Renovated 12-Unit Condo
For Sale
$2,225,000
7005-7035 W 16th Place, Lakewood, CO 80215
Twelve side-by-side 1-bed condos with front and back doors and nearly 2:1 off-street parking.
Property SizeContact for details
Days on Market99
Property Features for 7005-7035 W 16th Place
General Information
Standard status
Active
Property subtype
Commercial/Industrial
Additional Details
Multifamily Units
12
Taxes and HOA fees
Annual Taxes
$16,993
Building Details
Year Built
1952
Tenancy
Multi
Listing Agency:
NorthPeak Commercial Advisors, LLC
(720) 738-1944
Listed By:
Jack Sherman · License #100085430
(303) 903-9638
Source:
Exitrealty
Added: Jun 4
Changed: Sep 9
Last Checked: Sep 10 at 6:24AM
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 NorthPeak Commercial Advisors, LLC
Investment Insights
Based on property information with market context.
The Flats at 16th is a 12-unit condo building featuring 1-bedroom, 1-bath residences with attractive side-by-side layouts and both front and back doors. The property has been upgraded with renovated interiors, along with recent improvements that include a new roof, new windows, updated electrical, refreshed landscaping, and re-striped parking. Off-street parking is provided at nearly a 2:1 ratio, supporting tenant convenience and day-to-day operations.
The building is located at 7005–7035 W 16th Place in Lakewood, Colorado. The area described in the remarks includes new development moving west from Sloan’s Lake and walkable access to the Wadsworth Light Rail Station.
For an investor or owner-operator seeking a turnkey multifamily condo asset, the combination of unit layout, parking availability, and documented capital improvements helps reduce near-term maintenance concerns. The property’s recent upgrades and maintained site features can also support consistent presentation for leasing and ongoing occupancy.
The building is located at 7005–7035 W 16th Place in Lakewood, Colorado. The area described in the remarks includes new development moving west from Sloan’s Lake and walkable access to the Wadsworth Light Rail Station.
For an investor or owner-operator seeking a turnkey multifamily condo asset, the combination of unit layout, parking availability, and documented capital improvements helps reduce near-term maintenance concerns. The property’s recent upgrades and maintained site features can also support consistent presentation for leasing and ongoing occupancy.
Key Highlights
- 12 premium condos (side‑by‑side 1BD/1BA units) built in 1952
- Each unit has side‑by‑side layout with front and back doors
- Nearly 2:1 off‑street parking ratio for the complex
Property Analytics
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Current Use
Lease Details
12
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
421
Businesses Nearby
Explore this area
Business Placement
Demographics for 80215, CO
19,908
Population
9,156
Households
2.2
Avg Household Size
42
Median Age
49%
College-Educated
97%
High-School Grad
5.5 sq mi
ZIP Area
3,620
Density / Sq Mi
$85,017
Median Household Income
$49,100
Median Earnings
$1,728
Median Rent
$615,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Twelve side-by-side 1-bed condos with front and back doors and nearly 2:1 off-street parking.
Where is this apartment building located?
The property is located at 7005-7035 W 16th Place Lakewood, CO.
What is the asking price?
The asking price for this property is $2,225,000.
What are key features of this property?
This property features: 12 premium condos (side‑by‑side 1BD/1BA units) built in 1952; Each unit has side‑by‑side layout with front and back doors; Nearly 2:1 off‑street parking ratio for the complex
