Hearthstone Flats — Sale in Arvada, CO

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Arvada, CO 80002

Photos

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Investment Figures

Cap rate
6.28%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

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. Investment Highlights: • Fully renovated 22-unit asset with modern interiors and major system upgrades, offering a true turnkey investment with minimal near-term capital needs. • In-place rents below renovated comps, providing clear upside through lease turnover and rent growth without heavy renovation risk. • Prime Arvada location near Olde Town and I-70, benefiting from strong rental demand, suburban growth, and convenient access to major amenities.

Market Context

This multifamily in Arvada, CO is listed for sale. It is offered at an approximate 6.3% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Arvada, CO — view the full market.

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