap Rate 7%
$1,522,757
$1.5M
Cap Rate 9%
$1,184,367
$1.2M
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$209.5K $23.28/SF
− Vacancy
−$15.7K −$1.75/SF
EGI
$193.8K $21.53/SF
− OpEx
−$87.2K −$9.69/SF
NOI
$106.6K $11.84/SF
Area
Arvada, CO
Vacancy
7.50%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,131,860
Cap Rate 7%
$1,522,757
Cap Rate 9%
$1,184,367
Alternative Uses
Best Use
Apartment 5plus
$1.52M
$1.33M – $1.78M
NOI $106,593 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,480 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
545
Businesses Nearby
Explore this area
Business Placement
Demographics for 80004, CO
36,076
Population
15,447
Households
2.3
Avg Household Size
42
Median Age
44%
College-Educated
95%
High-School Grad
7.1 sq mi
ZIP Area
5,081
Density / Sq Mi
$99,576
Median Household Income
$57,604
Median Earnings
$1,771
Median Rent
$590,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Stabilized 12-unit apartment asset in a desirable Arvada location.
Where is this apartment building located?
The property is located at 10542 W 63rd Pl Arvada, CO.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 98% occupancy over the past 24 months indicates strong rental demand and income stability.; Located in the desirable Arvada submarket of Northwest Denver, near Olde Town Arvada, offering convenient access to retail, dining, entertainment, and major employment centers.; Mix of one- and two‑bedroom units appeals to a broad tenant base.
