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    3851 Otis St Wheat Ridge, CO 80033

    For Sale
    $1,500,000

    Seven-unit property in a quiet Wheat Ridge residential neighborhood.

    Property size:
    5,520 SF

    Property Features for 3851 Otis St

    General Information

    Standard status
    Active
    Size
    5,520 SF

    Building Details

    Year built
    1951

    Source: KAUFMAN HAGAN Agent COLBY CONSTANTINE

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

    Overview

    Wheat Ridge Multifamily Investment Opportunity

    The property at 3851 Otis Street is a seven-unit multifamily building situated in a quiet residential area of Wheat Ridge. Constructed in 1951, the two-story masonry building contains a gross building area of 5,520 square feet and is positioned on a 14,113 square foot lot. The property features newer pitched roofs and updated mechanical systems. Parking is provided by 15 open spaces. Cooling is provided via wall units, and heating is provided via boiler. Gas and electric utilities are master metered and individually metered. Water and sewer are master metered. The property is fully renovated and well-maintained, presenting an opportunity to improve rents through further cosmetic renovations. The property attracts long-term tenants due to its quality, upkeep, location, and affordability, offering investors stable, long-term returns in a growing market with high barriers to entry for continued development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    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
    -105.0712326
    Latitude
    39.7705042

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    FAQs

    What type of property is this?
    Apartment building - Seven-unit property in a quiet Wheat Ridge residential neighborhood.
    Where is this apartment building located?
    The property is located at 3851 Otis St Wheat Ridge, CO.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Fully renovated property: Enjoy modern updates and reduced maintenance.; - Stable long-term returns: Ideal for investors seeking consistent income.; - Quiet Wheat Ridge neighborhood: Located in a desirable residential area.
    Request Owner's contact information
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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
    3851 Otis St Wheat Ridge, CO 80033
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