End Unit Condo with
For Sale
$328,000
445 Wright Street #314, Lakewood, CO 80228
Two-bedroom condo with loft, stainless appliances, and convenient parking.
Property Size1,071 SF
Days on Market419
Property Features for 445 Wright Street #314
General Information
Standard status
Active
Size
1,071 SF
Property subtype
Condominium
Amenities
Fireplace
Cable Ready
Wood
Central Air
Forced Air
Dishwasher
Disposal
Dryer
Microwave
Oven
Range
Refrigerator
Washer
Deck, Patio, Pool, Porch, Electricity Connected, Internet Access (Wired), Phone Available, Cable Available, Shingle
Building Details
Building Size
1,071 SF
Year Built
1982
Listing Agency:
HomeSmart
Listed By:
Tracy Panariello · License #6712476
(303) 503-8008
Source:
Kw
Added: Aug 24, 2025
Changed: Oct 9
Last Checked: Oct 16 at 6:10AM
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 HomeSmart
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Investment Insights
Based on property information with market context.
This end unit condo features two bedrooms and a loft area that can serve as a third bedroom, office, or workout room. The two lower bedrooms are spacious; one includes a walk-in closet, while the other has a large closet spanning the entire wall. Upstairs, the private loft area offers flexibility. The bathroom has a new quartz countertop. A hallway laundry closet includes a washer and dryer. The balcony provides views of the sunrise, with the pool and hot tub located below. A fireplace adds warmth, and a smart TV is included. The kitchen features stainless steel appliances and a French door refrigerator with a bottom freezer. The unit includes a detached garage close by and a reserved parking space outside the front door. The location offers convenience, with restaurants, entertainment, doctors' offices, grocery stores, a hospital, and light rail within one mile. A new park with a dog park is under construction across the street. The HOA fees are $282.16 per month.
Key Highlights
- Excellent Location: Close to restaurants, entertainment, doctors' offices, grocery stores, a hospital, and light rail.
- End Unit Condo: Lives like a three‑bedroom with an extra loft area.
- Convenient Parking: Detached garage close to the unit and a reserved parking space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,621
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,420
$272.4K
Cap Rate 7%
$194,586
$194.6K
Cap Rate 9%
$151,344
$151.3K
Market Conditions
NOI Build-Up for 1,071 SF
Gross rent
$26.3K $24.60/SF
− Vacancy
−$1.6K −$1.48/SF
EGI
$24.8K $23.12/SF
− OpEx
−$11.1K −$10.41/SF
NOI
$13.6K $12.72/SF
Area
Lakewood, CO
Vacancy
6.00%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,420
Cap Rate 7%
$194,586
Cap Rate 9%
$151,344
Alternative Uses
Best Use
Apartment 5plus
$194.6K
$170.3K – $227.0K
NOI $13,621 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$320.8K
$280.7K – $374.3K
NOI $22,455 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
583
Businesses Nearby
Explore this area
Business Placement
Demographics for 80228, CO
34,836
Population
15,921
Households
2.2
Avg Household Size
40
Median Age
60%
College-Educated
96%
High-School Grad
11.5 sq mi
ZIP Area
3,029
Density / Sq Mi
$110,013
Median Household Income
$62,872
Median Earnings
$1,819
Median Rent
$607,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-bedroom condo with loft, stainless appliances, and convenient parking.
Where is this apartment building located?
The property is located at 445 Wright Street #314 Lakewood, CO.
What is the asking price?
The asking price for this property is $328,000.
What are key features of this property?
This property features: Excellent Location: Close to restaurants, entertainment, doctors' offices, grocery stores, a hospital, and light rail.; End Unit Condo: Lives like a three‑bedroom with an extra loft area.; Convenient Parking: Detached garage close to the unit and a reserved parking space.
