Two-Unit Residential
5939-5941 Newcombe Court, Arvada, CO 80004
For Sale
New
$695,000
Pending
Each residence includes an attached garage, fenced yard, and washer and dryer hookups.
Property Size2,887 SF
Days on Market4
Property Features for 5939-5941 Newcombe Court
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Amenities
Forced Air
Walk-Out Access
Dishwasher, Dryer, Oven, Refrigerator, Washer
Eat-in Kitchen
Building Details
Building Size
Year Built
Listing Agency:
RE/MAX Elevate
Listed By:
Rachel Folger · License #100052711
(720) 375-1255
Source:
Evrealestate
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 6 at 9:25AM
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 RE/MAX Elevate
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Investment Insights
Based on property information with market context.
This 1979 duplex contains two residences, each with 3 bedrooms and 2 full bathrooms. Both units have an attached one-car garage, a fenced yard, washer and dryer hookups, and walkout-basement access to the backyard. One residence is occupied; the other is available for occupancy or leasing.
The property is on a dead-end street in Arvada and backs onto a grassy elementary school field. A recreation center is within walking distance, and Red Rocks Community College is nearby. The property has no HOA or metro tax.
The property is on a dead-end street in Arvada and backs onto a grassy elementary school field. A recreation center is within walking distance, and Red Rocks Community College is nearby. The property has no HOA or metro tax.
Key Highlights
- Two residences, each with 3 bedrooms and 2 full bathrooms
- Attached one‑car garage and fenced yard for each unit
- Washer and dryer hookups in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,165
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$743,300
$743.3K
Cap Rate 7%
$530,929
$530.9K
Cap Rate 9%
$412,944
$412.9K
Market Conditions
NOI Build-Up for 2,887 SF
Gross rent
$57.2K $19.80/SF
− Vacancy
−$4.1K −$1.41/SF
EGI
$53.1K $18.39/SF
− OpEx
−$15.9K −$5.52/SF
NOI
$37.2K $12.87/SF
Area
Arvada, CO
Vacancy
7.12%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$743,300
Cap Rate 7%
$530,929
Cap Rate 9%
$412,944
Alternative Uses
Best Use
Multifamily LT 5
$530.9K
$464.6K – $619.4K
NOI $37,165 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$488.5K
$427.4K – $569.9K
NOI $34,193 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$772.1K
$675.6K – $900.8K
NOI $54,045 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
471
Businesses Nearby
Explore this area
Business Placement
Demographics for 80004, CO
36,076
Population
15,447
Households
2.3
Avg Household Size
42
Median Age
44%
College-Educated
95%
High-School Grad
7.1 sq mi
ZIP Area
5,081
Density / Sq Mi
$99,576
Median Household Income
$57,604
Median Earnings
$1,771
Median Rent
$590,600
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Jefferson County, CO
Properties on Market for Duplexes in Jefferson County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes an attached garage, fenced yard, and washer and dryer hookups.
Where is this duplex located?
The property is located at 5939-5941 Newcombe Court Arvada, CO.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 full bathrooms; Attached one‑car garage and fenced yard for each unit; Washer and dryer hookups in both residences
