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3820-3830 Pierce St, Wheat Ridge, CO 80033

$525,000
: 3
BD
: 2
BA
: 1,548
SqFt

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Sold Price: $525,000
List Price: $545,000
Closing Date: Oct 01, 2025
Type: Multifamily
Property Sub Type: Duplex
Status: CLOSED
MLS Number: 7861538
Structural Style: Traditional
Bedrooms: 3
Bathrooms: 2
Sqft Total: 1,548
Year Built: 1952

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Property Description

Easy to fill BRICK side by side duplex most recently rented for $43,450 per year including both sides. Includes two car garage and has the highly desired r-3 Zoning and adjoining MU-N. Just one building off of 38th and Pierce (the DQ is there). No HOA. Taxes, Insurance annually is $9058. NOI $34,393 Cap Rate desirable 6.3; plus major upside with zoning already in place convert existing 2 car garage to 3rd unit. Intentionally ended long term leases so you can start over with none of the obligations to offer perpetual leases. (leases under 12 months can be terminated at end, tenants who have stayed over 12 months get to stay). Nice hardwood floors. Both kitchens updated. Both bathrooms newer with custom tile. Brand new sewer line. You can show the property prior to close to your new tenants. Super desirable location and sizes make this property very easy to get long term tenants. Roof and furnace certified.

(303) 522-8226

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Additional Information

Lot Size Acres: 0.21
Lot Size Sq Ft: 9,104
Tax Amount: $3,083
Exterior Features: Private Yard
Water Source: Public
Sewer: Public Sewer
Heating: Forced Air, Natural Gas
Cooling: None
School District: Jefferson County R-1
Elementary School: Stevens
Middle Or Junior School: Everitt
High School: Wheat Ridge