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    1045 Balsam St, Unit Lakewood Denver, CO 80214

    For Sale
    $1,800,000

    11-unit multifamily property in Lakewood, Colorado with value-add potential.

    Property size:
    8,590 SF
    Lot size:
    0.46 Acres

    Property Features for 1045 Balsam St

    General Information

    Standard status
    Active
    Size
    8,590 SF
    Lot size
    0.46 Acres

    Building Details

    Year built
    1960

    Source: UNIQUE PROPERTIES LLC Agent PHILIP DANKNER

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lakewood Multifamily Investment Opportunity

    Located in Lakewood, Colorado, the multifamily property at 1045 Balsam Street features 11 units, presenting a value-add opportunity for investors. The unit mix includes one studio, four one-bedroom/one-bath units, and six two-bedroom/two-bath units, catering to a range of tenants in a sought-after rental market. The property offers upside potential through interior and exterior renovations and rental increases. Current rents are below market value, and unit updates can enhance income and asset value. Its location provides convenient access to major roadways and public transportation. This property is a multifamily asset with potential for increased cash flow and long-term appreciation. With strong rental demand in the area and the opportunity to improve performance through strategic upgrades, 1045 Balsam Street is a compelling investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment Apartment Building

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Arapahoe
    State
    Colorado
    Longitude
    -105.0887544
    Latitude
    39.7339096

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    FAQs

    What type of property is this?
    Apartment building - 11-unit multifamily property in Lakewood, Colorado with value-add potential.
    Where is this apartment building located?
    The property is located at 1045 Balsam St, Unit Lakewood Denver, CO.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: - Value-add opportunity through interior/exterior renovations and rental increases.; - Located in the highly sought-after Lakewood rental market.; - Diverse unit mix: studio, one-bedroom, and two-bedroom units.
    (303) 321-5888
    Request Owner's contact information
    1045 Balsam St, Unit Lakewood Denver, 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
    1045 Balsam St, Unit Lakewood Denver, CO 80214
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