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1628 Eaton St Lakewood, CO 80214

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For Sale
Contact for pricing

5-Unit Apartment Building, High ROI

Property size:
4,806 SF

Property Features for 1628 Eaton St

General Information

Property type
Multifamily properties
Square Feet
4,806 SF
Lot Size
18,295 SF

Building Details

Year Built/Renovated
1922/2024
Buildings
2
Stories
2
Units
5

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Listing Contact
Benny Swan
Benny Swan

Listing Agency: Live West Realty Listing Agent: Benny Swan

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment opportunity presents a 5-unit multifamily property situated on a desirable .42-acre corner lot in Lakewood, Colorado's Edgewater/Sloan's Lake area. The property comprises a four-plex and a single-family home, offering a diverse income stream. The four-plex features two renovated 2-bedroom, 1-bathroom units and two 1-bedroom, 1-bathroom units, all with updated windows and electrical panels. Each unit boasts individual electric meters. A convenient on-site coin-operated laundry facility adds to the property's appeal. The single-family home, remodeled in 2020, offers 3 bedrooms, 2 bathrooms, a dedicated washer/dryer, an oversized garage, and a private backyard. Both buildings received new roofs in 2018. The property boasts a 6.23% cap rate and a pro-forma cap rate of 6.43%, with a current NOI of $85,700 and a pro-forma NOI of $88,457. Zoned R-MF, this property offers significant redevelopment potential. Its prime location provides easy access to Sloan's Lake Park, the vibrant Edgewater neighborhood, and the revitalized Colfax Avenue corridor, placing it within a 10-minute drive of downtown Denver. The asking price is $1,375,000, or $275,000 per unit. This turnkey investment offers strong cash flow potential and significant long-term appreciation in a thriving market. The property's features include off-street parking and generous outdoor space. Built in 1922 and renovated in 2024, this two-story, two-building complex offers a blend of modern updates and classic charm.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Lakewood
County
Jefferson
State
Colorado
Longitude
-105.05909395837
Latitude
39.742562637862

FAQs

What type of property is this?
Multifamily property - 5-Unit Apartment Building, High ROI
Where is this multifamily property located?
The property is located at 1628 Eaton St Lakewood, CO.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Five-unit property: four-plex (two 2/1s, two 1/1s) plus a 3/2 single-family home.; Offered at $1,375,000 ($275,000 per unit).; 5.6% cap rate provides strong cash flow.
(303) 440-8200 Call to check price and availability
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