12-Unit Apartment
For Sale
Contact for pricing
9990 W 59th Pl, Arvada, CO 80004
Multifamily property with a two-bedroom-heavy unit mix in a residential Arvada setting near downtown amenities and commuter rail.
Property Size9,408 SF
Price / SF$188.67
Days on Market162
Property Features for 9990 W 59th Pl
General Information
Standard status
Active
Size
9,408 SF
Class
C
Total Parking Spaces
19
Property subtype
Multifamily
Zoning
R-M
Investment Type
Stabilized
Net Operating Income
$100,103
Units
Unit Mix
2 x 1BR, 10 x 2BR
Multifamily Units
12
Additional Details
Public Transit
Yes
Building Details
Year Built
1959
Buildings
1
Units
12
Tenancy
Multi
Listing Agency:
NORTHPEAK Commercial Advisors
Listed By:
Kevin Calame · License #CO 100022816
(303) 263-6260
Source:
Crexi
Added: May 8
Changed: Oct 9
Last Checked: Oct 14 at 10:37PM
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 NORTHPEAK Commercial Advisors
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Investment Insights
Based on property information with market context.
Located at 9990 W 59th Pl in Arvada, Colorado, this apartment property contains 12 units within 9,408 square feet. The unit mix includes 2 one-bedroom apartments and 10 two-bedroom apartments, providing a predominantly two-bedroom configuration. Constructed in 1959, the property is zoned R-M.
The community sits in a quiet residential neighborhood near Olde Town Arvada, where residents have access to shops, dining, and entertainment. The RTD G Line commuter rail is also nearby, connecting the property to the broader area. The combination of an established multifamily building, defined unit mix, and proximity to downtown Arvada and rail service provides a clear overview of the asset’s physical and locational profile.
The community sits in a quiet residential neighborhood near Olde Town Arvada, where residents have access to shops, dining, and entertainment. The RTD G Line commuter rail is also nearby, connecting the property to the broader area. The combination of an established multifamily building, defined unit mix, and proximity to downtown Arvada and rail service provides a clear overview of the asset’s physical and locational profile.
Key Highlights
- 12 total apartment units: 2 one‑bedroom and 10 two‑bedroom units
- 9,408 square feet of multifamily property
- Built in 1959
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,426
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,228,520
$2.2M
Cap Rate 7%
$1,591,800
$1.6M
Cap Rate 9%
$1,238,067
$1.2M
Market Conditions
NOI Build-Up for 9,408 SF
Gross rent
$219.0K $23.28/SF
− Vacancy
−$16.4K −$1.75/SF
EGI
$202.6K $21.53/SF
− OpEx
−$91.2K −$9.69/SF
NOI
$111.4K $11.84/SF
Area
Arvada, CO
Vacancy
7.50%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,228,520
Cap Rate 7%
$1,591,800
Cap Rate 9%
$1,238,067
Alternative Uses
Best Use
Apartment 5plus
$1.59M
$1.39M – $1.86M
NOI $111,426 @ 7.0% cap · market cap 6.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.52M
$2.20M – $2.94M
NOI $176,118 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
646
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with a two-bedroom-heavy unit mix in a residential Arvada setting near downtown amenities and commuter rail.
Where is this apartment building located?
The property is located at 9990 W 59th Pl Arvada, CO.
What is the asking price?
The asking price for this property is $1,775,000.
What are key features of this property?
This property features: 12 total apartment units: 2 one‑bedroom and 10 two‑bedroom units; 9,408 square feet of multifamily property; Built in 1959
