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3830 Otis Street 14Wheat Ridge, CO 80033

For Sale

$1,775,000

Smart Buyer Rebate $17,750

Welcome to this exceptional quadplex in the desirable Edgewater area, offering a prime investment opportunity with four spacious units, each over 1600 square feet. Something you will not find in any other income property in the surrounding area. Every unit features 2 bedrooms and 2 bathrooms, large kitchen with additional dining area, family room and living room, and their own washer/dryer, designed for comfort and modern living. Stainless Steel appliances finish the modern look of the kitchens, and 4-piece second floor bathrooms provide ample space. The new owner will not have to do anything as recent updates include sleek new flooring, contemporary countertops in the kitchens/baths, and stylish new tile in the kitchen backsplash and bathrooms. Additional upgrades consist of new windows, a newer roof, fresh paint in and out, new gutters, new boilers, and newer privacy fencing. New swamp coolers add to the appeal, providing efficient cooling. New landscaping finishes out the extraordinary upkeep this property has endured. Each unit is equipped with its own detached carport and a one-car garage, along with outside parking ensuring substantial parking. Existing tenants have been leasing for extended periods, and vacancy rates have been zero for over 1 1/2 years and below 2% prior to that. With its blend of updated features and convenient amenities, and great location, this quadplex is a standout property for investors seeking a stable income stream and a well-maintained asset in the Edgewater area.

Listed by Chad Hartmann

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License #55057762

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The Old Country Real Estate Group LLC

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720-724-3933

Last updated August 27, 2025

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Source: REcolorado #2082472

Listing Facts

  • TypeMulti-family
  • NeighborhoodBarths
  • Bedrooms8
  • Bathrooms8
  • Days on Prevu373
  • Taxes$2,326/year
  • Size6,548 sqft
  • Price per sqft$271

Amenities

  • Dishwasher
  • Private Outdoor Space
  • Washer/Dryer
  • Parking

Location

Mortgage Calculator

Listing History

08/03/2025
Price Decreased
$1,775,000
03/28/2025
Price Decreased
$1,990,000
08/31/2024
Listed by The Old Country Real Estate Group LLC
$2,100,000

Property Details for 3830 Otis Street 14

Exterior

Construction

  • Property Attached: Yes
  • Property Condition: Updated/Remodeled
  • Roof: Composition
  • Structure Type: Quadruplex
  • Year Built: 1981
  • Architectural Style: Traditional
  • Common Walls: 2+ Common Walls
  • Construction Materials: Brick, Wood Siding
  • Exterior Features: Lighting, Private Yard, Rain Gutters

Features

  • Fencing: Partial
  • Patio And Porch Features: Covered, Front Porch

Measurements

  • Building Area Total: 6,548
  • Lot Features: Landscaped, Sprinklers In Front

Financial

Residential Income

  • Cap Rate: 4.18
  • Gross Income: $92,400.00
  • Operating Expense: $20,360.00
  • Operating Expense Includes: Insurance, Maintenance, Other, Real Estate Tax

Taxes

  • Parcel Number: 400544
  • Tax Annual Amount: $2,326.00
  • Tax Year: 2023

Interior

Features

  • Appliances: Dishwasher, Disposal, Dryer, Gas Water Heater, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace Features: Family Room
  • Fireplaces Total: 4
  • Flooring: Carpet, Vinyl
  • Interior Features: Ceiling Fan(s), Laminate Counters, Walk-In Closet(s)

Measurements

  • Living Area: 6,548

Rooms

  • Bathrooms Total Integer: 8
  • Bedrooms Total: 8

Other

General

  • Exclusions: Any/all items owned by current tenants.

Location

  • Subdivision Name: Patio Court Condos

Parking

Parking

  • Carport Spaces: 5
  • Garage Spaces: 4
  • Parking Features: Asphalt, Concrete
  • Parking Total: 13

Schools

Elementary School

  • Elementary School: Stevens
  • Elementary School District: Jefferson County R-1

High School

  • High School: Wheat Ridge
  • High School District: Jefferson County R-1

Middle or Junior School

  • Middle Or Junior School: Everitt
  • Middle Or Junior School District: Jefferson County R-1

Utilities

Equipment

  • Cooling: Evaporative Cooling
  • Heating: Forced Air
  • Laundry Features: In Unit
  • Sewer: Public Sewer
  • Utilities: Electricity Connected
  • Water Source: Public

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than Prevu are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.