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Wheat Ridge Multifamily Investment Opportunity

3851 Otis Street, Wheat Ridge, CO 80033

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For Sale

$1,500,000

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

Property size:

5,520 SF

Price / SF:

$271/SF

Listing Contact

COLBY CONSTANTINE

HighLights

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.
No anticipated Cap Ex - Very well maintained: Benefit from proactive upkeep and low immediate costs.
Newer roofs and updated mechanical systems: Reduced future repair expenses.
Opportunity to improve rents: Potential for increased revenue.

For Sale

$1,500,000

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

Property size:

5,520 SF

Price / SF:

$271/SF

Added:: May 28, 2025
Days on Market:: 380
Last Refresh:: Mar 16 at 9:09 am

Property Features for 3851 Otis Street

General Information

Standard status: Active
Size: 5,520 SF

Building Details

Year Built: 1951

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Listing Contact

COLBY CONSTANTINE

Listing agent COLBY CONSTANTINE

Listing office KAUFMAN HAGAN

Listing date May 28, 2025

Source Corcoran

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 KAUFMAN HAGAN

HighLights

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.
No anticipated Cap Ex - Very well maintained: Benefit from proactive upkeep and low immediate costs.
Newer roofs and updated mechanical systems: Reduced future repair expenses.
Opportunity to improve rents: Potential for increased revenue.

Overview

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 Location Intelligence

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Apartment buildings

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Local Demand

City: Wheat Ridge
County: Jefferson
State: Colorado
Longitude: -105.071
Latitude: 39.7705

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For sale
Apartment buildings
CO
Wheat Ridge
80033
3851 Otis Street

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 Street 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.