Wheat Ridge Multifamily Investment
For Sale
$1,500,000
3851 Otis Street, Wheat Ridge, CO 80033
Seven-unit property in a quiet Wheat Ridge residential neighborhood.
Property Size5,520 SF
Price / SF$271.74
Days on Market471
Property Features for 3851 Otis Street
General Information
Standard status
Active
Size
5,520 SF
Taxes and HOA fees
Annual Taxes
$6,488
Building Details
Year Built
1951
Listing Agency:
KAUFMAN HAGAN
Listed By:
COLBY CONSTANTINE
(720) 984-0419
Source:
Corcoran
Added: May 28, 2025
Changed: Mar 16
Last Checked: Aug 13 at 5:15AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,348
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
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.
