Fourplex with Off-Street
193 S Ingalls Street, Lakewood, CO 80226
For Sale
$815,000
Two apartments are vacant, and all four units have two bedrooms and one bathroom.
Property Size3,174 SF
Price / SF$256.77
Days on Market30
Property Features for 193 S Ingalls Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Kaufman Hagan
Listed By:
Louis Passarello
(650) 422-1035
Source:
Thegalanskygroup
Added: Oct 8
Changed: Nov 6
Last Checked: Nov 6 at 2:24PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1978, this four-unit multifamily property contains 3,174 square feet. Each apartment has two bedrooms, one bathroom, and approximately 700 square feet. Two units are vacant, and off-street parking is available.
The property is less than a mile from Belmar and approximately 15 minutes from downtown Denver. Its four apartments share the same floor plan.
The property is less than a mile from Belmar and approximately 15 minutes from downtown Denver. Its four apartments share the same floor plan.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- Approximately 700 square feet per apartment
- 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
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 all four units have two bedrooms and one bathroom.
Where is this quadplex located?
The property is located at 193 S Ingalls Street 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 units, each with 2 bedrooms and 1 bathroom; Approximately 700 square feet per apartment; Two units are vacant
