23 Unit Apartment Building Blocks Away from Olde Town Arvada. 5.42% CAP Rate. Large One Bedroom, One Bathroom Units. Proven Renovation Strategy for Increased Rental Income. Numerous Large Capital Improvement Projects Completed (see OM in Supplements). The Newland Apartments is a renovated 23 unit apartment building just blocks away from thriving Olde Town Arvada. The Newland Apartments are also less than a mile from Arvada’s G line light rail station giving tenants easy access to Downtown Denver and Boulder. Arvada has delivered over 8,000 residential units over the last 5 years with an additional 1,200 units in review, further proving the demand for housing in the neighborhood. Arvada is home to thousands of acres of parks and open spaces presenting the city as an attractive suburb of Denver for tenants to call home. Jefferson County is the state's 4th most populous county with population increases every year for the last 10 years.