Four-Unit Apartment Building with Rear
For Sale
$999,990
8410 10th Avenue, Lakewood, CO 80215
Fully remodeled multifamily property with additional rear lot space and east-side alley access.
Property Size3,000 SF
Days on Market50
Property Features for 8410 10th Avenue
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Duplex
Site & Location
Neighborhood
Daniels
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,690
Building Details
Building Size
3,000 SF
Year Built
1947
Buildings
1
Listing Agency:
Keller Williams Advantage Realty LLC
Listed By:
Raul Ochoa · License #036927
(720) 434-0221
Source:
Eliselosassore
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 27 at 12:21AM
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 Keller Williams Advantage Realty LLC
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Investment Insights
Based on property information with market context.
Built in 1947, this four-unit multifamily property was comprehensively rebuilt three years ago. The work included a new roof, interior walls, furnace, water heaters, plumbing, sewer line, electrical system, windows, and siding. The building also includes a separate rear area described as an additional rental, with the vacant lot accommodating small trailers used by small businesses.
An alley runs along the east side of the property. The property is in Lakewood near Belmar and approximately 10 minutes from downtown Denver, providing access to both local amenities and the Denver urban core. The asset is suited to continued multifamily use with an additional rear lot component.
An alley runs along the east side of the property. The property is in Lakewood near Belmar and approximately 10 minutes from downtown Denver, providing access to both local amenities and the Denver urban core. The asset is suited to continued multifamily use with an additional rear lot component.
Key Highlights
- Four‑unit multifamily building
- Comprehensively rebuilt three years ago
- New roof, furnace, water heaters, plumbing, sewer line, electrical, windows, and siding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,155
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$763,100
$763.1K
Cap Rate 7%
$545,071
$545.1K
Cap Rate 9%
$423,944
$423.9K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$73.8K $24.60/SF
− Vacancy
−$4.4K −$1.48/SF
EGI
$69.4K $23.12/SF
− OpEx
−$31.2K −$10.41/SF
NOI
$38.2K $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%
$763,100
Cap Rate 7%
$545,071
Cap Rate 9%
$423,944
Alternative Uses
Best Use
Apartment 5plus
$545.1K
$476.9K – $635.9K
NOI $38,155 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$898.6K
$786.2K – $1.05M
NOI $62,899 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
665
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Apartment building - Fully remodeled multifamily property with additional rear lot space and east-side alley access.
Where is this apartment building located?
The property is located at 8410 10th Avenue Lakewood, CO.
What is the asking price?
The asking price for this property is $999,990.
What are key features of this property?
This property features: Four‑unit multifamily building; Comprehensively rebuilt three years ago; New roof, furnace, water heaters, plumbing, sewer line, electrical, windows, and siding
