6537 Otis St
About This Property
Now offered at an improved price, this spacious home presents a rare chance to get into one of Arvada's most desirable neighborhoods while adding your own vision and updates over time.
Welcome to 6537 Otis Street, set on an expansive 10,000 sq ft lot in the heart of Lamar Heights. This home offers solid bones, generous square footage, and flexible spaces, ideal for buyers looking to personalize and build equity.
Inside, you'll find an open floor plan anchored by a cozy wood-burning fireplace, four bedrooms, and a finished basement with bar area. A unique bonus room with built-in shelving and a second fireplace offers great flexibility for a home office, studio, or media room.
There is a 1 car garage but currently functions best as a workshop, storage, or creative space, complemented by RV parking for additional vehicles, toys, or trailers. New windows throughout provide great natural light and energy efficiency.
Outdoors, the large backyard offers plenty of room to reimagine landscaping, outdoor living, or future expansion, a true blank canvas with endless potential.
Just minutes from Olde Town Arvada, parks, trails, and local dining, this home is perfectly positioned for those seeking location, lot size, and long-term upside. Now is your chance!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 21, 2026 | In contract | - | |
| In contract | |||
| Jan 11, 2026 | Price Decreased |
$619,000
↓ $20K
(3.1%) | |
| Price Decreased | |||
| Dec 11, 2025 | Price Decreased |
$639,000
↓ $11K
(1.7%) | |
| Price Decreased | |||
| Oct 16, 2025 | Listed by Keller Williams Realty Downtown LLC | $650,000 | |
| Listed by Keller Williams Realty Downtown LLC | |||
| Nov 28, 2023 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017