8223 W 62nd Pl
About This Property
The home offers multiple living areas, a large kitchen footprint, and a finished basement, allowing for flexible use and future updates. The lot is a standout feature with its size, privacy, and unobstructed views, creating a rare opportunity to capitalize on both location and scenery. Additional highlights include a 2-car garage, ample off-street parking, and a private backyard space ready for improvement.
Conveniently located near Olde Town Arvada, parks, shopping, and dining, with easy access to Denver and the mountains. Bring your vision-properties with this kind of view and upside potential are hard to find.
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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 |
|---|---|---|---|
| May 15, 2026 | Sold | ||
| Sold | |||
| Apr 21, 2026 | In contract | - | |
| In contract | |||
| Apr 15, 2026 | Listed | $550,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017