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85 Harlan St Lakewood, CO 80226

For Sale
$1,595,000

Nine-unit property, high cash flow, Denver proximity.

Property size:
7,128 SF

Description

Added:
Feb 3, 2025
Days on Market:
316
This exceptional nine-unit multifamily property located at 85 Harlan Street, Lakewood, CO, presents a compelling investment opportunity. The 7,128 square foot building sits on a 0.33-acre lot and boasts a desirable unit mix: eight two-bedroom, one-bathroom units and one one-bedroom, one-bathroom unit. Currently fully occupied, this property generates consistent cash flow, offering a 5.7% capitalization rate. However, market analysis suggests a potential capitalization rate exceeding 7%, indicating significant upside potential for the savvy investor. The property's prime location offers easy access to major highways, public transportation, and the RTD light rail, providing convenient commutes for residents. Its proximity to the vibrant Belmar Shopping District, Sloan's Lake, and numerous parks and trails adds to its appeal and contributes to high tenant demand. This well-maintained property represents a rare chance to acquire a high-performing asset in a thriving Lakewood neighborhood, just minutes from Denver. The strong rental market and potential for increased rental income make this an attractive investment for those seeking a stable and appreciating asset. The property's current occupancy and strong location make it a low-risk, high-reward investment opportunity.

Property Features for 85 Harlan St

General Information

Property type
Residential income properties
Square Feet
7,128 SF
Lot Size
14,375 SF

Building Details

Year Built
1959

Location Intelligence

Current Use by Public Records

Norwood Apartments Apartment Building

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Lakewood
County
Jefferson
State
Colorado
Longitude
-105.0632
Latitude
39.71804

FAQs

What type of property is this?
Residential income property - Nine-unit property, high cash flow, Denver proximity.
Where is this residential income property located?
The property is located at 85 Harlan St Lakewood, CO.
What is the asking price?
The asking price for this property is $1,595,000.
More about this property
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