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For sale
  • Price cut: $25K (7/21)
    $950,000

    8623 W 54th Place, Arvada, CO 80002

    4beds
    2baths
    2,615sqft
    : 
    Triplex
    Built in 1959
    -- sqft lot
    $932,800 Zestimate®
    $363/sqft
    $-- HOA

    What's special

    Large grassy yardSprinkler systemThree off-street parking spotsNew vanitiesStainless steel appliancesGranite countertopsIn-unit washers and dryers
    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.
    59 days
    on Zillow
    |
    284
    |
    14
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 21, 2025 at 10:19am

    Listed by:

    Scott Rosengrants scott@bringhomedenver.com,

    Keller Williams Realty Downtown LLC

    Source: REcolorado,MLS#: 2398091MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 8623 W 54th Place.

    Next available tour time:Tomorrow at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    Heating
    • Forced Air
    Cooling
    • None
    Appliances
    • Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer
    • Laundry: Common Area, In Basement, In Unit, Multiple Locations
    Features
    • Basement: Finished
    Interior area
    • Total structure area: 2,615
    • Total interior livable area: 2,615 sqft
    • Finished area above ground: 1,727
    • Finished area below ground: 888

    Property

    Parking
    • Total spaces: 3
    • Details: Off Street Spaces: 3
    Features
    • Levels: One
    • Stories: 1
    • Entry location: Ground
    • Patio & porch: Covered, Patio
    • Fencing: Partial
    Lot
    • Size: 7,187 Square Feet
    • Features: Sprinklers In Front, Sprinklers In Rear
    Details
    • Parcel number: 011025
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex
    Materials
    • Block, Brick
    Condition
    • Updated/Remodeled
    • Year built: 1959

    Utilities & green energy

    • Electric: 110V, 220 Volts
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Natural Gas Connected, Phone Connected

    Community & HOA

    Community
    • Subdivision: Garneal Acres
    HOA
    • Has HOA: No
    Location
    • Region: Arvada

    Financial & listing details

    • Price per square foot: $363/sqft
    • Tax assessed value: $799,743
    • Annual tax amount: $5,407
    • Date on market: 6/9/2025
    • Listing terms: 1031 Exchange,Cash,Conventional,FHA
    • Exclusions: Tenants' Personal Property
    • Ownership: Individual
    • Tenant pays: Electricity, Gas, Internet
    • Electric utility on property: Yes
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