Updated Multifamily Investment
For Sale
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10775 W 13th Ave, Lakewood, CO 80215
Built in 1981 and all-electric, the property features extensive interior updates and a low-maintenance exterior.
Property Size3,200 SF
Price / SF$303.13
Days on Market108
Property Features for 10775 W 13th Ave
General Information
Standard status
Active
Size
3,200 SF
Total Parking Spaces
8
Property subtype
Multifamily
Net Operating Income
$52,052
Site & Location
Neighborhood
Daniels
Building Details
Year Built
1981
Buildings
1
Stories
1
Units
4
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Denver
Listed By:
Charles Burkhart · License #FA100103787
Source:
Crexi
Added: Jul 14
Changed: Oct 25
Last Checked: Oct 28 at 6:17AM
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 Marcus & Millichap - Denver
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Investment Insights
Based on property information with market context.
Built in 1981, this well-maintained multifamily property has been extensively updated with modern interior finishes. Improvements include new cabinetry and countertops, luxury vinyl plank flooring, refreshed bathroom vanities, bathtubs, and contemporary fixtures. The property is all-electric and includes a zero-scaped exterior designed for low-maintenance ownership.
Located in the Lakewood submarket of the Denver metropolitan area, the property is positioned just minutes from Downtown Denver, Downtown Golden, the Denver Federal Center, and the Oak Station RTD W Line. The surrounding area provides convenient access to major employment centers, transit, shopping, dining, and outdoor recreation.
As an income-oriented investment offering, the property is described as having minimal deferred maintenance and includes approximately $200 per unit in achievable rental upside, with the opportunity to acquire a turnkey asset.
Located in the Lakewood submarket of the Denver metropolitan area, the property is positioned just minutes from Downtown Denver, Downtown Golden, the Denver Federal Center, and the Oak Station RTD W Line. The surrounding area provides convenient access to major employment centers, transit, shopping, dining, and outdoor recreation.
As an income-oriented investment offering, the property is described as having minimal deferred maintenance and includes approximately $200 per unit in achievable rental upside, with the opportunity to acquire a turnkey asset.
Key Highlights
- Multifamily property built in 1981 with all‑electric operation.
- Extensively updated interiors with new cabinetry, countertops, luxury vinyl plank flooring, bathroom vanities, bathtubs, and contemporary fixtures.
- Zero‑scaped exterior designed for low‑maintenance ownership.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,698
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$813,960
$814.0K
Cap Rate 7%
$581,400
$581.4K
Cap Rate 9%
$452,200
$452.2K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$78.7K $24.60/SF
− Vacancy
−$4.7K −$1.48/SF
EGI
$74.0K $23.12/SF
− OpEx
−$33.3K −$10.41/SF
NOI
$40.7K $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%
$813,960
Cap Rate 7%
$581,400
Cap Rate 9%
$452,200
Alternative Uses
Best Use
Apartment 5plus
$581.4K
$508.7K – $678.3K
NOI $40,698 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$958.5K
$838.7K – $1.12M
NOI $67,092 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
641
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Built in 1981 and all-electric, the property features extensive interior updates and a low-maintenance exterior.
Where is this multifamily property located?
The property is located at 10775 W 13th Ave Lakewood, CO.
What is the asking price?
The asking price for this property is $970,000.
What are key features of this property?
This property features: Multifamily property built in 1981 with all‑electric operation.; Extensively updated interiors with new cabinetry, countertops, luxury vinyl plank flooring, bathroom vanities, bathtubs, and contemporary fixtures.; Zero‑scaped exterior designed for low‑maintenance ownership.
