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    10717 W 38Th Ave Wheat Ridge, CO 80033

    For Sale
    $1,975,000

    Renovated multifamily property near Discovery Park with strong income potential.

    Property size:
    6,535 SF

    Property Features for 10717 W 38Th Ave

    General Information

    Standard status
    Active
    Size
    6,535 SF

    Building Details

    Year built
    1969

    Source: MARCUS & MILLICHAP REAL ESTATE INVESTMENT SERVICES OF ATLANTA, INC. Agent RALPH BEATTY

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Multifamily Property with Upside

    The renovated, two-story multifamily property is located at 10717 W 38th Ave in Wheat Ridge, Colorado. Situated on 0.32 acres, the property is near Discovery Park. The townhome-style asset features private yards for each unit, newly repaved off-street parking, and on-site patio and grill areas. All but one unit features updated kitchens and bathrooms. The property's layout and recent renovations support occupancy and position the investment for long-term value. Investors can realize upside through increasing rents, charging back utilities, and generating revenue from on-site laundry services. Proximity to Interstate 70 ensures commuting to Downtown Denver and surrounding employment centers. The property size is 6535 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wheat Ridge
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.1182539
    Latitude
    39.7694966

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    FAQs

    What type of property is this?
    Apartment building - Renovated multifamily property near Discovery Park with strong income potential.
    Where is this apartment building located?
    The property is located at 10717 W 38Th Ave Wheat Ridge, CO.
    What is the asking price?
    The asking price for this property is $1,975,000.
    What are key features of this property?
    This property features: - Renovated townhome-style units with updated kitchens and bathrooms (most units).; - Private yards for each unit.; - Strategically located near Discovery Park and with easy access to I-70 for commuting to Downtown Denver.
    Request Owner's contact information
    10717 W 38Th Ave Wheat Ridge, CO 80033
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    Wheat Ridge, CO 80033
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10717 W 38Th Ave Wheat Ridge, CO 80033
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