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Arvada, CO 80002 8623 W 54th Pl

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Presented By: Keller Williams Realty Downtown LLC; scott@bringhomedenver.com
  • MLS# 2398091
  • 06/09/2025
  • Request Tour
  • Request Info
  • Beds • 6
  • Baths • 3
  • SQFT • 2,615
  • Garage • 3

Home Details

Incredible opportunity to own a beautifully updated triplex just minutes from vibrant Olde Town Arvada! Each of the three 2-bedroom, 1-bath units has been thoughtfully renovated with modern finishes and move-in-ready appeal. The upper two units feature beautifully refinished original hardwood floors, while the lower unit offers durable luxury vinyl plank flooring-no carpet in any unit.Inside, you'll find stainless steel appliances, granite countertops, updated bathrooms, fresh paint, and in-unit washers and dryers. Tenants love the light-filled spaces and pet-friendly amenities, including a shared utility room with a full dog-washing station and Terrace Dog Park just across the street. The large grassy yard with a sprinkler system and three off-street parking spots adds to the property's long-term appeal.Extensive property upgrades include new 200-amp electrical service panels, a new furnace, new water heater, egress windows, new tubs with tiled surrounds, new vanities, LED lighting throughout. Very low-maintenance and easy to rent, this triplex is perfect for investors looking for cash flow from day one.Located just a 15-minute walk to Olde Town Arvada, the G-Line light rail, shops, and restaurants, and only 15 minutes to downtown Denver.Photos are representative of the units. Do not disturb tenants-no showings without an executed contract. Unit rents are $2,035, $2,000, and $1,535.
Presented By: Keller Williams Realty Downtown LLC; scott@bringhomedenver.com

Interior Features for 8623 W 54th Pl

Bedrooms

Total Bedrooms6

Bathrooms

Total Baths3

Other Interior Features

LivingAreaSourceAssessor
Above Grade Finished Area1727
Air Conditioning Y/NNo
BasementPartially Finished
Below Grade Finished Area888
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommon Area

General for 8623 W 54th Pl

AppliancesDishwasher, Refrigerator, Washer, Dryer, Microwave, Disposal
Architectural StyleRanch
Attached Garage No
Cap Rate6.349999
CityArvada
Construction MaterialsBrick/Brick Veneer, Block
CountyJefferson
ElectricElectric, Separate Meter Electricity
Elementary SchoolArvada K-8
ExclusionsTenants' personal property
Garage Spaces3
Garage Y/NYes
Gas Y/NSeparate Meter Gas
Gross Income66840
HOANo
HeatingForced Air
High SchoolArvada
High School DistrictJefferson County R-1
Land Lease Y/NNo
LevelsOne
Living Area UnitsSquare Feet
Lot Size Square Feet7187
Lot Size UnitsSquare Feet
MLS AreaMetro Denver
Middle/Junior High SchoolArvada K-8
Net Operating Income64141
New ConstructionNo
Number Of Units Total3
Operating Expense2699
Patio/Porch FeaturesPatio
Property Attached Y/NNo
Property ConditionNot New, Previously Owned
Property SubtypeIncome Property
Property TypeResidential Income
RoofFiberglass
Senior Community Y/NNo
SewerCity Sewer, Public Sewer
Standard StatusActive
StatusActive
Stories1
Subdivision NameGarneal Acres
Tax Annual Amount5407
Tax Year2024
Tenant PaysGas, Electricity
UtilitiesElectricity Available, Cable Available
Year Built1959

Exterior for 8623 W 54th Pl

Building Area Total2615
Covered Spaces3
FencingPartial
Horse Y/NNo
Lot FeaturesLawn Sprinkler System
Lot Size Acres0.16
Lot Size Area7187
Other ParkingParking Per Unit(1.5 Spaces/Unit)
SpaNo
Water SourceCity Water
Waterfront Y/NNo

Additional Details

Price History

Schools

Middle School Arvada K-8 Middle School
Elementary School Arvada K-8 Elementary School
High School Arvada High School

Nathan Washam

Broker/Owner
Price $999,000
MLS#2398091
List Date 06/09/2025
Property Type Income
Phone 970.988.8295
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