Lakewood Multifamily Investment
10527 W 6th Pl, Lakewood, CO 80215
Call to check price and availability
Eight-unit apartment building in prime Lakewood location.
Type:Multifamily
Property size:
5,616 SFPrice / SF:
$160/SF- Added:
- Nov 5, 2025
- Days on Market:
- 203
- Last Refresh:
- Mar 17 at 1:17 pm
Property Features for 10527 W 6th Pl
General Information
- Standard status
- Active
- Size
- 5,616 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1970
Listing agent Spencer Halstead License #FA.100106121
Listing office Unique Properties, Inc (303) 321-5888
Listing date Nov 5, 2025
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Unique Properties, Inc
HighLights
- Opportunity to increase revenue by aligning below‑market rents with prevailing market rates.
- Prime Lakewood location near Belmar Shopping District, Addenbrooke Park, and Lakewood City Center.
- Significant capital improvements in the last decade, including a new roof, HVAC replacement, and fire panel upgrade.
- Opportunity to reposition the asset under a traditional multifamily management model.
- Value‑add potential through unit modernization and curb appeal enhancements.
- Desirable unit mix of seven (7) one‑bedroom/one‑bathroom units and one (1) studio.
Overview
The Hilltop Apartments, located at 10537 W 6th Pl in Lakewood, Colorado, is a two-story multifamily property featuring eight units. The unit mix includes seven one-bedroom/one-bathroom units and one studio. The building's design and unit mix are intended to appeal to tenants seeking affordability and convenience in Lakewood. The property has been maintained through consistent investment, including a new roof, HVAC replacement, keypad entry on main doors, a fire panel upgrade, and fresh paint and carpet in the common hallways. The property is in close proximity to the Belmar Shopping District, Addenbrooke Park, and Lakewood City Center, offering access to shopping, dining, and recreation. West 6th Avenue, Alameda Avenue, and Union Boulevard provide access to downtown Denver and the surrounding metro area. The property is currently operated by a Jefferson County non-profit organization, presenting an opportunity for investors to reposition the asset under a traditional multifamily management model. There is potential to align below-market rents with prevailing rates and improve operational efficiency through expense optimization. The property offers room for a value-add strategy, giving new ownership the opportunity to modernize units, enhance curb appeal, and push rent values through upgrades. The property size is 5616 square feet.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$793.6K
NOI $71,425 @ 9.00% cap · cautious / downside scenario
Moderate
$1.02M
NOI $71,425 @ 7.00% cap · market / base-case scenario
Aggressive
$1.43M
NOI $71,425 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $138.2k | $24.60 |
| − Vacancy | −$8.3k | −$1.48 |
| EGI | $129.9k | $23.12 |
| − OpEx | −$58.4k | −$10.41 |
| NOI | $71.4k | $12.72 |
5,616 SF · lease $24.60/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$1.02M
$892.8K – $1.19M
NOI $71,425 @ 7.0% cap · market cap 7.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,747 @ 7.0% cap · market cap 13.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Lakewood
- County
- Jefferson
- State
- Colorado
- Longitude
- -105.1531504
- Latitude
- 39.7267378
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Eight-unit apartment building in prime Lakewood location.
Where is this apartment building located?
The property is located at 10527 W 6th Pl Lakewood, CO.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Opportunity to increase revenue by aligning below‑market rents with prevailing market rates.; **Prime Lakewood location** near Belmar Shopping District, Addenbrooke Park, and Lakewood City Center.; Significant capital improvements in the last decade, including a new roof, HVAC replacement, and fire panel upgrade.
