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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

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    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.
    (303) 747-4782
    Request Owner's contact information
    85 Harlan St Lakewood, CO 80226
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    Lakewood, CO 80226
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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
    85 Harlan St Lakewood, CO 80226
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