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Lakewood Four Unit Property

3051 W Ohio Avenue Denver, CO 80219

3051 W Ohio Avenue, Denver, CO, 80219
$800,000
For Sale
Claim this Listing
$800,000

Four-unit multifamily property located in Lakewood, Denver.

Property Size4,025 SF
Price / SF$198.76
AddedNov 21, 2025
Days on Market236
Last RefreshMay 19 at 9:03 pm

Property Features for 3051 W Ohio Avenue

General Information

Standard status
Active
Size
4,025 SF
Property subtype
Multifamily

Listing office Pinnacle Real Estate Advisors

Listing date Nov 21, 2025

Source Pinnaclerea

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.

This multifamily property features four units and is located in Lakewood, Denver. The property has a size of 4025 square feet.

Key Highlights

  • Just Sold!
  • 4 Units
  • Located in Lakewood

Local 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 $89.4k $22.20
− Vacancy −$5.2k −$1.29
EGI $84.2k $20.91
− OpEx −$25.3k −$6.27
NOI $58.9k $14.64
4,025 SF · lease $22.20/SF/yr · vacancy 5.79% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$841.8K
$736.6K – $982.1K (±1% cap)
NOI $58,927 @ 7.0% cap · market cap 7.37%
Second Best
Apartment 5plus
$773.3K
$676.6K – $902.2K (±1% cap)
NOI $54,130 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M (±1% cap)
NOI $80,371 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Real Estate Agency Law Firm Parking Lot & Garage Dental Office Skin Care Clinic Building Supply Locksmith Catering Service Computer & Electronic Repair Nursing Home

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

FAQs

What type of property is this?
Quadplex - Four-unit multifamily property located in Lakewood, Denver.
Where is this quadplex located?
The property is located at 3051 W Ohio Avenue Denver, CO.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Just Sold!; 4 Units; Located in Lakewood
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More about this property
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