8735 W 54th Place
Arvada, CO, 80002 $ 689,000
Bedrooms6 Baths3.0 Sq 2,646 Monthly Estimate*
$ 4,350
Listed by MODUS Real Estate
for $689,000 with 6 bedrooms and 3 full baths. This 2,646 square foot home was built in 1959.
Fantastic opportunity to own a well-maintained triplex in a prime Arvada location just minutes from Olde Town Arvada. Offering a total of 2,646 square feet, this property consists of three 2-bedroom, 1-bathroom units, including two ground-level ranch-style units and a basement unit located beneath the rear unit. The front unit was recently remodeled and features new countertops, appliances, paint, trim, and a new electric water heater, along with beautiful hardwood flooring throughout the living room, hallway, and both bedrooms. The basement unit has also been recently updated with new LVP flooring, fresh paint, and new baseboards. Both of units are vacant and ready to rent immediately or offer the potential for an owner occupant to live in one and rent the other two units. Major system upgrades throughout the property include two brand new furnaces, three new water heaters, a brand new roof, updated electrical meters installed approximately two years ago, and a replaced sewer line with two separate connections to the city main. Additional improvements include newer windows in the front and rear units, along with two newer egress windows in the basement unit. The property also includes a detached 1-car garage and separate electric meters for each unit, while all three units share a single gas meter. Ideally situated directly across from Terrace Park and less than five minutes from the Olde Town Arvada Light Rail Station, restaurants, breweries, shopping, and entertainment. Convenient access to Downtown Denver, I-70, and the mountains makes this an outstanding opportunity for both investors and owner-occupants alike. Rare opportunity to purchase a triplex in Arvada!
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FeaturesGeneralSewer Public Sewer
Heating Forced Air
Cooling None
Roof Composition
Garage Spaces 1
Construction Materials Brick
Exclusions tenant's personal property including all wall AC units all washer and dryer machines and all mounted TVs.
Year Built 1959
Levels One
Property Subtype Triplex
Tax Year 2024
Ownership Individual
County Jefferson
Property Type Residential Income
HOA N
Attached Garage N
Contingency None Known
Subdivision Name Garneal Acres
Status Pending
High School Arvada
City Arvada
Senior Community Y/N N
High School District Jefferson County R-1
Carport Spaces 0
Listing Terms Cash Conventional FHA VA Loan
Elementary School Arvada K-8
Tax Annual Amount 3914
Middle/Junior High School Arvada K-8
Structure Type Triplex
Standard Status Active Under Contract
Middle/Junior School District Jefferson County R-1
Elementary School District Jefferson County R-1
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InteriorBasement Finished
Basement (Y/N) Y
Above Grade Finished Area 1764
Total Bedrooms 6
Below Grade Finished Area 882
Total Baths 3
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ExteriorTotal Parking 1
Building Area Total 2646
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $4,350
- Monthly Property Taxes
- $326
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbyMulti-family listings in Arvada, CO
Average List Price $951,995
Percent of Sale Price 38%
About Arvada, CO 118,125 Population
14% Since 2002
$ 73,450 Median Income
42.25 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
1956519 Elementary School
1956518 Middle School
Arvada High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/8/2026 | $689,000 | -1.43% | Price Down |
| 6/2/2026 | $699,000 | -3.57% | Price Down |
| 5/14/2026 | $724,900 | | Listed Price |