27 Newland Ct, Lakewood, CO 80226
CONDOS - Other - Lakewood, CO
Property Features for 27 Newland Ct
General Information
Taxes and HOA fees
Utilities
Amenities
Building Details
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Investment Insights
Based on property information with market context.
The duplex is located at 27 Newland Ct in Lakewood, across from O’Kane Park and 1 mile from Belmar Shopping Center. Coors Field is 6.5 miles away. Both tenants have occupied their units for more than 10 years; one recently signed an 18-month lease beginning in October, while the other lease runs through February 2027.
Key Highlights
- Two identical units totaling 2,086 square feet on a 0.3‑acre lot
- Brick duplex constructed in 1963 with composition roof
- Both residences include three bedrooms, an eat‑in kitchen, and a bathroom
Financial Insights For Multifamily LT 5
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 | $46.3k | $22.20 |
| − Vacancy | −$3.0k | −$1.44 |
| EGI | $43.3k | $20.76 |
| − OpEx | −$13.0k | −$6.23 |
| NOI | $30.3k | $14.53 |
Alternative Uses
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Trade Area within ½ mile
Demographics for 80226, CO
Market
Vacancy Rate% for Multifamily in West region