1 month on rocket

8609 W 54th Pl, Arvada, CO, 80002

$900,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
4 Baths
3,584 SqFt
$251/SqFt
Multi
Schools Nearby

Location

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8609 W 54th Pl, Arvada$900,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingAsphalt
Year Built1961
HeatingForced Air
CoolingEvaporative Cooling
BasementYes
MLS #5776650
Lot Size0.17 Acres
StatusActive

About 8609 W 54th Pl

JUST LISTED! Opportunity to purchase this 4-unit apartment building in close proximity to Olde Town Arvada with quick access to I70 and Wadsworth. When fully occupied the property CAP rate is 5.43% with the opportunity to raise rents of 3/4 units within the first year. The property offers a strong unit mix of 3 bed/1 bath, 2 bed/1 bath, and 1 bed/1 bath units. Tenants can take advantage of the fenced-in common space out back and plenty of off-street parking spaces. The property is adjacent to Terrace Park. The roof is 4 years old. This property would be a great opportunity for a seasoned investor or someone looking to live in one unit and have tenants offset your mortgage. Please reach out to Jake Lowell to set up a showing today!

Property Details

Property Features

Property Information:

  • Year Built: 1961
  • Living Area: 3,584 SqFt

Listing Office:

  • Office Name: Marcum Commercial Advisors
  • Office Email: Jake@MarcumCommercial.com
  • Listing Agent: Jake Lowell

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Exterior: Private Yard

Parking Information:

  • Attached Garage: No
  • Parking: Asphalt

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Evaporative Cooling

School Info

Assigned Schools Information:

  • Arvada High School, Public District Grades 9-12
  • Arvada K-8 School, Public District Grades KG-8

Price Information

Listing Price Info

Price Summary:

  • List Price: $900,000
  • Price Per SqFt: $251/SqFt

Tax Information:

  • Annual Amount: $4,305
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Arvada, CO.

Med. Sold Price

$643.5K

Med. Price/SqFt

$314

Avg. Days On Market

21

# of Sold Homes

176

8609 W 54th Pl vs Arvada

43 DAYS ON ROCKET

+22 Days

$900,000

+$256.4K More

$251/SqFt

-$63 Less

KEY TAKEAWAY

This property is $256.4K more than the Median Sold Price and $63/SqFt less than other homes in Arvada, CO.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RECOLORADO
  • MLS Number: #5776650

Listing Office:

  • Office Name: Marcum Commercial Advisors
  • Office Email: Jake@MarcumCommercial.com
  • Listing Agent: Jake Lowell

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IDX ©2024 METROLIST, INC., DBA RECOLORADO® - All Rights Reserved.

Presented by Rocket Homes Real Estate, LLC
Licensed in Colorado Brokerage License # EC. 100073419

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than Rocket Homes Real Estate, LLC are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

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The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

Equal Housing

© 2024 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved
6455 S. Yosemite St., Suite 300
Greenwood Village, CO 80111 USA

ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/3/2024, 1:57:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 15, 2016Home Sold
$510,000
Jul 15, 2008Home Sold
$235,100
Nov 16, 2007Home Sold
$205,000
Mar 06, 2006Home Sold
$285,500
Nov 06, 2001Home Sold
$310,000
Aug 04, 1999Home Sold
$245,000

Tax History

YEARPROP. TAXASSESSMENT
2020$4,305$44,616
2019$3,665$44,928
2018$3,356$37,440
2017$2,417$41,392

History based on county public records data.

Payment Calculator

$4,559

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,765

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-5144628
4
/10
  • Arvada K-8 School

  • 5751 Balsam St

  • 0.44 miles

  • Public District Grades KG-8

High School

school-card-donut-5144629
2
/10
  • Arvada High School

  • 7951 W 65th Ave

  • 1.47 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,287. The most common annual income of people living in Arvada, CO is less than $35k. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas


Rocket HomesColoradoJefferson CountyArvada800028609 W 54th Pl

This home is located at 8609 W 54th Pl in Arvada, CO and zip code 80002 in the Olde Town Arvada neighborhood. This 3,584 square foot home, which was built in 1961, sits on a 0.17 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since March 20, 2024 and is currently priced at $900,000.

In April 2024, from all listings sold in Arvada, CO there were more than 79 sold above asking price, over 63 sold below and more than 34 were sold right at the asked price. The inventory of homes for sale in Arvada, CO between March 2024 and April 2024 increased by 40.8%. In April 2024, listings were on the market for 21 days. During the same period, the median list price in this real estate market was $643,524.

From Rocket Homes Real Estate and based on county public records data.

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