$950,000
$49K PRICE DROP

8623 W 54th Place Arvada, CO 80002

Estimated payment $5,618/month

Total Views 5,472
6 Beds
3 Baths
2,615 Sq Ft
$363 Price per Sq Ft

Highlights

  • No HOA
  • 1-Story Property
  • Forced Air Heating System
  • Covered Patio or Porch
  • Laundry in multiple locations
  • 3-minute walk to Terrace Park

About This Home

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.

Listing Agent

Scott Rosengrants

Keller Williams Realty Downtown LLC Brokerage Email: scott@bringhomedenver.com License #100065298 Listed on: 06/09/2025

Keller Williams Realty Downtown LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,407

Year Built

  • Built in 1959 | Remodeled

Lot Details

  • 7,187 Sq Ft Lot
  • Partially Fenced Property
  • Front and Back Yard Sprinklers

Parking

  • 3 Parking Spaces

Home Design

  • Triplex
  • Brick Exterior Construction

Interior Spaces

  • 1-Story Property
  • Finished Basement
  • Laundry in Basement

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry in multiple locations
  • Dryer
  • Washer

Schools

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

Utilities

  • No Cooling
  • Forced Air Heating System
  • 220 Volts
  • 110 Volts
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • Ground Level

Listing and Financial Details

  • Exclusions: Tenants' personal property
  • The owner pays for grounds care, trash collection, water
  • Assessor Parcel Number 011025

Community Details

Overview

  • No Home Owners Association
  • Garneal Acres Subdivision

Additional Features

  • Laundry Facilities
  • Operating Expense $2,699

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,407

Year Built

Built in 1959 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Structure Type: Triplex
  • Levels: One
  • Year Built: 1959
  • Above Grade Finished Sq Ft: 1727
  • Entry Location: Ground
  • Exclusions: Tenants' personal property
  • Living Area: 2615
  • Property Condition: Updated/Remodeled
  • SubdivisionName: Garneal Acres
  • Ownership: Individual
  • Property Attached Yn: No
  • REC_RVSpaces: 0
  • Attribution Contact: scott@bringhomedenver.com
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Basement: Finished
  • Basement: Yes
  • Total Bedrooms: 6
  • Below Grade Sq Ft: 888

Exterior Features

  • Roof: Shingle
  • Construction Materials: Block, Brick
  • Patio and Porch Features: Covered, Patio

Garage/Parking

  • Attached Garage: No
  • Total Parking Spaces: 3
  • REC_ParkingCount: 1
  • Unit Numberof Parking Per Unit: 1

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Connected, Phone Connected
  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Forced Air
  • Water Source: Public
  • Electric: 110V, 220 Volts
  • Laundry Features: Common Area, In Basement, In Unit, Multiple Locations

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

Fee Information

  • Operating Expense: 2699

Schools

  • Middle Or Junior School: Arvada K-8

Lot Info

  • Parcel Number: 011025
  • Lot Size Acres: 0.16
  • Fencing: Partial
  • Building Area Total: 2615
  • Lot Features: Sprinklers In Front, Sprinklers In Rear
  • Lot Size Sq Ft: 7187

Rental Info

  • Owner Pays: Grounds Care, Trash Collection, Water
  • Tenant Pays: Electricity, Gas, Internet

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 5407

MLS Schools

  • Elementary School: Arvada K-8
  • High School: Arvada

Map

Range of Values:

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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 $5,491 $53,582 $12,148 $41,434
2023 $5,491 $53,582 $12,148 $41,434
2022 $3,793 $38,735 $8,744 $29,991
2021 $3,941 $40,729 $9,194 $31,535
2020 $3,017 $31,266 $8,285 $22,981
2019 $2,976 $31,266 $8,285 $22,981
2018 $2,186 $22,325 $5,323 $17,002
2017 $2,001 $22,325 $5,323 $17,002
2016 $1,765 $18,544 $5,012 $13,532
2015 $1,588 $18,544 $5,012 $13,532
2014 $1,588 $15,684 $4,628 $11,056
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2025 07/21/25 Price Changed $950,000 -2.6% $363 / Sq Ft
06/30/2025 06/30/25 Price Changed $975,000 -2.4% $373 / Sq Ft
06/09/2025 06/09/25 For Sale $999,000 -- $382 / Sq Ft
Source: REcolorado®

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $543,650 Assured Title Agency
Warranty Deed $149,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $216,000 Credit Line Revolving
Open $549,450 FHA
Closed $497,847 FHA
Previous Owner $134,150 Unknown
Previous Owner $134,100 No Value Available
Source: Public Records

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Source: REcolorado®

MLS Number: 2398091

REcolorado®

APN: 39-151-12-013