Triplex Income
For Sale
$750,000
9457-9459 W 56th Pl, Arvada, CO 80002
Well-maintained triplex with one unit vacant, offering long-term tenant occupancy and recent major system updates.
Property Size3,165 SF
Days on Market59
Property Features for 9457-9459 W 56th Pl
General Information
Standard status
Active
Size
3,165 SF
Property subtype
Investment
Lease Term
12 months
Additional Details
Business Included
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,719
Building Details
Building Size
3,165 SF
Year Built
1974
Listing Agency:
(303) 895-8025
Listed By:
Regina Roth
(303) 895-8025
Source:
Elliman
Added: Jun 15
Changed: Aug 12
Last Checked: Aug 12 at 6:37AM
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 Regina Roth
Investment Insights
Based on property information with market context.
This well-maintained income property is legally configured as a duplex and currently operated as a long-term triplex. It features one approximately 1,600 sq. ft. unit and two approximately 1,000 sq. ft. units. One unit is currently vacant and ready for a new tenant or an owner-occupant, while two units are occupied by long-term tenants. The larger unit (9457) is leased through 8/31/2026, and 9459 Unit A is leased through 9/30/2026.
Gross scheduled rents total $5,000 per month when fully occupied ($60,000 annually). The property has been supported by substantial capital improvements during ownership, including two furnaces installed in 2021, new water heaters in 2023 and 2025, a new electrical panel in 2025, bathroom renovations, flooring updates, and numerous appliance replacements.
For buyers or operators seeking a stable, systems-updated residential income asset, the long-term tenant occupancy and the already-completed improvements provide a practical foundation for continued operation. The property is located near Kipling and Wads, with Walmart, grocery stores, and restaurants nearby, supporting day-to-day convenience for residents.
Gross scheduled rents total $5,000 per month when fully occupied ($60,000 annually). The property has been supported by substantial capital improvements during ownership, including two furnaces installed in 2021, new water heaters in 2023 and 2025, a new electrical panel in 2025, bathroom renovations, flooring updates, and numerous appliance replacements.
For buyers or operators seeking a stable, systems-updated residential income asset, the long-term tenant occupancy and the already-completed improvements provide a practical foundation for continued operation. The property is located near Kipling and Wads, with Walmart, grocery stores, and restaurants nearby, supporting day-to-day convenience for residents.
Key Highlights
- Legally configured as a duplex and currently operating as a long‑term triplex with 3 rental units
- Approx. 1,600 sq. ft. unit plus two approx. 1,000 sq. ft. units
- Current gross scheduled rents total $5,000/month when fully occupied ($60,000 annually); 1 unit is currently vacant
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
$40,744
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
5.43%
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%
$814,880
$814.9K
Cap Rate 7%
$582,057
$582.1K
Cap Rate 9%
$452,711
$452.7K
Market Conditions
NOI Build-Up for 3,165 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
$62.7K $19.80/SF
− Vacancy
−$4.5K −$1.41/SF
EGI
$58.2K $18.39/SF
− OpEx
−$17.5K −$5.52/SF
NOI
$40.7K $12.87/SF
Area
Arvada, CO
Vacancy
7.12%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
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%
$814,880
Cap Rate 7%
$582,057
Cap Rate 9%
$452,711
Alternative Uses
Best Use
Multifamily LT 5
$582.1K
$509.3K – $679.1K
NOI $40,744 @ 7.0% cap · market cap 5.43%
Second Best
Apartment 5plus
$535.5K
$468.6K – $624.8K
NOI $37,485 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$846.4K
$740.6K – $987.5K
NOI $59,249 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
Explore this area
Business Placement
Demographics for 80002, CO
20,267
Population
9,960
Households
2
Avg Household Size
37
Median Age
46%
College-Educated
90%
High-School Grad
6.5 sq mi
ZIP Area
3,118
Density / Sq Mi
$92,827
Median Household Income
$55,044
Median Earnings
$1,733
Median Rent
$538,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained triplex with one unit vacant, offering long-term tenant occupancy and recent major system updates.
Where is this triplex located?
The property is located at 9457-9459 W 56th Pl Arvada, CO.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Legally configured as a duplex and currently operating as a long‑term triplex with 3 rental units; Approx. 1,600 sq. ft. unit plus two approx. 1,000 sq. ft. units; Current gross scheduled rents total $5,000/month when fully occupied ($60,000 annually); 1 unit is currently vacant
