Lakewood Multifamily Property for
7515 W 8th Pl, Lakewood, CO 80214
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Multifamily property with twenty 2-bedroom units in Lakewood, Colorado.
Type:Multifamily
Property size:
15,455 SFPrice / SF:
$232/SF- Added:
- Feb 3, 2026
- Days on Market:
- 119
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 7515 W 8th Pl
General Information
- Standard status
- Active
- Size
- 15,455 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1960
Listing agent Josh Newell License #CO FA100001439
Listing office Pinnacle Real Estate Advisors (303) 962-9555
Listing date Feb 3, 2026
Source Crexi
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
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.
- Units are individually metered for gas & electric, simplifying management and expense tracking.
- Opportunity to purchase as part of a portfolio with 1289 Yukon Street, allowing for scalability.
- Located in a desirable Lakewood location.
Overview
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.
Local 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 | $380.2k | $24.60 |
| − Vacancy | −$22.8k | −$1.48 |
| EGI | $357.4k | $23.12 |
| − OpEx | −$160.8k | −$10.41 |
| NOI | $196.6k | $12.72 |
15,455 SF · lease $24.60/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.81M
$2.46M – $3.28M
NOI $196,560 @ 7.0% cap · market cap 5.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.63M
$4.05M – $5.40M
NOI $324,036 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Lakewood
- County
- Jefferson
- State
- Colorado
- Longitude
- -105.1379731
- Latitude
- 39.7301483
Nearby Similar for Sale
FAQs
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 $3,600,000.
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.
