Duplex with Detached
For Sale
$900,000
Pending
4601 Robb St, Wheat Ridge, CO 80033
Agricultural-zoned acreage allows horses and office-based business use.
Property Size3,018 SF
Days on Market16
Property Features for 4601 Robb St
General Information
Standard status
Pending
Size
3,018 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$4,865
Building Details
Building Size
3,018 SF
Year Built
1956
Listing Agency:
milehimodern - Boulder
Listed By:
Terri Gray
(720) 323-8460
Source:
Corken
Added: Sep 25
Changed: Oct 3
Last Checked: Oct 9 at 11:49PM
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 milehimodern - Boulder
Investment Insights
Based on property information with market context.
Two connected residences provide three bedrooms and four full bathrooms, including three ensuite bedrooms. One home has an office, living room, family room with a gas fireplace, eat-in kitchen, and ensuite primary bedroom. The second includes a family room with a gas fireplace, a crafts room, an eat-in kitchen, and two ensuite bedrooms. An enclosed sunroom with a gas fireplace links the homes. The property was built in 1956, and recent work includes new carpet, fireplace servicing, electrical improvements, three separate electric meters, a scoped and clear sewer line, and a newer swamp cooler.
The 1.19-acre parcel is agriculturally zoned, with permitted horses and office-based business use. Four shares of irrigation water rights are included, subject to annual payment. A detached five-car garage has a fireplace-warmed two-car bay connected to a third bay, plus two single-car bays, one with an automatic opener. Multiple storage sheds and a concrete root cellar are also on site.
The 1.19-acre parcel is agriculturally zoned, with permitted horses and office-based business use. Four shares of irrigation water rights are included, subject to annual payment. A detached five-car garage has a fireplace-warmed two-car bay connected to a third bay, plus two single-car bays, one with an automatic opener. Multiple storage sheds and a concrete root cellar are also on site.
Key Highlights
- Two connected residences with 3 bedrooms and 4 full bathrooms
- 1.19 agricultural‑zoned acres with permitted horses
- Four shares of irrigation water rights, subject to annual payment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,315
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$846,300
$846.3K
Cap Rate 7%
$604,500
$604.5K
Cap Rate 9%
$470,167
$470.2K
Market Conditions
NOI Build-Up for 3,018 SF
Gross rent
$76.4K $25.32/SF
− Vacancy
−$8.7K −$2.89/SF
EGI
$67.7K $22.43/SF
− OpEx
−$25.4K −$8.41/SF
NOI
$42.3K $14.02/SF
Area
Jefferson County, CO
Vacancy
11.40%
Lease Rate
$25.32 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$846,300
Cap Rate 7%
$604,500
Cap Rate 9%
$470,167
Alternative Uses
Best Use
Multifamily LT 5
$6.72M
$5.88M – $7.84M
NOI $470,130 @ 7.0% cap · market cap 52.24%
Second Best
Apartment 5plus
$5.84M
$5.11M – $6.81M
NOI $408,654 @ 7.0% cap · market cap 45.41%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
687
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
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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?
Duplex - Agricultural-zoned acreage allows horses and office-based business use.
Where is this duplex located?
The property is located at 4601 Robb St Wheat Ridge, CO.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Two connected residences with 3 bedrooms and 4 full bathrooms; 1.19 agricultural‑zoned acres with permitted horses; Four shares of irrigation water rights, subject to annual payment
