Arvada Multifamily Investment
10542 W 63rd Place Arvada, CO 80004
10542 W 63rd Place, Arvada, CO, 80004
$2,500,000
For Sale
$2,500,000
Stabilized 12-unit apartment asset in a desirable Arvada location.
Property Size9,000 SF
Price / SF$277.78
Days on Market105
Property Features for 10542 W 63rd Place
General Information
- Standard status
- Active
- Size
- 9,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1964
Listing Agency
PINNACLE REAL ESTATE ADVISORS
(303) 962-9555
Listed by
CHRISTOPHER KNOWLTON
Source
Corcoran
Added: Apr 4 Checked: Jul 17 at 2:45 am
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 PINNACLE REAL ESTATE ADVISORS
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.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $209.5k | $23.28 |
| − Vacancy | −$15.7k | −$1.75 |
| EGI | $193.8k | $21.53 |
| − OpEx | −$87.2k | −$9.69 |
| NOI | $106.6k | $11.84 |
9,000 SF · lease $23.28/SF/yr · vacancy 7.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.52M
$1.33M – $1.78M
NOI $106,593 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,480 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
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 Place Arvada, CO.
What is the asking price?
The asking price for this property is $2,500,000.
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.
