$1,098,000

3728 N Vance St Unit 1-4 Wheat Ridge, CO 80033

$10,000
Closing credit¹
8 beds
4 baths
3,264 sqft
0.2 acres
$336 / sqft
Multi-Family

Property details

About 3728 N Vance St Unit 1-4

Prime Investment Opportunity in Wheat Ridge – 4-Plex! Unlock the potential of income-generating real estate with this exceptional 4-plex in the heart of Wheat Ridge, Colorado. This property offers investors a prime opportunity to capitalize on the growing rental demand while benefiting from a modern living environment designed for tenant satisfaction. Units: 4 (Each featuring 2 Bedrooms and 1 Bathroom) Key Features: Each unit is being updated with contemporary designs that appeal to today's renters. High Rental Income Potential: With a projected gross income of $102,768 annually, this property is positioned to maximize returns, yielding a strong Projected Cap Rate of 8.83% based on an all-cash offer and anticipated operating income. Each unit's functional layout ensures tenant comfort, maximizing occupancy and minimizing turnover. Located near shopping, dining, and parks, residents enjoy an active lifestyle with easy access to major highways. Wheat Ridge is rapidly growing, making it a hot market for rental properties, evidenced by competitive rental rates found on Zillow. Recent comps in the area indicate rental rates aligning with the monthly rate of $8,564, demonstrating strong demand and validating the investment potential of this property. Nearby properties are achieving similar occupancy rates, establishing Wheat Ridge as a thriving rental market. Investment Summary: Gross Income: $102,768 Annual Operating Expenses: $6,000 Actual Annual Net Income: $96,768 Cap Rate: Approximately 8.83% (based on an all-cash offer) Price: $1,095,000 Don’t let this opportunity pass you by! Whether you're a seasoned investor or new to the multi-family market, this 4-plex in Wheat Ridge is set to deliver excellent returns and long-term growth potential. Contact us today to schedule a walkthrough and discover how you can make this prime income property your own!

Highlights

Home typeQuadruplex
HeatingForced Air
StatusActive
Size3,264 sqft
Lot size0.19 Acres
Year built1959
ParkingConcrete
MLS #8193818

Summary

  • MLS Number: 8193818
  • MLS Name: RECOLORADO
  • Office Name: RE/MAX ALLIANCE
  • Office Phone: (720) 763-4652
  • Office Email: sjreservices@gmail.com
  • Listing Agent: Sylvia Jones

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6455 S. Yosemite St., Suite 300
Greenwood Village, CO 80111 USA

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Last updated on: 4/13/2025, 5:13:03 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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back of house with entry steps, fence, and brick siding

$1,098,000

3728 N Vance St Unit 1-4

$10,000

closing credit¹

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Seller rebate

0.5% sale price²

Price information

Property sales

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Tax history

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Nearby schools

5

Stevens Elementary School

Public District PK-5

0.3 mi

4001 Reed St

5

Wilmore Davis Elementary School

Public District PK-5

0.5 mi

7975 W 41st Ave

3

Lumberg Elementary School

Public District PK-6

1.3 mi

6705 W 22nd Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $42,661. Typical income of Wheat Ridge, CO residents is between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

How much money do the neighbors make?

40%
<35k
51%
35k-100k
7%
100k-200k
2%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

62%
Single, No Kids
9%
Single, with Kids
20%
Married, No Kids
9%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

12%
<11 yrs old
5%
12-17 yrs old
19%
18-34 yrs old
38%
35-64 yrs old
26%
65+ yrs old

What do the neighbors do for fun?

  • PGA/LPGAPGA/LPGA
  • Figure SkatingFigure Skating
  • Continuing Education CoursesContinuing Education Courses

Where do the neighbors shop?

  • Chico'sChico's
  • Express/Express For MenExpress/Express For Men
  • Stein MartStein Mart

Where do the neighbors go to eat?

  • Cracker BarrelCracker Barrel
  • Bob EvansBob Evans
  • QdobaQdoba

What do the neighbors drive?

  • BuickBuick
  • OldsmobileOldsmobile
  • VolkswagenVolkswagen

What do the neighbors listen to?

  • Soft Adult ContemporarySoft Adult Contemporary
  • NewsNews
  • Urban ContemporaryUrban Contemporary
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 3728 N Vance St Unit 1-4 in Wheat Ridge, CO and zip code 80033 in the Old Town Wheat Ridge neighborhood. This 3,264 square foot home, which was built in 1959, sits on a 0.19 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since March 20, 2025 and is currently priced at $1,098,000.

Over 10 listings were sold over their listed price in March 2025 in Wheat Ridge, CO. In the same period over 19 listings were sold below the listed price and 6 listings were sold for the listed price. The number of listings in Wheat Ridge, CO increased by 26.1% between February and March 2025. In March 2025 median list price was $645,666 and the average listing age was 49 days.

From Rocket Homes Real Estate and based on county public records data.

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