Duplex With Attached
For Sale
$695,000
5939 Newcombe Court #5941 & 5939, Arvada, CO 80004
Two three-bedroom residences offer separate garages, fenced yards, and individual washer and dryer hookups.
Property Size2,887 SF
Price / SF$240.73
Days on Market32
Property Features for 5939 Newcombe Court #5941 & 5939
General Information
Standard status
Active
Size
2,887 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
R
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,840
Amenities
fenced yard
washer/dryer hookups
walkout basement
Dog Run
Private Yard
Rain Gutters
Building Details
Building Size
2,887 SF
Year Built
1979
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Denver Real Estate Connection
(303) 455-0244
Listed By:
Kayla Okafor
(720) 296-2949
Source:
Denverrealestateconnection
Added: Sep 22
Changed: Oct 23
Last Checked: Oct 23 at 11:22AM
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 Denver Real Estate Connection
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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. The property totals 2,887 square feet and is zoned R. Both units have an attached one-car garage, a fenced yard, and washer and dryer hookups. Walkout basements provide backyard access. One residence is rented, while the other is vacant; the occupied unit requires 24 hours’ notice for showings.
The property is on a dead-end street and backs onto a grassy elementary school field. A recreation center is within walking distance, and Red Rocks Community College is nearby. There is no HOA or metro tax.
The property is on a dead-end street and backs onto a grassy elementary school field. A recreation center is within walking distance, and Red Rocks Community College is nearby. There is no HOA or metro tax.
Key Highlights
- Two residences, each with 3 bedrooms and 2 full bathrooms
- 2,887 square feet; built in 1979
- Each unit has an attached one‑car garage, fenced yard, and washer and dryer hookups
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
Property Analytics
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
599
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
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences offer separate garages, fenced yards, and individual washer and dryer hookups.
Where is this duplex located?
The property is located at 5939 Newcombe Court #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; 2,887 square feet; built in 1979; Each unit has an attached one‑car garage, fenced yard, and washer and dryer hookups
