Four-Unit Apartment
New
For Sale
$925,000
9436 W 57th Ave, Arvada, CO 80002
Four individually leased residences offer shared laundry, off-street parking, and month-to-month occupancy.
Property Size3,800 SF
Days on Market4
Property Features for 9436 W 57th Ave
General Information
Standard status
Active
Size
3,800 SF
Total Parking Spaces
11
Property subtype
Investment
Lease Term
Month-to-month
Property Condition
Severity
Repairs Needed
Evidence
opportunity for additional cosmetic updates
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$5,038
Amenities
on-site laundry
Building Details
Building Size
3,800 SF
Year Built
1973
Listed By:
Hayley Mork
(720) 442-4898
Source:
Elliman
Added: Sep 19
Last Checked: Sep 21 at 9:19AM
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 Hayley Mork
Investment Insights
Based on property information with market context.
Built in 1973, this quadplex contains four two-bedroom, one-bath residences measuring approximately 800 square feet each. Shared on-site laundry and 11 off-street parking spaces support the property’s day-to-day functionality. One residence has received updates including flooring, kitchen cabinetry and countertops, appliances, bathroom fixtures, and interior paint, while the other units offer room for additional cosmetic improvements.
Tenants pay their own gas, electric, and internet expenses. Ownership currently covers water, trash and recycling, and common-area electric. All four units are occupied on a month-to-month basis, allowing flexibility in maintaining the existing rental arrangement or making changes over time. The property is approximately 1.25 miles from Olde Town Arvada and has access to nearby dining, shopping, entertainment, and transportation options.
Tenants pay their own gas, electric, and internet expenses. Ownership currently covers water, trash and recycling, and common-area electric. All four units are occupied on a month-to-month basis, allowing flexibility in maintaining the existing rental arrangement or making changes over time. The property is approximately 1.25 miles from Olde Town Arvada and has access to nearby dining, shopping, entertainment, and transportation options.
Key Highlights
- Four 2‑bedroom, 1‑bath units, each approximately 800 square feet
- 11 off‑street parking spaces and shared on‑site laundry
- One unit updated with new flooring, kitchen cabinets, countertops, appliances, bathroom fixtures, and fresh paint
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,918
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$978,360
$978.4K
Cap Rate 7%
$698,829
$698.8K
Cap Rate 9%
$543,533
$543.5K
Market Conditions
NOI Build-Up for 3,800 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$75.2K $19.80/SF
− Vacancy
−$5.4K −$1.41/SF
EGI
$69.9K $18.39/SF
− OpEx
−$21.0K −$5.52/SF
NOI
$48.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$978,360
Cap Rate 7%
$698,829
Cap Rate 9%
$543,533
Alternative Uses
Best Use
Multifamily LT 5
$698.8K
$611.5K – $815.3K
NOI $48,918 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$642.9K
$562.6K – $750.1K
NOI $45,006 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$1.02M
$889.2K – $1.19M
NOI $71,136 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four individually leased residences offer shared laundry, off-street parking, and month-to-month occupancy.
Where is this quadplex located?
The property is located at 9436 W 57th Ave Arvada, CO.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath units, each approximately 800 square feet; 11 off‑street parking spaces and shared on‑site laundry; One unit updated with new flooring, kitchen cabinets, countertops, appliances, bathroom fixtures, and fresh paint
