Edgewater Area Updated
For Sale
$1,499,900
3830 Otis St 1-4, Wheat Ridge, CO 80033
Spacious, updated quadplex in Edgewater with long-term tenants.
Property Size6,548 SF
Days on Market165
Property Features for 3830 Otis St 1-4
General Information
Standard status
Active
Size
6,548 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$2,326
Building Details
Building Size
6,548 SF
Year Built
1981
Listing Agency:
The Old Country Real Estate Group LLC
(720) 724-3933
Listed By:
Chad Hartmann · License #100093322
(720) 724-3933
Source:
Elliman
Added: Mar 11
Changed: Aug 13
Last Checked: Aug 21 at 8:08AM
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 The Old Country Real Estate Group LLC
Investment Insights
Based on property information with market context.
This quadplex is located in the Edgewater area and presents an investment opportunity. The property features four units, each exceeding 1600 square feet, with each unit containing 2 bedrooms and 2 bathrooms, a large kitchen with an additional dining area, a family room, and a living room, as well as their own washer and dryer. The kitchens feature stainless steel appliances, and the second-floor bathrooms are equipped with 4-piece fixtures. Recent updates include new flooring, contemporary countertops in the kitchens and bathrooms, and new tile in the kitchen backsplash and bathrooms. Additional upgrades consist of new windows, a newer roof, fresh paint inside and out, new gutters, new boilers, and newer privacy fencing. New swamp coolers provide efficient cooling. New landscaping completes the property's upkeep. Each unit includes its own detached carport and a one-car garage, along with outside parking. Existing tenants have been leasing for extended periods, and vacancy rates have been zero for over 1 1/2 years and below 2% prior to that. The property is suitable for investors seeking a stable income stream and a well-maintained asset.
Key Highlights
- Four spacious units, each over 1600 sq ft, featuring 2 bedrooms and 2 bathrooms.
- Completely updated with new flooring, countertops, tile, windows, roof, paint (in and out), gutters, boilers, swamp coolers, and landscaping.**
- Each unit includes a large kitchen with dining area, family room, living room, and washer/dryer.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,348
Businesses Nearby
Explore this area
Business Placement
Demographics for 80033, CO
26,618
Population
13,257
Households
2
Avg Household Size
42
Median Age
44%
College-Educated
95%
High-School Grad
8.3 sq mi
ZIP Area
3,207
Density / Sq Mi
$84,719
Median Household Income
$53,503
Median Earnings
$1,536
Median Rent
$568,900
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?
Quadplex - Spacious, updated quadplex in Edgewater with long-term tenants.
Where is this quadplex located?
The property is located at 3830 Otis St 1-4 Wheat Ridge, CO.
What is the asking price?
The asking price for this property is $1,499,900.
What are key features of this property?
This property features: Four spacious units, each over 1600 sq ft, featuring 2 bedrooms and 2 bathrooms.; Completely updated with new flooring, countertops, tile, windows, roof, paint (in and out), gutters, boilers, swamp coolers, and landscaping.**; Each unit includes a large kitchen with dining area, family room, living room, and washer/dryer.
