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    1628 Eaton St Lakewood, CO 80214

    Sponsored
    For Sale
    $1,300,000

    Five-unit property, prime location. High rental income potential.

    Property size:
    4,806 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional investment opportunity presents a rare .42-acre corner lot in Lakewood's desirable Edgewater/Sloan's Lake area. The property comprises a five-unit complex: a four-plex and a single-family home. The four-plex features two one-bedroom, one-bathroom units and two renovated two-bedroom, one-bathroom units, each boasting updated windows and new electrical panels. Individual electric meters are installed for each unit, and the building includes an on-site coin-operated laundry facility, ample outdoor space, and off-street parking. The single-family home, remodeled in 2020, offers 1,800 square feet of living space, three bedrooms, two bathrooms, a dedicated washer/dryer, an oversized garage, and a private backyard. Both buildings received new roofs in 2018. The property is zoned R-MF (Multi-Family Residential), allowing for potential subdivision or redevelopment. Its prime location offers residents easy access to Sloan's Lake recreational amenities, the vibrant Edgewater neighborhood's shops and restaurants, and the revitalized Colfax Avenue, providing diverse dining, shopping, and entertainment options. Downtown Denver is a short 10-minute drive away. This combination of location, existing income-generating units, and redevelopment potential makes this a truly exceptional investment opportunity in a highly sought-after Denver area. The total square footage is 4,806. The asking price is $1,300,000.

    Property Features for 1628 Eaton St

    General Information

    Property type
    Residential income properties
    Square Feet
    4,806 SF

    Building Details

    Year Built
    1922
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.0586
    Latitude
    39.74246

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    FAQs

    What type of property is this?
    Residential income property - Five-unit property, prime location. High rental income potential.
    Where is this residential income property located?
    The property is located at 1628 Eaton St Lakewood, CO.
    What is the asking price?
    The asking price for this property is $1,300,000.
    (303) 800-9601
    Request Owner's contact information
    1628 Eaton St Lakewood, CO 80214
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    Lakewood, CO 80214
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1628 Eaton St Lakewood, CO 80214
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