• Broker Robert Lawson 3039629537
  • Broker Luke Salazar 3039629534
  • Broker Adam Rakoczy 7203703148
  • Broker Jennifer King 3034079786

Newland Apartments 5532 Newland Way 14 Unit Apartment Building $3,640,000 ($260,000/Unit) 5.29% Cap Rate Arvada, CO 80002

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INVESTMENT HIGHLIGHTS

  • Turnkey, Fully Renovated Property: All 14 units have been modernized, offering premium rental income potential from day one with minimal investment
  • Professionally Managed, Pet-Friendly Community: Well-maintained and fully updated units with a beautifully landscaped courtyard and in-unit W/D
  • Ample On-Site Parking & Development Potential: The property features 28 parking spaces on an oversized lot with the possibility of adding more parking
  • Prime Location in Arvada: Just blocks from Olde Town Arvada, residents enjoy easy access to big-box stores and walking distance to historic Olde Town
  • Convenient Transit Access: Located near the G line light rail station and I-70, providing seamless connectivity to Downtown Denver and DIA

EXECUTIVE SUMMARY

The Knowlton Lawson Team is excited to present the exclusive opportunity to acquire N32 Apartments, a fully renovated 14- unit apartment complex located just blocks from Olde Town in Arvada, CO. This turnkey property offers premium rental income, thanks to its modernized units and prime location. Residents enjoy a perfect balance of urban convenience and small-town charm, with easy access to big-box retailers like Costco, Sam’s Club, Home Depot, and Lowes, while also being steps away from the historic character of Olde Town.
The property’s proximity to the G line light rail station and I-70 ensures seamless commutes to Downtown Denver, Denver International Airport, and the Colorado mountains, further enhancing its appeal. The pet-friendly, professionally managed community boasts updated units, a beautifully landscaped courtyard with new stairways, 28 on-site parking spaces, and sits on an oversized lot with potential for additional parking or covered garages. This rare, turnkey investment opportunity combines strong, stable cash flow with significant long-term appreciation upside in one of the most desirable neighborhoods in Arvada.

ATTACHMENTS

5532_Newland_Way_OM_KnowltonLawson

FINANCIAL SUMMARY (PRO FORMA - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income $276,840 $29.74
Other Income $20,580 $2.21
Vacancy Loss $13,842 $1.49
Effective Gross Income $283,578 $30.46
Taxes $16,216 $1.74
Operating Expenses $63,157 $6.78
Total Expenses $79,373 $8.53
Net Operating Income $204,205 $21.93

PROPERTY FACTS

Price $3,640,000
Price Per Unit $260,000
Sale Type Investment
Cap Rate 5.29%
No. Units 14
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.56 AC
Building Size 9,310 SF
No. Stories 2
Year Built 1971
Parking Ratio 3.01/1,000 SF
Zoning R-M, Arvada

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Freezer

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 14 - 625 - 725

PROPERTY TAXES

Parcel Number 39-132-04-008 Total Assessment $167,181
Land Assessment $33,292 Annual Taxes $16,216 ($1.74/SF)
Improvements Assessment $133,889 Tax Year 2024

MAP

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  • Listing ID: 33715757

  • Date on Market: 11/1/2024

  • Last Updated: 5/28/2025

  • Address: 5532 Newland Way, Arvada, CO 80002