Arvada Four-Unit Building For
For Sale
$899,000
8967 W 54th Pl, Arvada, CO 80002
Spacious units, updated interiors, strong cash flow potential.
Property Size3,232 SF
Price / SF$278.16
Days on Market188
Property Features for 8967 W 54th Pl
General Information
Standard status
Active
Size
3,232 SF
Property subtype
Multi-Family
Building Details
Year Built
1960
Listing Agency:
MMGREA LLC
Listed By:
Kevin Woolsey · License #100079114
(303) 990-4361
Source:
Thecerettogroup
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 7 at 3:15PM
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 MMGREA LLC
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Investment Insights
Based on property information with market context.
This is an attractive four-unit building featuring spacious three-bedroom units. Each unit is individually metered for gas and electric and has its own furnace. The property includes updated interiors and a large shared yard suitable for pets and families. Four large storage units are available, enhancing tenant appeal. The property offers strong current cash flow with rental upside. It is located in Arvada, near light rail and retail areas, with commuter access. The bike score is 64, indicating it is bikeable. The walk score is 42, indicating car-dependent accessibility. The transit score is 30, indicating some transit options are available.
Key Highlights
- Strong current cash flow with rental upside.
- Rare, spacious 3‑bedroom units throughout.
- Excellent Arvada location near light rail, retail, and easy commuter access.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,606
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$832,120
$832.1K
Cap Rate 7%
$594,371
$594.4K
Cap Rate 9%
$462,289
$462.3K
Market Conditions
NOI Build-Up for 3,232 SF
Gross rent
$64.0K $19.80/SF
− Vacancy
−$4.6K −$1.41/SF
EGI
$59.4K $18.39/SF
− OpEx
−$17.8K −$5.52/SF
NOI
$41.6K $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%
$832,120
Cap Rate 7%
$594,371
Cap Rate 9%
$462,289
Alternative Uses
Best Use
Multifamily LT 5
$594.4K
$520.1K – $693.4K
NOI $41,606 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$546.8K
$478.5K – $638.0K
NOI $38,279 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$864.3K
$756.3K – $1.01M
NOI $60,503 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
739
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
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
Frequently Asked Questions
What type of property is this?
Quadplex - Spacious units, updated interiors, strong cash flow potential.
Where is this quadplex located?
The property is located at 8967 W 54th Pl Arvada, CO.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Strong current cash flow with rental upside.; Rare, spacious 3‑bedroom units throughout.; Excellent Arvada location near light rail, retail, and easy commuter access.
