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$3,200,000
Est. payment /mo
36 Beds
16,400 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 16,400 sqft
Price per Sqft $195
Subdivision 639600 Ridge Park
MLS Listing ID 5190965
Bedrooms 36
HOA Y/N No
Abv Grd Liv Area 16,400
Year Built 1961
Annual Tax Amount $23,949
Tax Year 2025
Property Sub-Type Quadruplex
Source recolorado
Property Description
Hearthstone Flats is a fully renovated apartment community in the heart of Arvada, just minutes from Olde Town Arvada, Arvada Market Place, and I-70. The property has been thoughtfully updated with new LVT flooring, modern kitchens and baths, stainless steel appliances, and upgraded interior finishes throughout, complemented by on-site laundry, off-street parking, and a quiet, park-like setting. With new roof, gutters, stairs, and sewer lines all installed within the past several years, the asset offers a turnkey physical plant with limited near-term capital needs. In-place rents remain well below surrounding renovated comparables, creating a clear path to meaningful NOI growth through natural lease turnover and strategic rent adjustments, without the execution risk of heavy renovation.
Location
State CO
County Jefferson
Interior
Heating Hot Water
Cooling Other
Fireplace N
Exterior
Roof Type Unknown
Total Parking Spaces 30
Garage No
Building
Sewer Public Sewer
Level or Stories One
Structure Type Wood Siding
Schools
Elementary Schools Arvada K-8
Middle Schools Arvada K-8
High Schools Arvada
School District Jefferson County R-1
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.
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