Lakewood Multifamily Investment
1950 -1960 Upham St Lakewood, CO 80214
1950 -1960 Upham St, Lakewood, CO, 80214
$3,350,000
For Sale
$3,350,000
15-unit multifamily building in Lakewood, Colorado.
Property Size13,620 SF
Price / SF$245.96
Days on Market238
Property Features for 1950 -1960 Upham St
General Information
- Standard status
- Active
- Size
- 13,620 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1963
Listing Agency
Pinnacle Real Estate Advisors
(714) 330-1436
Listed by
Andy Monette
(714) 330-1436
Source
Pinnaclerea
Added: Nov 21, 2025 Checked: Jul 17 at 3:28 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.
The property is a 15-unit multifamily building, known as Park 19, situated at 1950-1960 Upham St in Lakewood, Colorado. It is located within the Edgewood Submarket of Lakewood, CO. The property has a size of 13620 square feet.
Key Highlights
- 15‑unit multi‑family building.
- Located in Lakewood, Colorado.
- Located in Edgewood Submarket.
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 | $335.1k | $24.60 |
| − Vacancy | −$20.1k | −$1.48 |
| EGI | $314.9k | $23.12 |
| − OpEx | −$141.7k | −$10.41 |
| NOI | $173.2k | $12.72 |
13,620 SF · lease $24.60/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.47M
$2.17M – $2.89M
NOI $173,222 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.08M
$3.57M – $4.76M
NOI $285,562 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 15-unit multifamily building in Lakewood, Colorado.
Where is this apartment building located?
The property is located at 1950 -1960 Upham St Lakewood, CO.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: 15‑unit multi‑family building.; Located in Lakewood, Colorado.; Located in Edgewood Submarket.
