Updated Multifamily Investment
10775 W 13th Ave Lakewood, CO 80215
For Sale
Contact for pricing
Built in 1981 and all-electric, the property features extensive interior updates and a low-maintenance exterior.
Property Size3,200 SF
Price / SF$328.13
Days on Market11
Property Features for 10775 W 13th Ave
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1981
Listing Agency:
Marcus & Millichap - Denver
Listed By:
Charles Burkhart · License #FA100103787
Source:
Crexi
Added: Jul 14
Changed: Jul 23
Last Checked: Jul 23 at 3:54AM
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
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 For Apartment 5plus
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.7k | $24.60 |
| − Vacancy | −$4.7k | −$1.48 |
| EGI | $74.0k | $23.12 |
| − OpEx | −$33.3k | −$10.41 |
| NOI | $40.7k | $12.72 |
3,200 SF · lease $24.60/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$581.4K
$508.7K – $678.3K
NOI $40,698 @ 7.0% cap · market cap 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$958.5K
$838.7K – $1.12M
NOI $67,092 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
FAQs
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 $1,050,000.
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.
