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    5480 W 3Rd Pl Lakewood, CO 80226

    For Sale
    $919,900

    Turnkey quadplex near Belmar with strong rental history.

    Lot size:
    0.18 Acres

    Property Features for 5480 W 3Rd Pl

    General Information

    Lot size
    0.18 Acres

    Building Details

    Year built
    1961

    Source: Keller Williams Advantage Realty LLC Agent Raul Ochoa

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

    Overview

    Lakewood Quadplex Investment Opportunity

    Located in Lakewood, this 3,050 square foot quadplex at 5480 W 3rd Place features four 2-bed, 1-bath units. The property is situated minutes from Belmar, 6th Ave, and various shops, dining options, and parks. With a strong rental history and projected income over $80,000, this multifamily property is suitable for investors or those looking to build long-term wealth.
    Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.1549966
    Latitude
    39.7214751

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    FAQs

    What type of property is this?
    Quadplex - Turnkey quadplex near Belmar with strong rental history.
    Where is this quadplex located?
    The property is located at 5480 W 3Rd Pl Lakewood, CO.
    What is the asking price?
    The asking price for this property is $919,900.
    What are key features of this property?
    This property features: - Quadplex featuring four 2-bed, 1-bath units.; - Projected income over $80K.; - Turnkey multifamily property.
    (720) 434-0221
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    5480 W 3Rd Pl Lakewood, CO 80226
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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
    5480 W 3Rd Pl Lakewood, CO 80226
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