4-Unit Multifamily
183 S Ingalls St, Lakewood, CO 80226
For Sale
$815,000
Two apartments are vacant, and off-street parking serves the property.
Property Size3,174 SF
Price / SF$256.77
Days on Market30
Property Features for 183 S Ingalls St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Kaufman Hagan
(720) 984-0419
Listed By:
Louis Passarello
(650) 422-1035
Source:
Blackfeatherrealty
Added: Oct 8
Changed: Nov 6
Last Checked: Nov 6 at 2:01PM
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 Kaufman Hagan
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1978 multifamily property contains four apartments, each with two bedrooms and one bathroom. The building measures 3,174 square feet, and each unit is approximately 700 square feet. Two apartments are currently vacant, and off-street parking is available.
The property is on S Ingalls St in Lakewood, less than a mile from Belmar’s shopping, dining, and entertainment. Downtown Denver is about 15 minutes away.
The property is on S Ingalls St in Lakewood, less than a mile from Belmar’s shopping, dining, and entertainment. Downtown Denver is about 15 minutes away.
Key Highlights
- Four apartments, each with 2 bedrooms and 1 bathroom
- 3,174‑square‑foot building; units are approximately 700 square feet each
- Two units are vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,118
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$922,360
$922.4K
Cap Rate 7%
$658,829
$658.8K
Cap Rate 9%
$512,422
$512.4K
Market Conditions
NOI Build-Up for 3,174 SF
Gross rent
$70.5K $22.20/SF
− Vacancy
−$4.6K −$1.44/SF
EGI
$65.9K $20.76/SF
− OpEx
−$19.8K −$6.23/SF
NOI
$46.1K $14.53/SF
Area
Lakewood, CO
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$922,360
Cap Rate 7%
$658,829
Cap Rate 9%
$512,422
Alternative Uses
Best Use
Multifamily LT 5
$658.8K
$576.5K – $768.6K
NOI $46,118 @ 7.0% cap · market cap 5.66%
Second Best
Apartment 5plus
$576.7K
$504.6K – $672.8K
NOI $40,368 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$950.7K
$831.8K – $1.11M
NOI $66,547 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,286
Businesses Nearby
Explore this area
Business Placement
Demographics for 80226, CO
33,142
Population
14,742
Households
2.2
Avg Household Size
37
Median Age
38%
College-Educated
90%
High-School Grad
8.1 sq mi
ZIP Area
4,092
Density / Sq Mi
$78,466
Median Household Income
$44,640
Median Earnings
$1,738
Median Rent
$547,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Two apartments are vacant, and off-street parking serves the property.
Where is this quadplex located?
The property is located at 183 S Ingalls St Lakewood, CO.
What is the asking price?
The asking price for this property is $815,000.
What are key features of this property?
This property features: Four apartments, each with 2 bedrooms and 1 bathroom; 3,174‑square‑foot building; units are approximately 700 square feet each; Two units are vacant
