3 months on rocket

3830 Otis St Unit 1-4, Wheat Ridge, CO, 80033

$2,100,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
8 Baths
6,548 SqFt
$321/SqFt
Multi

Location

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3830 Otis St Unit 1-4, Wheat Ridge$2,100,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingAsphalt, Concrete
Garage4 spaces
Year Built1981
HeatingForced Air
CoolingEvaporative Cooling
FireplaceFamily Room
MLS #2082472
StatusActive

About 3830 Otis St Unit 1-4

Welcome to this exceptional quadplex in the desirable Edgewater area, offering a prime investment opportunity with four spacious units, each over 1600 square feet. Something you will not find in any other income property in the surrounding area. Every unit features 2 bedrooms and 2 bathrooms, large kitchen with additional dining area, family room and living room, and their own washer/dryer, designed for comfort and modern living. Stainless Steel appliances finish the modern look of the kitchens, and 4-piece second floor bathrooms provide ample space. The new owner will not have to do anything as recent updates include sleek new flooring, contemporary countertops in the kitchens/baths, and stylish new tile in the kitchen backsplash and bathrooms. Additional upgrades consist of new windows, a newer roof, fresh paint in and out, new gutters, new boilers, and newer privacy fencing. New swamp coolers add to the appeal, providing efficient cooling. New landscaping finishes out the extraordinary upkeep this property has endured. Each unit is equipped with its own detached carport and a one-car garage, along with outside parking ensuring substantial parking. Existing tenants have been leasing for extended periods, and vacancy rates have been zero for over 1 1/2 years and below 2% prior to that. With its blend of updated features and convenient amenities, and great location, this quadplex is a standout property for investors seeking a stable income stream and a well-maintained asset in the Edgewater area.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1981
  • Living Area: 6,548 SqFt

Listing Office:

  • Office Name: The Old Country Real Estate Group LLC
  • Office Phone: (720) 724-3933
  • Listing Agent: Chad Hartmann

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Gas Water Heater, Refrigerator, Self Cleaning Oven, Washer
  • Basement: No
  • Flooring Type: Carpet, Vinyl
  • Interior: Ceiling Fan(s), Laminate Counters, Walk-In Closet(s)
  • Fireplace: Family Room

Bedroom and Bathroom Information:

  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Exterior: Lighting, Private Yard, Rain Gutters

Parking Information:

  • Garage Space: 4 spaces
  • Attached Garage: No
  • Parking: Asphalt, Concrete

Lot Features

Lot Information:

  • Lot: Landscaped, Sprinklers In Front

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Evaporative Cooling

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,100,000
  • Price Per SqFt: $321/SqFt
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Housing Market Comparison

See how this home compares to others in Wheat Ridge, CO.

Med. Sold Price

$628K

Med. Price/SqFt

$356

Avg. Days On Market

30

# of Sold Homes

27

3830 Otis St Unit 1-4 vs Wheat Ridge

111 DAYS ON ROCKET

+81 Days

$2,100,000

+$1.4M More

$321/SqFt

-$35 Less

KEY TAKEAWAY

This property is $1.4M more than the Median Sold Price and $35/SqFt less than other homes in Wheat Ridge, CO.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RECOLORADO
  • MLS Number: #2082472

Listing Office:

  • Office Name: The Old Country Real Estate Group LLC
  • Office Phone: (720) 724-3933
  • Listing Agent: Chad Hartmann

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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.

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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

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 8:12:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Payment Calculator

$10.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,362

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.

Nearby Schools

school-card-donut-777860
5
/10
  • Stevens Elementary School

  • 4001 Reed St

  • 0.31 miles

  • Public District Grades PK-5

school-card-donut-777861
5
/10
  • Wilmore Davis Elementary School

  • 7975 W 41st Ave

  • 0.85 miles

  • Public District Grades PK-5

school-card-donut-777862
3
/10
  • Lumberg Elementary School

  • 6705 W 22nd Ave

  • 1.35 miles

  • Public District Grades PK-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $43,199. The most common annual income of people living in Wheat Ridge, CO is less than $35k. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas


Rocket HomesColoradoJefferson CountyWheat Ridge800333830 Otis St Unit 1-4

This home is located at 3830 Otis St Unit 1-4 in Wheat Ridge, CO and zip code 80033 in the Old Town Wheat Ridge neighborhood. This 6,548 square foot home was built in 1981. Features: 8 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since September 01, 2024 and is currently priced at $2,100,000.

In November 2024, from all listings sold in Wheat Ridge, CO there were more than 8 sold above asking price, over 13 sold below and more than 6 were sold right at the asked price. The number of listings in Wheat Ridge, CO decreased by 13.8% between October 2024 and November 2024. In November 2024, listings were on the market for 30 days. During the same period, the median list price in this real estate market was $628,000.

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

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