Lakewood Apartment Building
For Sale
$5,000,000
5275 West 1st Avenue, Lakewood, CO 80226
32-unit apartment building in Lakewood, Colorado.
Property Size23,090 SF
Price / SF$216.54
Days on Market251
Property Features for 5275 West 1st Avenue
General Information
Standard status
Active
Size
23,090 SF
Property subtype
Multifamily
Listing Agency:
Pinnacle Real Estate Advisors
(303) 962-9559
Listed By:
Josh Newell · License #FA100001439
Source:
Pinnaclerea
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Jul 19 at 4:26AM
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 property features a 32-unit apartment building in Lakewood. The property has a size of 23090 square feet. It is classified as an apartment building, multifamily property, and residential income property.
Key Highlights
- 32 Unit Apartment Building
- Lakewood Location
- Just Sold
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 | $568.0k | $24.60 |
| − Vacancy | −$34.1k | −$1.48 |
| EGI | $533.9k | $23.12 |
| − OpEx | −$240.3k | −$10.41 |
| NOI | $293.7k | $12.72 |
23,090 SF · lease $24.60/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$4.20M
$3.67M – $4.89M
NOI $293,663 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.92M
$6.05M – $8.07M
NOI $484,114 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
683
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 32-unit apartment building in Lakewood, Colorado.
Where is this apartment building located?
The property is located at 5275 West 1st Avenue Lakewood, CO.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 32 Unit Apartment Building; Lakewood Location; Just Sold
