$8,301 Closing Credit¹
#9012236, Magali Fredrick, Listing Office: HomeSmart
#2631736·
Listing office: Your Castle Real Estate Inc·
Listing agent: Sean Nealon·
Listing office phone: 720-384-8563
$625,000 List price
4685 Wadsworth Blvd Wheat Ridge, CO 80033
$7,422
Closing credit¹
5 beds
1 full, 1 partial
2,270 sqft
0.2 acres
$275 / sqft
House
Property details
About 4685 Wadsworth Blvd
Prime Multi Unit Investment Opportunity in Wheat Ridge – High Income Potential as is or through development. Discover a unique investment opportunity in the heart of Wheat Ridge along the bustling Wadsworth Boulevard corridor. This two unit property sits in a highly opportunistic area, currently zoned R-2, with immense potential for commercial or mixed-use rezoning, offering long-term development advantages. Currently being used as a residential investment with two long term tenants in place. Property Features: Upper Unit: 3-bed, 1-bath, recently remodeled (2020-2021), includes washer/dryer and access to a one-car garage. additional revenue potential by monetizing the garage space. Lower Unit: 2- bed, 1-bath garden-level unit with egress windows in every room, washer/dryer included. Outdoor Space: Fully fenced backyard shared by both units. Parking: Ample off-street parking, including RV parking. Investment Highlights: Cap Rate Growth Potential: Owner currently covers utilities (gas, electric, water, sewer). Transferring these to tenants immediately increases net income. Current Lease Structure: 3-bed unit is month-to-month at $2450, offering flexibility; 2-bed unit leased through November 2025 at $1600. Future Development Upside: Potential for mixed-use conversion, ideal for a retail storefront on one level and residential or office space above. Whether you’re an investor looking to optimize returns with strategic lease adjustments or a visionary developer seeking long-term appreciation in a growing area, this property presents endless opportunities. Don’t miss out on this high-yield, versatile investment in a rapidly evolving market! Contact us today for more details or to schedule a private tour. Seller is open to creative financing opportunities as well.
Highlights
Home typeSingle Family Residence
HeatingNatural Gas, Radiant
StatusActive
Size2,270 sqft
BasementYes
Lot size0.23 Acres
Year built1938
ParkingConcrete
MLS #2631736
Attached garage1 space
Summary
- MLS Number: 2631736
- MLS Name: RECOLORADO
- Office Name: Your Castle Real Estate Inc
- Office Phone: (720) 384-8563
- Office Email: sean@nealonhometeam.com
- Listing Agent: Sean Nealon
Listings courtesy of REColorado as distributed by MLS GRID.
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Presented by Rocket Homes Real Estate, LLC
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The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.
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© 2025 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved
6455 S. Yosemite St., Suite 300
Greenwood Village, CO 80111 USA
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/7/2025, 11:12:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$625,000
4685 Wadsworth Blvd
$7,422
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 07, 2021 | Home Sold | $545,000 |
| Apr 29, 2021 | Home Sold | $21,630 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $36,379 | $3,180 |
| 2021 | $25,235 | $2,214 |
| 2020 | $23,802 | $2,077 |
| 2019 | $23,968 | $1,842 |
| 2018 | $20,681 | $1,664 |
| 2017 | $22,864 | $1,495 |
History based on county public records data.
Nearby schools
5
Wilmore Davis Elementary School
Public District PK-5
0.6 mi
•7975 W 41st Ave
5
Stevens Elementary School
Public District PK-5
0.7 mi
•4001 Reed St
6
Lawrence Elementary School
Public District KG-5
1.2 mi
•5611 Zephyr St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $54,531. The most common annual income of people living in Wheat Ridge, CO is between $35k-100k. Most families are single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
27%
<35k
62%
35k-100k
9%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
44%
Single, No Kids
13%
Single, with Kids
27%
Married, No Kids
16%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
7%
12-17 yrs old
18%
18-34 yrs old
43%
35-64 yrs old
16%
65+ yrs old
What do the neighbors do for fun?
Hiking/backpacking
Horse Races
PGA/LPGA
Where do the neighbors shop?
Nordstrom Rack
Stein Mart
Chico's
Where do the neighbors go to eat?
Chipotle
LongHorn Steakhouse
Bonefish Grill
What do the neighbors drive?
Mazda
Buick
Lincoln
What do the neighbors listen to?
Rock
Contemporary Inspirational
Classical
All data provided by Home Junction and Claritas
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Frequently asked questions
About 4685 Wadsworth Blvd
This home is located at 4685 Wadsworth Blvd in Wheat Ridge, CO and zip code 80033 in the Hillcrest neighborhood. This 2,270 square foot home, which was built in 1938, sits on a 0.23 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 5, 2025 and is currently priced at $625,000.
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 inventory of homes for sale in Wheat Ridge, CO between February and March 2025 increased by 26.1%. 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.