Side-by-Side Duplex with
7375 W 3rd Avenue Lakewood, CO 80226
7375 W 3rd Avenue, Lakewood, CO, 80226
$749,000
For Sale
$749,000
Fully renovated duplex with two 4-bedroom units, finished basements, attached garages, and solar panels.
Property Size1,900 SF
Price / SF$394.21
Days on Market101
Property Features for 7375 W 3rd Avenue
General Information
- Standard status
- Active
- Size
- 1,900 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1962
Listing agency
Mavi Unlimited Inc
(720) 771-8061
Listed by
Michael Hoover · License #100036906
(720) 771-8061
Source
Exitrealty
Added: Apr 13 Updated: Jul 21 at 1:40AM Checked: Jul 21 at 5:44AM
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 Mavi Unlimited Inc
Investment Insights
Based on property information with market context.
This side-by-side duplex offers two fully renovated residences, each with 4 bedrooms and fully finished basements. Improvements include new flooring and new paint throughout, along with rehabbed kitchens and bathrooms. Each side also includes a 1-car attached garage, and the property shares an oversized driveway. Solar panels are installed, and both sides have newer boiler heating systems that have been maintained.
The building is located on a quiet cul de sac at 7375 W 3rd Avenue in Lakewood, CO 80226. One unit is currently rented, providing an immediate rental position while still allowing an owner-occupant to live in the renovated side and collect income from the other.
With a large, duplex-specific layout and a remodel that has been completed, the property is set up for either owner-occupancy or continued investment use across both units.
The building is located on a quiet cul de sac at 7375 W 3rd Avenue in Lakewood, CO 80226. One unit is currently rented, providing an immediate rental position while still allowing an owner-occupant to live in the renovated side and collect income from the other.
With a large, duplex-specific layout and a remodel that has been completed, the property is set up for either owner-occupancy or continued investment use across both units.
Key Highlights
- Fully renovated side‑by‑side duplex (built 1962) with two 4‑bedroom units and finished basements
- Each unit has a rehabbed kitchen and bathrooms, plus new flooring and new paint as part of the complete remodel
- Currently rented unit generates $2,800/month; option to live in the newly renovated side while collecting rental income
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 | $42.2k | $22.20 |
| − Vacancy | −$2.7k | −$1.44 |
| EGI | $39.4k | $20.76 |
| − OpEx | −$11.8k | −$6.23 |
| NOI | $27.6k | $14.53 |
1,900 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$394.4K
$345.1K – $460.1K
NOI $27,607 @ 7.0% cap · market cap 3.69%
Second Best
Apartment 5plus
$345.2K
$302.1K – $402.8K
NOI $24,165 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$569.1K
$498.0K – $663.9K
NOI $39,836 @ 7.0% cap · market cap 5.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Fully renovated duplex with two 4-bedroom units, finished basements, attached garages, and solar panels.
Where is this duplex located?
The property is located at 7375 W 3rd Avenue Lakewood, CO.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Fully renovated side‑by‑side duplex (built 1962) with two 4‑bedroom units and finished basements; Each unit has a rehabbed kitchen and bathrooms, plus new flooring and new paint as part of the complete remodel; Currently rented unit generates $2,800/month; option to live in the newly renovated side while collecting rental income
