3830 Otis Street # 1-4 Wheat Ridge, CO $ 1,775,000
3830 Otis Street # 1-4
$ 1,775,000
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3830 Otis Street # 1-4

Wheat Ridge, CO, 80033
$ 1,775,000
Bedrooms8 Baths8.0 Sq 6,548

Monthly Estimate*

$ 11,074

Listed by The Old Country Real Estate Group LLC
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Multi-Family Home for sale in Wheat Ridge, CO

for $1,775,000 with 8 bedrooms and 8 full baths. This 6,548 square foot home was built in 1981.

Welcome to this exceptional quadplex in the desirable Edgewater area, offering a prime investment opportunity with four spacious units, each over 1600 square feet. Something you will not find in any other income property in the surrounding area. Every unit features 2 bedrooms and 2 bathrooms, large kitchen with additional dining area, family room and living room, and their own washer/dryer, designed for comfort and modern living. Stainless Steel appliances finish the modern look of the kitchens, and 4-piece second floor bathrooms provide ample space. The new owner will not have to do anything as recent updates include sleek new flooring, contemporary countertops in the kitchens/baths, and stylish new tile in the kitchen backsplash and bathrooms. Additional upgrades consist of new windows, a newer roof, fresh paint in and out, new gutters, new boilers, and newer privacy fencing. New swamp coolers add to the appeal, providing efficient cooling. New landscaping finishes out the extraordinary upkeep this property has endured. Each unit is equipped with its own detached carport and a one-car garage, along with outside parking ensuring substantial parking. Existing tenants have been leasing for extended periods, and vacancy rates have been zero for over 1 1/2 years and below 2% prior to that. With its blend of updated features and convenient amenities, and great location, this quadplex is a standout property for investors seeking a stable income stream and a well-maintained asset in the Edgewater area.

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Multi-Family Active

Price

$ 1,775,000

Bedrooms

8

Full Bath

8

Property Type

Multi-Family

Taxes

$ 2,326

Style

Traditional

Year Built

1981

Town/City

Wheat Ridge

County/Region

Jefferson

MLS | Web ID

2082472

Features
Interior
Interior Amenities Ceiling Fan(s) Laminate Counters Walk-In Closet(s)
Flooring Carpet Vinyl
Total Fireplaces 4
Fireplace Features Family Room
Common Walls 2+ Common Walls
Basement (Y/N) N
Above Grade Finished Area 6548
Laundry Features In Unit
Total Bedrooms 8
Total Baths 8
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General
Sewer Public Sewer
Heating Forced Air
Cooling Evaporative Cooling
Utilities Electricity Connected
Possession Closing/DOD
Roof Composition
Appliances Dishwasher Disposal Dryer Gas Water Heater Refrigerator Self Cleaning Oven Washer
Garage Spaces 4
Patio/Porch Features Covered Front Porch
Architectural Style Traditional
Security Features Smoke Detector(s)
Construction Materials Brick Wood Siding
Exclusions Any/all items owned by current tenants.
Year Built 1981
Tenant Pays Cable TV Electricity Gas Grounds Care
Levels Two
Unit Number 1-4
Property Subtype Quadruplex
Tax Year 2023
Ownership Individual
Gross Income 95256
County Jefferson
Operating Expense 20360
Property Type Residential Income
HOA N
Attached Garage N
Subdivision Name Patio Court Condos
Status Active
High School Wheat Ridge
City Wheat Ridge
Senior Community Y/N N
High School District Jefferson County R-1
Carport Spaces 5
Listing Terms 1031 Exchange Cash Conventional Jumbo
Elementary School Stevens
Tax Annual Amount 2326
Middle/Junior High School Everitt
Property Condition Updated/Remodeled
Structure Type Quadruplex
Standard Status Active
Occupancy Type Tenant
Middle/Junior School District Jefferson County R-1
Elementary School District Jefferson County R-1
Cap Rate 4.95
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Exterior
Exterior Amenities Lighting Private Yard Rain Gutters
Fencing Partial
Parking Features Asphalt Concrete
Lot Features Landscaped Sprinklers In Front
Water Source Public
Total Parking 13
Building Area Total 6548
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Internal Only
Street Number 1 3830
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* Excluded Features
List By
The Old Country Real Estate Group Llc

Broker

(720) 724-3933

Phone

Affordability Calculator

$11,268
Per Month
98%
2%
0%
Monthly Principal & Interest
$11,074
Monthly Property Taxes
$194
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1956157 Elementary School
1955853 Middle School
Wheat Ridge High School High School
Pricing History
DatePricePrice ChangeDescription
8/3/2025$1,775,000 -10.80% Price Down
3/28/2025$1,990,000 -5.24% Price Down
9/1/2024$2,100,000 Listed Price

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3830 Otis Street # 1-4, Wheat Ridge, CO, 80033 is a Multi-Family Home for sale at $1,775,000 with 6,548 sqft. 3830 Otis Street # 1-4 has 8 bedrooms, 8.0 baths, and was built in 1981. The property's zip code is 80033 which is in Wheat Ridge, CO