Turnkey Renovated Six-Unit
For Sale
$1,125,000
5955 Yukon St, Arvada, CO 80004
Six renovated units with a mostly 2-bedroom mix, paired with current vacancy and cap-rate metrics.
Property Size5,700 SF
Days on Market94
Property Features for 5955 Yukon St
General Information
Standard status
Active
Size
5,700 SF
Property subtype
Multifamily
Occupancy
98%
Financials
Cap Rate
7.27%
Business Included
Yes
Additional Details
Highway Access
Yes
Multifamily Units
6
Building Details
Building Size
5,700 SF
Year Built
1960
Tenancy
Multi
Listing Agency:
Pinnacle Real Estate Advisors
Listed By:
Josh Newell · License #FA100001439
(303) 962-9559
Source:
Pinnaclerea
Added: Jun 11
Changed: Sep 6
Last Checked: Sep 12 at 3:56AM
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 Pinnacle Real Estate Advisors
Investment Insights
Based on property information with market context.
This turnkey six-unit multifamily property is offered in renovated condition, with most homes configured as 2-bedroom layouts including both 2Bd/1Ba and 2Bd/2Ba units. The updates noted include newer kitchens and bathrooms, along with newer floors, a roof, windows, and a parking lot. Additional on-site storage lockers are included and described as providing incremental income.
Located in Arvada at 5955 Yukon St, the property is described as about half a mile from Olde Town Arvada, with walkable access to bars, restaurants, and entertainment. Public transportation access is noted, including the Olde Town Light Rail Station, plus quick access to I-70, Downtown Denver, and the Rocky Mountains. A large park is also referenced as being adjacent to the area.
For investors or owner-operators seeking a hands-on, ready-to-rent configuration, the asset is presented with an exceptionally low 2.14% vacancy rate over the past 12 months and a stated 7.27% current cap rate. The property’s mix of mostly 2-bedroom units, combined with the completed interior and exterior improvements, is intended to support a straightforward operating profile. The listing also notes the opportunity to purchase with 1331 Columbine St.
Located in Arvada at 5955 Yukon St, the property is described as about half a mile from Olde Town Arvada, with walkable access to bars, restaurants, and entertainment. Public transportation access is noted, including the Olde Town Light Rail Station, plus quick access to I-70, Downtown Denver, and the Rocky Mountains. A large park is also referenced as being adjacent to the area.
For investors or owner-operators seeking a hands-on, ready-to-rent configuration, the asset is presented with an exceptionally low 2.14% vacancy rate over the past 12 months and a stated 7.27% current cap rate. The property’s mix of mostly 2-bedroom units, combined with the completed interior and exterior improvements, is intended to support a straightforward operating profile. The listing also notes the opportunity to purchase with 1331 Columbine St.
Key Highlights
- 6‑unit multifamily asset built in 1960 with mostly 2BD/1BA and 2BD/2BA units
- 2.14% vacancy rate over the past 12 months and offered at a 7.27% current CAP rate
- Renovations include newer kitchens, bathrooms, floors, roof, windows, and the parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$67,509
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,350,180
$1.4M
Cap Rate 7%
$964,414
$964.4K
Cap Rate 9%
$750,100
$750.1K
Market Conditions
NOI Build-Up for 5,700 SF
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.
Gross rent
$132.7K $23.28/SF
− Vacancy
−$10.0K −$1.75/SF
EGI
$122.7K $21.53/SF
− OpEx
−$55.2K −$9.69/SF
NOI
$67.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,350,180
Cap Rate 7%
$964,414
Cap Rate 9%
$750,100
Alternative Uses
Best Use
Apartment 5plus
$964.4K
$843.9K – $1.13M
NOI $67,509 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.52M
$1.33M – $1.78M
NOI $106,704 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
6
Residential units
97.9%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,254
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Six renovated units with a mostly 2-bedroom mix, paired with current vacancy and cap-rate metrics.
Where is this apartment building located?
The property is located at 5955 Yukon St Arvada, CO.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: 6‑unit multifamily asset built in 1960 with mostly 2BD/1BA and 2BD/2BA units; 2.14% vacancy rate over the past 12 months and offered at a 7.27% current CAP rate; Renovations include newer kitchens, bathrooms, floors, roof, windows, and the parking lot
