3851 Otis Street Wheat Ridge, CO 80033
Seven-unit property in a quiet Wheat Ridge residential neighborhood.
Property size:
5,520 SFPrice / SF:
$271/SF- Added:
- May 28, 2025
- Days on Market:
- 334
- 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
Listing agent COLBY CONSTANTINE
Listing office KAUFMAN HAGAN (720) 984-0419
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
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
Location Insight
- Map
- Local Demand
- City
- Wheat Ridge
- County
- Jefferson
- State
- Colorado
- Longitude
- -105.071
- Latitude
- 39.7705
Nearby Similar for Sale
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 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.
