4685 Wadsworth Boulevard
Wheat Ridge, CO 80033
- 5 beds
- 2 baths
- 2,270 sqft
- 10,108 sqft lot
- $275 per sqft
- 1938 build
- – on site
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.
Last checked:
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Last updated Feb 20, 2025
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MLS# 2488508 —
This property is listed in more than one place. See it here, and here, and here.
The Building
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Year Built:1938
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Direction Faces:East
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Construction Materials:Brick, Frame
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Structure Type:Duplex
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Exterior Features:Private Yard, Rain Gutters
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Roof:Composition
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Common Walls:1 Common Wall
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Basement:true
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Levels:One
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Building Area Total:2270
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Building Area Source:Public Records
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Above Grade Finished Area:1302
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Below Grade Finished Area:968
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Property Attached:true
Interior
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Flooring:Carpet, Tile, Wood
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Laundry Features:In Basement, In Unit, Main Level, Multiple Locations
Room Dimensions
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Living Area:2270
Location
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Directions:Enter the property only from the southbound lane of Wadsworth Boulevard
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Latitude:39.7810872
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Longitude:-105.08179017
The Property
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Property Type:Residential Income
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Property Subtype:Duplex
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Parcel Number:519563
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Zoning:R2
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Lot Size Area:10108
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Lot Size Acres:0.23
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Lot Size SqFt:10108
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Lot Size Units:Square Feet
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Exclusions:Tenants property
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Fencing:Full
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Road Responsibility:Public Maintained Road
Listing Agent
- Contact info:
- Agent phone:
- (720) 384-8563
- Office phone:
- (303) 962-4272
Taxes
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Tax Year:2023
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Tax Annual Amount:3181
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Tax Legal Description:SECTION 23 TOWNSHIP 03 RANGE 69 QTR NW SUBDIVISIONCD 347400 SUBDIVISIONNAME HILLCREST HEIGHTS BLOCK 002 LOT 0010 SIZE: 9078 TRACT 00A VALUE: .208
Beds
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Bedrooms Total:5
Baths
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Total Baths:2
Heating & Cooling
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Heating:Hot Water, Radiant
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Cooling:None
Utilities
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Dishwasher, Dryer, Oven, Refrigerator, Washer
Schools
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Elementary School:Wilmore-Davis
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Elementary School District:Jefferson County R-1
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Middle Or Junior School:Everitt
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Middle Or Junior School District:Jefferson County R-1
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High School:Wheat Ridge
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High School District:Jefferson County R-1
The Community
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Subdivision Name:Hillcrest Heights
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Senior Community:false
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Association:false
Parking
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Parking Total:10
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Parking Features:Concrete
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Attached Garage:true
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Garage Spaces:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
