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Arvada 80003 Lamar Heights
7127 Otis St
$420,000
● House - Off Market

7127 Otis St

Arvada, CO 80003
bedrooms
3 Beds
bathrooms
2 Baths
square feet
900 Ft²
$2,343
Est. Monthly
6.87%
Cap Rate

About This Property

Great fix and flip, or sweat equity opportunity in Lamar Heights! Property has great bones, and is ready for your personal touch or full renovation. Fantastic layout, with potential to remove the wall between the kitchen and living room, creating an open layout. Finishes are all original. The home could be liveable with some minimal upgrades, but would benefit most from a full remodel. The windows are double pane & furnace is newer. Age of roof unknown. Fantastic investment opportunity with several exit strategies. Home is in a great central location, just a quick drive to Old Town Arvada, Highalnd, Denver, and with quick access to all major highways.
Unit Size
900 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$488
Property Type
House
Property Taxes
$187
HOA Dues
-
Year Built
1969

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 11 months ago (REcolorado MLS #7058268)

Price History

Date / Event Date Event Price
May 30, 2025 Sold
Premium
Sold
May 12, 2025 In contract -
In contract
May 7, 2025 Listed by Capital Property Group LLC $439,000
Listed by Capital Property Group LLC
Jul 14, 1994 Sold
Premium
Sold

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 2
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 900
  • Garage Type: 1
  • Garage Square Area: 264
  • Parking Space Count: 1
  • Patio Type: 59
  • Porch Type: 66
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Total Building Area: 2,064
  • Gross Building Area: 2,334
  • Building Area: 900
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 2
  • Heating: 4
  • Heated Square Feet: 900
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAMAR HEIGHTS FLG # 7
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 110
  • State Land Use Code: 1112
  • Legal Description 1: SECTION 01 TOWNSHIP 03 RANGE 69 QTR NW SUBDIVISIONCD 454600 SUBDIVISIONNAME LAMAR HEIGHTS FLG # 7 BLOCK LOT 0043 SIZE: 7397 TRACT VALUE: .170

Neighborhood

  • School District Name: Jefferson County School District R-1
  • Census Tract: 010208

Geography

  • Assessors Map Reference: 12-H
  • Account Number: 300075428
  • Parcel: 39-012-12-010
  • Lot: 43
  • Meridian: SEC 01 TWN 03S RNG 69W
  • Municipality: ARVADA
  • Latitude: 39.8264
  • Longitude: -105.07

    Address

  • Full Address: 7127 Otis St
  • Address - House Number: 7127
  • Address - Street Name: Otis
  • Address - Suffix Type: St
  • State: CO
  • City Name: Arvada
  • Carrier Code: C036
  • 4-Digit Zip Code: 3659
  • Zip Code: 80003

Valuation

    Tax

  • Total Area: 1,800
  • Tax Year: 2023
  • Tax Amount: $224,246
  • Initial Tax Delinquent Year: 2018
  • Tax Rate Code Area: 1013

    Appraisal Valuation

  • Standard Deviation: 0.148
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 82
  • Final Value: 516,547
  • High Value: 593,045
  • Low Value: 440,050

    Market Valuation

  • Market Total Value: $500,059
  • Market Land Value: $212,288
  • Market Improvement Value: $287,771

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $29,819
  • Assessed Land Value: $14,223
  • Assessed Improvements Value: $15,596

    Exemptions

  • Senior Citizen Exemption : Yes

    Sales

  • Current Sale Contract Date: Jul 07, 1994
  • Current Sale Recording Date: Jul 14, 1994
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 94121258
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Lamar Heights

Stats & Trends

Median Asking:

$574,995

Sale Price/ft²

$305

Below Asking

0.02%

Average Days on Market

41

Average Home Size

2019 ft²

Average Home Age

59.1 years

Currently For Sale

55 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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REcolorado

Listed by: Nate Sylvan, Capital Property Group LLC
Last Updated: 11 months ago
Data Source: REcolorado MLS, MLS# 7058268
© 2026 REcolorado® All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REcolorado®. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 7127 Otis Street built and last sold?
The property at 7127 Otis Street was built in 1969 and last sold on Jul 7, 1994 for $107,900.
How much is this home worth?
The estimated value of the home located at 7127 Otis Street is $0.
What are some comparable homes to 7127 Otis Street?
There are currently no comparable homes to 7127 Otis Street.
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