Lakewood Multifamily Property for
For Sale
Contact for pricing
7515 W 8th Pl, Lakewood, CO 80214
Multifamily property with twenty 2-bedroom units in Lakewood, Colorado.
Property Size15,455 SF
Price / SF$207.05
Days on Market249
Property Features for 7515 W 8th Pl
General Information
Standard status
Active
Size
15,455 SF
Property subtype
Multifamily
Net Operating Income
$243,712
Building Details
Year Built
1960
Buildings
3
Stories
1
Units
20
Listing Agency:
Pinnacle Real Estate Advisors
Listed By:
Josh Newell · License #CO FA100001439
(303) 962-9555
Source:
Crexi
Added: Feb 3
Changed: Aug 8
Last Checked: Aug 8 at 2:41PM
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, located in Lakewood, Colorado, features twenty units, each with 2 bedrooms and 1 bath. The property consists of three single-story buildings. Each unit is individually metered for gas and electric and has front and rear entrances. The property has a size of 15455 square feet and delivers a 6.81% Current CAP. The property can be purchased individually or as a portfolio with another property, offering the opportunity to build scale in a desirable location.
Key Highlights
- Strong, consistent tenant demand ensures reliable income stream.
- Current CAP rate of 6.81% indicates strong investment potential.
- Property consists of (20) 2‑bedroom, 1‑bath units, a highly desirable configuration.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$196,560
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,931,200
$3.9M
Cap Rate 7%
$2,808,000
$2.8M
Cap Rate 9%
$2,184,000
$2.2M
Market Conditions
NOI Build-Up for 15,455 SF
Gross rent
$380.2K $24.60/SF
− Vacancy
−$22.8K −$1.48/SF
EGI
$357.4K $23.12/SF
− OpEx
−$160.8K −$10.41/SF
NOI
$196.6K $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%
$3,931,200
Cap Rate 7%
$2,808,000
Cap Rate 9%
$2,184,000
Alternative Uses
Best Use
Apartment 5plus
$2.81M
$2.46M – $3.28M
NOI $196,560 @ 7.0% cap · market cap 6.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.63M
$4.05M – $5.40M
NOI $324,036 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
692
Businesses Nearby
Explore this area
Business Placement
Demographics for 80214, CO
26,493
Population
13,298
Households
2
Avg Household Size
36
Median Age
39%
College-Educated
89%
High-School Grad
4.7 sq mi
ZIP Area
5,637
Density / Sq Mi
$74,259
Median Household Income
$48,094
Median Earnings
$1,516
Median Rent
$519,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Multifamily property with twenty 2-bedroom units in Lakewood, Colorado.
Where is this apartment building located?
The property is located at 7515 W 8th Pl Lakewood, CO.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Strong, consistent tenant demand ensures reliable income stream.; Current CAP rate of 6.81% indicates strong investment potential.; Property consists of (20) 2‑bedroom, 1‑bath units, a highly desirable configuration.
