Arvada, CO 80003 5815 Pierce St A-H

5815 Pierce St A-H Arvada, CO - Image 15815 Pierce St A-H Arvada, CO - Image 25815 Pierce St A-H Arvada, CO - Image 3
Presented By: Ccb Real Estate Llc; 9703723007
  • MLS# 1032702
  • 05/01/2025
  • Request Tour
  • Request Info
  • Beds • 16
  • Baths • 16
  • SQFT • 12,000

Home Details

CBRE is pleased to present 5815 Pierce St, an eight-unit multifamily investment opportunity in Arvada, Colorado. Built in 1983, this asset has been under long-term ownership, allowing investors to take advantage of substantial increases in income and asset values through a systematic value-add approach. All eight units are individually deeded townhome-style, with two bedrooms and one and a half bathrooms. The basements currently have laundry hookups and the potential to add a third bedroom and second bathroom. Located just a half mile from Olde Town Arvada, 5815 Pierce St is surrounded by top retail and abundant employment. Nearby, historic Olde Town is the heart and soul of Arvada, with many dining, retail, and entertainment options and a light-rail station serving downtown Denver. 5815 Pierce St's excellent suburban location and attractive unit layouts will continue to garner high renter demand. These factors and the immediate income upside create a compelling opportunity for investors to acquire a unique, well-located asset in one of the most desirable Denver suburbs.
Presented By: Ccb Real Estate Llc; 9703723007

Interior Features for 5815 Pierce St A-H

Bedrooms

Total Bedrooms16

Bathrooms

Total Baths16

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NYes
BasementFull
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesWasher/Dryer Hookups

General for 5815 Pierce St A-H

AppliancesSome Appliances
Attached Garage No
Cap Rate6.28
CityArvada
Construction MaterialsWood/Frame
CoolingCeiling Fan(s)
CountyJefferson
ElectricSeparate Meter Electricity
Elementary SchoolSecrest
ExclusionsTenant's personal property
Garage Y/NNo
Gross Income173016
HOANo
HeatingBaseboard
High SchoolArvada
High School DistrictJefferson Dist R-1
Land Lease Y/NNo
LevelsTwo
Living Area UnitsSquare Feet
Lot Size Square Feet8000
Lot Size UnitsSquare Feet
MLS AreaMetro Denver
Middle/Junior High SchoolOberon Jr
Net Operating Income131903
New ConstructionNo
Number Of Units Total8
Operating Expense41113
Possible UseMulti-Family
Property Attached Y/NNo
Property ConditionNot New, Previously Owned
Property SubtypeIncome Property
Property TypeResidential Income
RoofComposition
Senior Community Y/NNo
Standard StatusActive
StatusActive
Stories2
Subdivision NamePierce Plaza Condo Map
Tax Annual Amount15321
Tax Year2024
Tenant PaysElectricity
Unit NumberA-H
Waterfront Y/NNo
Year Built1983
ZoningMULTI-RESI

Exterior for 5815 Pierce St A-H

Horse Y/NNo
Lot Size Acres0.18
Lot Size Area8000
Other ParkingParking Per Unit(2 Spaces/Unit)
SpaNo
Water SourceCity Water, City

Additional Details

Price History

Schools

High School Arvada High School
Middle School Oberon Jr Middle School
Elementary School Secrest Elementary School

Jon Holsten

Price $2,100,000
MLS#1032702
List Date 05/01/2025
Property Type Income
Phone 970.237.2752
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Request Info
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