For Sale Multi-Family MLS# 3231871

11690 W 46th Avenue

Wheat Ridge, CO 80033

$1,650,000

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About 11690 W 46th Avenue

Rare Wheat Ridge four plex. Just minutes from Denver and convenient access to the foothills and mountain recreation.. This meticulously maintained multifamily property offers a rare owner-occupant opportunity to live in one unit while generating rental income from the others. Built and carefully maintained by the current owner/developer, this income-producing property reflects a level of quality and care that is difficult to find.The four plex features a desirable unit mix with two ranch-style units and two two-story units, appealing to a wide range of tenants. Situated at the end of a quiet cul-de-sac, the property offers a private, residential setting with strong tenant appeal and consistent rental demand. Rents are currently below market, presenting a clear value-add opportunity with future upside potential. Recent upgrades include updated appliances, (unit A-new A/C 2025) and newer furnaces in each unit, supporting long-term efficiency and reduced maintenance. Separately metered utilities enhance ease of management, while functional layouts further contribute to tenant retention. Interior photos shown are of Unit B and are for reference only. Property is fully occupied; please allow time for coordinated showings.No HOA fees and multiple streams of rental income make this a versatile option for those seeking to offset their mortgage while building long-term wealth. Conveniently located near shopping, dining, parks, and major commuter routes, this property sits in a high-demand rental pocket of the Denver metro area. A rare combination of quality construction, thoughtful design, and long-term livability sets this multifamily property apart.Seller is also offering neighboring duplex (MLS# 8890147-SOLD) & (MLS# 7935750-AVAILABLE), creating an additional opportunity to expand within the multifamily market. SEE VIRTUAL TOUR. Located near the Wheat Ridge/Ward RTD G-Line Station and just minutes from light rail.

Property details

Property

Type
Quadruplex
MLS type
Residential Income
Status
Active
Year built
1997
Stories
Multi/Split
Living area
4,789 sqft
Price / sqft
$345
Lot
0.35 AC / 15,137 SF
MLS #
3231871

Interior

Features
Laminate Counters, Open Floorplan, Pantry, Smoke Free, Vaulted Ceiling(s), Walk-In Closet(s)
Appliances
Dishwasher, Disposal, Gas Water Heater, Microwave, Range, Refrigerator
Flooring
Carpet, Laminate, Tile
Heating
Forced Air, Natural Gas
Cooling
Central Air
Fireplaces
4
Laundry
In Unit

Exterior & lot

Roof
Composition
Foundation
Concrete Perimeter
Lot
Cul-De-Sac, Landscaped, Near Public Transit, Sprinklers In Front, Sprinklers In Rear
Patio & porch
Front Porch, Patio
Fence
Partial
Parking
Concrete
Garage spaces
8

Schools

District
Jefferson County R-1
Elementary
Stevens
Middle
Everitt
High
Wheat Ridge

Utilities

Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected
Water
Public
Sewer
Public Sewer

Financial

Annual tax
$6,942
Parcel
440383
Special conditions
None Known

Location

Subdivision
Fruitdale
County
Jefferson

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Listed by Darla Stout, Keller Williams Advantage Realty LLC

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