Modern Three-Bedroom
5348 Routt St B, Arvada, CO 80002
For Sale
$545,000
Recently built residence with an open interior, attached garage, covered porch, and direct access to neighborhood green space.
Property Size1,475 SF
Days on Market99
Property Features for 5348 Routt St B
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
LPT Realty
Listed By:
Lindsey Miller Talafuse
(303) 250-0078
Source:
Corken
Added: Aug 6
Changed: Nov 6
Last Checked: Nov 10 at 4:50PM
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 LPT Realty
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Investment Insights
Based on property information with market context.
Built in 2024, this three-bedroom, three-bath townhome offers a two-level layout with tall ceilings and plentiful daylight. The main floor combines living and dining areas with luxury vinyl plank flooring and a white kitchen equipped with stainless steel appliances, a center island with seating, and substantial cabinetry. A covered side porch extends the living area, while the attached two-car garage provides direct entry. All bedrooms are located upstairs, including a primary suite with a double-vanity bathroom, two additional bedrooms, a shared full bath, and a separate laundry room.
A neighborhood park, playground, and open green space are located immediately outside the home. The RTD G Line station is within walking distance, with I-70, Highway 58, and Wadsworth Boulevard providing regional access. Historic Olde Town Arvada, Ralston Central Park, Van Bibber Open Space, and nearby retail and dining are also within the surrounding area.
A neighborhood park, playground, and open green space are located immediately outside the home. The RTD G Line station is within walking distance, with I-70, Highway 58, and Wadsworth Boulevard providing regional access. Historic Olde Town Arvada, Ralston Central Park, Van Bibber Open Space, and nearby retail and dining are also within the surrounding area.
Key Highlights
- Three‑bedroom, three‑bath townhome built in 2024
- Open main‑level living and dining areas with luxury vinyl plank flooring
- Kitchen includes stainless steel appliances, center island, and extensive cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,469
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,380
$349.4K
Cap Rate 7%
$249,557
$249.6K
Cap Rate 9%
$194,100
$194.1K
Market Conditions
NOI Build-Up for 1,475 SF
Gross rent
$34.3K $23.28/SF
− Vacancy
−$2.6K −$1.75/SF
EGI
$31.8K $21.53/SF
− OpEx
−$14.3K −$9.69/SF
NOI
$17.5K $11.84/SF
Area
Arvada, CO
Vacancy
7.50%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,380
Cap Rate 7%
$249,557
Cap Rate 9%
$194,100
Alternative Uses
Best Use
Apartment 5plus
$249.6K
$218.4K – $291.2K
NOI $17,469 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$394.5K
$345.2K – $460.2K
NOI $27,612 @ 7.0% cap · market cap 5.07%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
337
Businesses Nearby
Explore this area
Business Placement
Demographics for 80002, CO
20,267
Population
9,960
Households
2
Avg Household Size
37
Median Age
46%
College-Educated
90%
High-School Grad
6.5 sq mi
ZIP Area
3,118
Density / Sq Mi
$92,827
Median Household Income
$55,044
Median Earnings
$1,733
Median Rent
$538,900
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Arvada, CO
Properties on Market for Residential income properties in Arvada
Frequently Asked Questions
What type of property is this?
Residential income property - Recently built residence with an open interior, attached garage, covered porch, and direct access to neighborhood green space.
Where is this residential income property located?
The property is located at 5348 Routt St B Arvada, CO.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Three‑bedroom, three‑bath townhome built in 2024; Open main‑level living and dining areas with luxury vinyl plank flooring; Kitchen includes stainless steel appliances, center island, and extensive cabinetry
