Duplex with Two Private
8298 W Cedar Avenue 8288 Lakewood, CO 80226
8298 W Cedar Avenue 8288, Lakewood, CO, 80226
$1,125,000
For Sale
$1,125,000
Two-level duplex on a corner lot with central A/C, fenced backyards, and separate one-car garages for each unit.
Property Size3,418 SF
Lot Size0.30 Acres
Price / SF$329.14
Days on Market300
Property Features for 8298 W Cedar Avenue 8288
General Information
- Standard status
- Active
- Size
- 3,418 SF
- Lot size
- 0.30 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1973
Listing agency
Redesigned Realty
(303) 668-5789
Listed by
Brent Hilvitz · License #100026070
(303) 668-5789
Source
Exitrealty
Added: Sep 27, 2025 Updated: Jul 22 at 7:11PM Checked: Jul 22 at 7:11PM
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 Redesigned Realty
Investment Insights
Based on property information with market context.
This duplex offers two separately configured residences, each with central A/C, a private fenced backyard, and a separate one-car garage, along with additional driveway parking. Both units include outdoor living space: unit 8298 features a kitchen-level sliding glass door to a private patio, while unit 8288 includes deck access from the upper floor kitchen.
Unit 8298 is a two-level layout with three bedrooms and two bathrooms. The upper level includes an open-concept kitchen and living area, two bedrooms, and a full bath. The lower level adds a third bedroom with proper egress, a three-quarter bath, a family room, a dedicated laundry room, and a utility room with generous storage.
Unit 8288 is a bi-level home with three bedrooms and two bathrooms. The upper floor includes a kitchen with deck access, a living room, two bedrooms, and a full bath. The lower level features a third bedroom, a three-quarter bath, a family room, and a large basement storage area with laundry, garage access, and a walk-out to the backyard. Unit 8298 is described as month-to-month, while unit 8288 has a lease expiration in August 2026. The property sits on a spacious corner lot with landscaped front and side yards and space for additional parking, including RV or extra vehicle parking.
Unit 8298 is a two-level layout with three bedrooms and two bathrooms. The upper level includes an open-concept kitchen and living area, two bedrooms, and a full bath. The lower level adds a third bedroom with proper egress, a three-quarter bath, a family room, a dedicated laundry room, and a utility room with generous storage.
Unit 8288 is a bi-level home with three bedrooms and two bathrooms. The upper floor includes a kitchen with deck access, a living room, two bedrooms, and a full bath. The lower level features a third bedroom, a three-quarter bath, a family room, and a large basement storage area with laundry, garage access, and a walk-out to the backyard. Unit 8298 is described as month-to-month, while unit 8288 has a lease expiration in August 2026. The property sits on a spacious corner lot with landscaped front and side yards and space for additional parking, including RV or extra vehicle parking.
Key Highlights
- 1973 two‑level duplex on a 0.3‑acre corner lot with central A/C and separate one‑car garages for each unit
- Each unit has a private fenced backyard plus additional driveway parking, with room for RVs or extra vehicles
- Unit 8298: month‑to‑month; 3 bedrooms, 2 bathrooms, private patio access, dedicated laundry room, and proper egress for the third bedroom
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 | $75.9k | $22.20 |
| − Vacancy | −$4.9k | −$1.44 |
| EGI | $70.9k | $20.76 |
| − OpEx | −$21.3k | −$6.23 |
| NOI | $49.7k | $14.53 |
3,418 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$709.5K
$620.8K – $827.7K
NOI $49,663 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$621.0K
$543.4K – $724.5K
NOI $43,471 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$1.02M
$895.8K – $1.19M
NOI $71,663 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Two-level duplex on a corner lot with central A/C, fenced backyards, and separate one-car garages for each unit.
Where is this duplex located?
The property is located at 8298 W Cedar Avenue 8288 Lakewood, CO.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: 1973 two‑level duplex on a 0.3‑acre corner lot with central A/C and separate one‑car garages for each unit; Each unit has a private fenced backyard plus additional driveway parking, with room for RVs or extra vehicles; Unit 8298: month‑to‑month; 3 bedrooms, 2 bathrooms, private patio access, dedicated laundry room, and proper egress for the third bedroom
