Lakewood Multifamily Property on 1.5
1088 Miller St Lakewood, CO 80215
1088 Miller St, Lakewood, CO, 80215
$2,375,000
For Sale
$2,375,000
12-unit multifamily property in West Lakewood near light rail.
Property Size11,588 SF
Price / SF$204.95
Days on Market239
Property Features for 1088 Miller St
General Information
- Standard status
- Active
- Size
- 11,588 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1969
Listing Agency
Pinnacle Real Estate Advisors
(303) 962-9559
Listed by
Josh Newell · License #FA100001439
Source
Pinnaclerea
Added: Nov 21, 2025 Checked: Jul 17 at 3:19 am
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 Pinnacle Real Estate Advisors
Investment Insights
Based on property information with market context.
This multifamily property is located in West Lakewood on over 1.5 acres. The property contains 12 units and offers a mountain-like setting along a river. It is located approximately ten minutes from Downtown Denver and is within walking distance of a light rail station. The property size is 11,588 square feet.
Key Highlights
- 12 Units in Lakewood - Investment Opportunity
- Located on 1.5 Acres in a Serene, Mountain‑Like Setting Along a River
- Just Ten Minutes from Downtown Denver
Local 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 | $285.1k | $24.60 |
| − Vacancy | −$17.1k | −$1.48 |
| EGI | $268.0k | $23.12 |
| − OpEx | −$120.6k | −$10.41 |
| NOI | $147.4k | $12.72 |
11,588 SF · lease $24.60/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.11M
$1.84M – $2.46M
NOI $147,379 @ 7.0% cap · market cap 6.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.47M
$3.04M – $4.05M
NOI $242,959 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - 12-unit multifamily property in West Lakewood near light rail.
Where is this apartment building located?
The property is located at 1088 Miller St Lakewood, CO.
What is the asking price?
The asking price for this property is $2,375,000.
What are key features of this property?
This property features: 12 Units in Lakewood - Investment Opportunity; Located on 1.5 Acres in a Serene, Mountain‑Like Setting Along a River; Just Ten Minutes from Downtown Denver
