Listed By:
Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.;
Address
5361 Everett Street, Arvada, CO
Price
$ 3,200,000
Property Attributes
  • MLS#5190965
  • TypeMulti-Family
  • Listing Status Active
  • CountyJEFFERSON
  • CityArvada
  • Neighborhood639600 RIDGE PARK
  • Zip80002
  • StyleQuadruplex
  • Year Built1961
  • Taxes$ 23949
  • Price$ 3,200,000
  • Bedrooms36
  • Full Bathrooms22
  • Half Bathrooms0
  • Sqr Footage16400
Data Source:
REColorado (MTOMLS)
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.

Elementary School Middle School High School
Arvada K-8 Elementary School Arvada K-8 Middle School Arvada High School
Price History
9/4/2026 Listed $3,200,000

General Features

Sewer Public Sewer
Heating Hot Water
Cooling Other
Roof Unknown
Construction Materials Wood Siding
Exclusions n/a
Year Built 1961
Levels One
Property Subtype Quadruplex
Tax Year 2025
Ownership Individual
County Jefferson
Property Type Residential Income
HOA No
Attached Garage No
Subdivision Name 639600 RIDGE PARK
Status Active
High School Arvada
City Arvada
Senior Community Y/N No
High School District Jefferson County R-1
Listing Terms Cash,Conventional,Other
Elementary School Arvada K-8
Tax Annual Amount 23949
Middle/Junior High School Arvada K-8
Structure Type Quadruplex
Standard Status Active
Occupancy Type Owner
Middle/Junior School District Jefferson County R-1
Elementary School District Jefferson County R-1

Interior Features

Basement (Y/N) No
Above Grade Finished Area 16400
Total Bedrooms 36
Total Baths 22

Exterior Features

Total Parking 30
Building Area Total 16400

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 80002

Price
AVG $1.32M
$3.2M
Taxes
AVG $8,748
$23,949
Year Built
AVG 1963
1961
Visits
AVG 118
6
Data Provided by Inside Real Estate®