$580,000
$20K PRICE DROP

Estimated payment $3,343/month

Total Views 3,918
2 Beds
2 Baths
1,582 Sq Ft
$367 Price per Sq Ft

Highlights

  • No HOA
  • Forced Air Heating System
  • Partially Fenced Property
  • 1-Story Property
  • North Facing Home
  • Level Lot

About This Home

Fantastic investment opportunity in Wheat Ridge! This side-by-side duplex offers two spacious 2-bed, 1-bath units (unit 4785 and 4787), perfectly situated close to Wadsworth and vibrant Old Town Arvada with shopping, dining, and entertainment at your fingertips. One unit is currently leased at $1,685/month, while the second unit is vacant—recent Rentometer analysis indicates potential rents averaging $1,906 and median rents at $1,798/month, offering great income potential.

Ideal for both investors and owner-occupants: live comfortably in one unit while generating rental income from the other, or rent both units long-term or short-term (Wheat Ridge allows short-term rental permits). Future possibilities include splitting the duplex into individual units (buyer to verify details with the city).

Recent updates include upgraded electrical panels and service, new water heaters, and a certified roof, making this duplex rental-ready. Tenants pay their own gas and electric utilities, minimizing landlord expenses. Easy access to I-70 and conveniently located near the new Lutheran Hospital, adding to its appeal.

Please note: the bush in front of the second unit will be removed prior to sale.

Contact the listing agent today for more information or to schedule your private showing!

Listing Agent

Sean Gribbons

The Gold Standard Brokerage Brokerage Email: sean@tgsbrokerage.com,303-883-3833 License #100055843 Listed on: 07/01/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,193

Year Built

  • Built in 1958

Lot Details

  • North Facing Home
  • Partially Fenced Property
  • Level Lot

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Brick Exterior Construction
  • Frame Construction

Interior Spaces

  • 1,582 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Laundry in unit

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Location

  • Flood Zone Lot

Schools

  • Pennington Elementary School
  • Everitt Middle School
  • Wheat Ridge High School

Utilities

  • No Cooling
  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Clearvale Subdivision

Listing and Financial Details

  • Property held in a trust
  • Assessor Parcel Number 043200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,193

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Structure Type: Duplex
  • Levels: One
  • Year Built: 1958
  • Above Grade Finished Sq Ft: 1582
  • Exclusions: None
  • Living Area: 1582
  • SubdivisionName: Clearvale
  • Ownership: Corporation/Trust
  • Property Attached Yn: No
  • REC_RVSpaces: 0
  • Attribution Contact: sean@tgsbrokerage.com,303-883-3833
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Total Bedrooms: 2

Exterior Features

  • Direction Faces: North
  • Roof: Unknown
  • Construction Materials: Brick, Frame

Garage/Parking

  • Attached Garage: No
  • Total Parking Spaces: 4
  • REC_ParkingCount: 1
  • Unit Numberof Parking Per Unit: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Forced Air
  • Laundry Features: In Unit

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 0.00
  • REC_AssociationFeeTotalAnnual: 0.00
  • REC_MultipleAssociationsYN: 0

Schools

  • Middle Or Junior School: Everitt

Lot Info

  • Parcel Number: 043200
  • Fencing: Partial
  • Building Area Total: 1582
  • Lot Features: Flood Zone, Level

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 2193

MLS Schools

  • Elementary School: Pennington
  • High School: Wheat Ridge

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,195 $23,672 $10,713 $12,959
2023 $2,195 $23,672 $10,713 $12,959
2022 $1,845 $19,807 $6,648 $13,159
2021 $1,913 $20,826 $6,990 $13,836
2020 $1,834 $20,006 $6,050 $13,956
2019 $1,809 $20,006 $6,050 $13,956
2018 $1,662 $17,866 $3,884 $13,982
2017 $1,514 $17,866 $3,884 $13,982
2016 $1,210 $13,375 $3,704 $9,671
2015 $1,084 $13,375 $3,704 $9,671
2014 $1,084 $11,269 $3,166 $8,103
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2025 07/14/25 Price Changed $580,000 -3.3% $367 / Sq Ft
07/01/2025 07/01/25 For Sale $600,000 -- $379 / Sq Ft
Source: REcolorado®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $465,400 Elevated Title
Warranty Deed $428,000 Elevated Title
Quit Claim Deed -- --
Warranty Deed $320,000 Land Title Guarantee Company
Warranty Deed $230,000 Stewart Title Of Denver Inc
Warranty Deed $185,900 --
Warranty Deed $144,900 Land Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $418,860 Construction
Previous Owner $148,700 New Conventional
Previous Owner $160,000 Purchase Money Mortgage
Previous Owner $165,000 No Value Available
Previous Owner $160,900 No Value Available
Previous Owner $91,650 No Value Available
Source: Public Records

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