982 S Sheridan Boulevard, Denver, CO 80226
Local realty services provided by:CENTURY 21 Community First
982 S Sheridan Boulevard,Denver, CO 80226
$1,850,000
- 20 Beds
- 10 Baths
- 7,500 sq. ft.
- Multi-family
- Active
Listed by: charles burkhart
Office: marcus & millichap real estate investment services of atlanta, inc.
MLS#:3064703
Source:ML
Price summary
- Price:$1,850,000
- Price per sq. ft.:$246.67
About this home
Marcus & Millichap is pleased to present the exclusive opportunity to acquire 6030 Yarrow Street, a stabilized six-unit multifamily investment in Arvada, Colorado. Offered at a 6.46% in-place cap rate with projected expansion to 7.41% in Year One, the asset provides a clear path to immediate income growth through achievable trade-outs rather than reliance on speculative value-add execution.
The property features a balanced mix of two- and three-bedroom units, with current average rents of $1,843 for two-bedrooms and $2,050 for three-bedrooms. This larger-unit profile aligns with durable tenant demand in one of the northwest metro’s most supply-constrained submarkets. With projected stabilized cash-on-cash returns exceeding 10%, the investment offers consistent yield and attractive risk-adjusted performance throughout the hold period.
Strategically located near Olde Town Arvada with strong commuter access, 6030 Yarrow Street benefits from desirable 1980s construction—an uncommon vintage for a six-unit asset. The combination of stable in-place cash flow, measurable day-one NOI growth, and long-term appreciation potential positions this offering as a compelling opportunity within the Denver MSA....
Contact an agent
Home facts
- Year built:1956
- Listing ID #:3064703
Rooms and interior
- Bedrooms:20
- Total bathrooms:10
- Living area:7,500 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
- Central air:Yes
Structure and exterior
- Year built:1956
- Building area:7,500 sq. ft.
- Lot Features:Level
- Construction Materials:Brick
- Levels:1 Story
Schools
- High school:John F. Kennedy
- Middle school:DSST: Byers Middle School
- Elementary school:Force
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,850,000
- Price per sq. ft.:$246.67
- Tax amount:$9,525 (2024)
Parking
- Total parking spaces:16
New listings near 982 S Sheridan Boulevard
- New
$575,000Active5 beds 2 baths2,224 sq. ft.3333 W Wagon Trail Dr, Englewood, CO 80110
MLS# 1060264Listed by: RE/MAX Northwest - New
$1,325,000Active4 beds 5 baths3,232 sq. ft.3200 W 27th W Ave, Denver, CO 80211
MLS# 1060269Listed by: Compass-Denver - New
$675,000Active3 beds 3 baths1,541 sq. ft.1223 Newton St, Denver, CO 80204
MLS# 2840578Listed by: MODUS Real Estate - New
$999,500Active4 beds 3 baths2,474 sq. ft.1241 York St, Denver, CO 80206
MLS# 3731918Listed by: Compass - Denver - Open Thu, 4 to 6pmNew
$775,000Active5 beds 2 baths2,144 sq. ft.2929 Dexter St, Denver, CO 80207
MLS# 7704438Listed by: Milehimodern - New
$674,900Active3 beds 3 baths1,737 sq. ft.3831 W 3rd Ave, Denver, CO 80219
MLS# 8361536Listed by: Legacy 100 Real Estate Partners LLC - New
$575,000Active5 beds 2 baths2,224 sq. ft.3333 W Wagon Trail Dr, Englewood, CO 80110
MLS# 9130699Listed by: RE/MAX Northwest Inc - New
$575,000Active2 beds 1 baths1,976 sq. ft.5421 Raritan Way, Denver, CO 80221
MLS# 9736888Listed by: Opendoor Brokerage LLC - New
$675,000Active1 beds 1 baths1,045 sq. ft.1750 Wewatta St #738, Denver, CO 80202
MLS# 9976178Listed by: LIV Sotheby's International Realty