5361 Everett Street, Arvada, CO 80002

$3,200,000
36
BD
22
BA
16,400
SqFt
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Courtesy of Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. . charles.burkhart@marcusmillichap.com,214-336-6064

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List Price
$3,200,000
Type
Multifamily
Status
ACTIVE
MLS Number
5190965
Finished Sqft
16,400
Above Grade Sqft
16400
Total Sqft
16400
Subdivision
639600 RIDGE PARK
Sub-Area
639600 RIDGE PARK
Year Built
1961
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720-202-5092

Property Description

Hearthstone Flats is a fully renovated apartment community in the heart of Arvada, just minutes from Olde Town Arvada, Arvada Market Place, and I-70. The property has been thoughtfully updated with new LVT flooring, modern kitchens and baths, stainless steel appliances, and upgraded interior finishes throughout, complemented by on-site laundry, off-street parking, and a quiet, park-like setting. With new roof, gutters, stairs, and sewer lines all installed within the past several years, the asset offers a turnkey physical plant with limited near-term capital needs. In-place rents remain well below surrounding renovated comparables, creating a clear path to meaningful NOI growth through natural lease turnover and strategic rent adjustments, without the execution risk of heavy renovation.

720-202-5092
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Additional Information

School District
Jefferson County R-1
Elementary School
Arvada K-8
Middle School
Arvada K-8
High School
Arvada
Taxes
$23,949
Tax Year
2025
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