Duplex with Fenced
For Sale
$695,000
5939 Newcombe Ct 5941 & 5939, Arvada, CO 80004
One residence is leased and the other is vacant; both have attached garages and private outdoor areas.
Property Size2,887 SF
Days on Market15
Property Features for 5939 Newcombe Ct 5941 & 5939
General Information
Standard status
Active
Size
2,887 SF
Total Parking Spaces
2
Property subtype
Duplex
Occupancy
50%
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$4,840
Amenities
fenced yard
washer/dryer hookups
Building Details
Building Size
2,887 SF
Year Built
1979
Buildings
1
Listing Agency:
RE/MAX Elevate
Listed By:
Rachel Folger · License #100052711
(720) 375-1255
Source:
Corken
Added: Sep 22
Changed: Sep 25
Last Checked: Oct 6 at 12:40AM
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
Investment Insights
Based on property information with market context.
Built in 1979, this Arvada duplex contains two residences, each with 3 bedrooms, 2 full bathrooms, an attached one-car garage, a fenced yard, and washer and dryer hookups. One unit is occupied by a tenant, while the other is vacant. Both have walkout basement access to the backyard.
The property is on a dead-end street and backs onto a grassy elementary school field. The recreation center is within walking distance, and Red Rocks Community College is nearby. The property has no HOA or metro district tax.
The property is on a dead-end street and backs onto a grassy elementary school field. The recreation center is within walking distance, and Red Rocks Community College is nearby. The property has no HOA or metro district tax.
Key Highlights
- Two residences, each with 3 bedrooms and 2 full bathrooms
- Each unit has an attached one‑car garage and fenced yard
- Washer and dryer hookups in both units; each has walkout basement access to the backyard
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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
50%
Occupancy
Yes
Paved road access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - One residence is leased and the other is vacant; both have attached garages and private outdoor areas.
Where is this duplex located?
The property is located at 5939 Newcombe Ct 5941 & 5939 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; Each unit has an attached one‑car garage and fenced yard; Washer and dryer hookups in both units; each has walkout basement access to the backyard
