Twelve-Unit Apartment
For Sale
Contact for pricing
10610-10640 W 7th Place, Lakewood, CO 80215
Twelve-unit apartment community with four one-bedrooms and eight two-bedrooms, with extensive recent improvements to all units.
Property Size7,665 SF
Price / SF$280.50
Days on Market98
Property Features for 10610-10640 W 7th Place
General Information
Standard status
Active
Size
7,665 SF
Property subtype
Multifamily
Net Operating Income
$147,974
Site & Location
Neighborhood
Morse Park
Units
Unit Mix
4 x 1BR, 8 x 2BR
Multifamily Units
12
Building Details
Year Built
1988
Year Renovated
2022
Buildings
1
Units
12
Listing Agency:
NORTHPEAK Commercial Advisors
Listed By:
Jack Sherman · License #FA 100085430
(303) 903-9638
Source:
Crexi
Added: Jul 24
Changed: Oct 25
Last Checked: Oct 28 at 6:31AM
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 NORTHPEAK Commercial Advisors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
10610-10640 W 7th Place is a 12-unit apartment community built in 1988. The unit mix includes four 1-bedrooms and eight 2-bedrooms. Recent updates include 12/12 units completely redone, along with exterior paint, landscaping, electrical panels, and swamp coolers.
The property is described as well-located with easy access to the mountains and the Denver Federal Center, which has over 6,000 employees. This combination of recent interior and exterior improvements and a strong local employment draw supports a straightforward multifamily acquisition opportunity for investors seeking a well-maintained asset.
The building offers a consistent, investor-friendly configuration centered on two-bedroom and one-bedroom apartment layouts, with upgrades carried through every unit.
The property is described as well-located with easy access to the mountains and the Denver Federal Center, which has over 6,000 employees. This combination of recent interior and exterior improvements and a strong local employment draw supports a straightforward multifamily acquisition opportunity for investors seeking a well-maintained asset.
The building offers a consistent, investor-friendly configuration centered on two-bedroom and one-bedroom apartment layouts, with upgrades carried through every unit.
Key Highlights
- 12‑unit apartment community built in 1988
- Unit mix: four 1‑bedrooms and eight 2‑bedrooms
- 12/12 units completely redone with recent improvements throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,485
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,949,700
$1.9M
Cap Rate 7%
$1,392,643
$1.4M
Cap Rate 9%
$1,083,167
$1.1M
Market Conditions
NOI Build-Up for 7,665 SF
Gross rent
$188.6K $24.60/SF
− Vacancy
−$11.3K −$1.48/SF
EGI
$177.2K $23.12/SF
− OpEx
−$79.8K −$10.41/SF
NOI
$97.5K $12.72/SF
Area
Lakewood, CO
Vacancy
6.00%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,949,700
Cap Rate 7%
$1,392,643
Cap Rate 9%
$1,083,167
Alternative Uses
Best Use
Apartment 5plus
$1.39M
$1.22M – $1.62M
NOI $97,485 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.30M
$2.01M – $2.68M
NOI $160,707 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
1,176
Businesses Nearby
Explore this area
Business Placement
Demographics for 80215, CO
19,908
Population
9,156
Households
2.2
Avg Household Size
42
Median Age
49%
College-Educated
97%
High-School Grad
5.5 sq mi
ZIP Area
3,620
Density / Sq Mi
$85,017
Median Household Income
$49,100
Median Earnings
$1,728
Median Rent
$615,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Twelve-unit apartment community with four one-bedrooms and eight two-bedrooms, with extensive recent improvements to all units.
Where is this apartment building located?
The property is located at 10610-10640 W 7th Place Lakewood, CO.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 12‑unit apartment community built in 1988; Unit mix: four 1‑bedrooms and eight 2‑bedrooms; 12/12 units completely redone with recent improvements throughout
