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    3820-3830 Pierce St Wheat Ridge, CO 80033

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    For Sale
    $545,000

    Desirable duplex with garage, high income potential, and updated features.

    Property size:
    1,548 SF
    Lot size:
    0.21 Acres

    Property Features for 3820-3830 Pierce St

    General Information

    Size
    1,548 SF
    Lot size
    0.21 Acres

    Building Details

    Year built
    1952

    Source: Keller Williams Realty Urban Elite Agent Carrie Hill

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

    Overview

    Brick Duplex with Garage

    This brick duplex, situated side by side, presents an investment opportunity with a history of high occupancy. The property, most recently rented for $43,450 annually across both units, includes a two-car garage and benefits from R-3 zoning, adjoining MU-N. Located just off 38th and Pierce, near local amenities, the property incurs annual taxes and insurance totaling $9,058, resulting in a NOI of $34,393 and a cap rate of 6.3%. The existing two-car garage offers the potential for conversion into a third unit, capitalizing on the favorable zoning. The property features hardwood floors, updated kitchens, and newer bathrooms with custom tile work. A new sewer line has been installed. The location and unit sizes are conducive to attracting long-term tenants. The roof and furnace have been certified. The previous long-term leases were intentionally ended.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Wheat Ridge
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.071758
    Latitude
    39.7701081

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    FAQs

    What type of property is this?
    Duplex - Desirable duplex with garage, high income potential, and updated features.
    Where is this duplex located?
    The property is located at 3820-3830 Pierce St Wheat Ridge, CO.
    What is the asking price?
    The asking price for this property is $545,000.
    What are key features of this property?
    This property features: - High Income Potential: Current NOI of $34,393 and a desirable 6.3% Cap Rate.; - Development Opportunity: R-3 Zoning and adjoining MU-N zoning allow for potential conversion of the 2-car garage into a 3rd unit.; - Prime Location: Situated one building off 38th and Pierce, a highly desirable location.
    (303) 579-9449
    Request Owner's contact information
    3820-3830 Pierce St 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
    3820-3830 Pierce St Wheat Ridge, CO 80033
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