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    8205 W 16Th Ave Lakewood, CO 80238

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    For Sale
    $2,380,000

    Recently renovated 16-unit multifamily property near Sloan's Lake.

    Property size:
    7,560 SF

    Property Features for 8205 W 16Th Ave

    General Information

    Size
    7,560 SF

    Building Details

    Year built
    1952

    Source: Andy Monette Agent Andy Monette

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lakewood Multifamily Investment Opportunity

    This is a recently renovated multifamily property featuring 16 units, situated in Lakewood, Colorado. The property is located in the thriving neighborhood near Sloan's Lake, right off of Colfax Avenue. The unit mix, proximity to Sloan's Lake, and rental upside are intended to offer value to investors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.1910366
    Latitude
    39.7417693

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    FAQs

    What type of property is this?
    Apartment building - Recently renovated 16-unit multifamily property near Sloan's Lake.
    Where is this apartment building located?
    The property is located at 8205 W 16Th Ave Lakewood, CO.
    What is the asking price?
    The asking price for this property is $2,380,000.
    What are key features of this property?
    This property features: - 16-unit multifamily property presents a strong rental upside potential.; - Recently renovated, offering modern living spaces.; - Proximity to Sloan's Lake provides easy access to outdoor recreation.
    (714) 330-1436
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    8205 W 16Th Ave Lakewood, CO 80238
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    Lakewood, CO 80238
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8205 W 16Th Ave Lakewood, CO 80238
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