EXCEPTIONAL INVESTMENT OPPORTUNITY: PRIME LOT FOR DEVELOPMENT!!!
Back on market; buyer financing fell through at the last minute!
Welcome to a unique investment opportunity in a highly sought-after area! This single-family home is situated on a generous lot with potential for significant future development. Boasting ample space, this property is zoned to allow the construction of up to three single family homes, a triplex, or a single family home plus a duplex, making it an ideal choice for investors or builders looking to maximize profitability.
PROPERTY HIGHLIGHTS:
Spacious Lot: A generous parcel offering the potential to build up to three homes, providing ample room for expansion and development.
Prime Location: Minutes away from Olde Town's shops, galleries, restaurants, boutiques, coffee shops, live music, outdoor events
Walkable: Olde Town is pedestrian-friendly and easy to stroll around.
Location: Olde Town is also home to residential living and is a stop on the RTD's G Line commuter rail, which goes to Denver International Airport.
Single-Family Home: A single family residence currently on the lot, offering immediate rental income or a comfortable living space while you plan your development project.
Development Potential: Zoned for multi-home construction, this property offers exceptional flexibility and opportunities for maximizing investment value.
INVESTMENT BENEFITS:
High ROI Potential: With the ability to build multiple homes on a single lot, investors can significantly enhance their return on investment.
Desirable Area: Benefit from a location that attracts interest from buyers/renters, ensuring strong marketability of new properties.
Strategic Growth: Take advantage of the area's growth trends and rising property values to secure a lucrative development opportunity.
Don't miss out on this rare chance to capitalize on a prime piece of real estate. Contact us today to explore the potential of this exceptional property!!
Sold
$455,182
7109 W 61st Avenue, Arvada, CO 80003
3beds
1,974sqft
Single Family Residence
Built in 1947
0.54 Acres Lot
$455,200 Zestimate®
$231/sqft
$3,019 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: March 26, 2025 at 10:41am
Listed by:
Valerie Beaudoin 303-726-1847 vbeaudoin00@gmail.com,
Berkshire Hathaway HomeServices Colorado Real Estate, LLC,
Katie Beaudoin 303-909-2318,
Berkshire Hathaway HomeServices Colorado Real Estate, LLC
Bought with:
Paul Motz-Storey, 40023169
Storey Real Estate & Constr
Source: REcolorado,MLS#: 4222203

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 3
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom
- Level: Main
Other
- Level: Basement
Kitchen
- Level: Main
Living room
- Level: Main
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Laundry: In Unit
Features
- Basement: Cellar,Partial
Interior area
- Total structure area: 1,974
- Total interior livable area: 1,974 sqft
- Finished area above ground: 1,264
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Fencing: Partial
Lot
- Size: 0.54 Acres
Details
- Parcel number: 004053
- Zoning: R-6
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Block, Vinyl Siding
- Roof: Composition
Condition
- Fixer
- Year built: 1947
Utilities & green energy
- Sewer: Public Sewer
- Water: Agriculture/Ditch Water, Public
- Utilities for property: Cable Available, Electricity Connected, Internet Access (Wired)
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
Location
- Region: Arvada
- Subdivision: Rowans
Other
Other facts
- Listing terms: 1031 Exchange,Cash
- Ownership: Individual
- Road surface type: Paved
Services availability

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Estimated market value
$455,200