1435-1449 Depew St Lakewood, CO 80214
- Multifamily properties
- 6,346 SF
- 0.55 lot acres
Current Use by Public Records
- Multifamily properties
Property Details for 1435-1449 Depew St
- Year built
- 1951
- Lot size
- 0.55 lot acres
- Property size
- 6,346 SF
- Property type
- Multifamily properties
Description
This exceptional investment opportunity presents a portfolio of three four-unit apartment buildings located at 1435-1449 Depew Street in Lakewood, Colorado. The property encompasses a substantial 0.55-acre lot (24,134 square feet) currently housing a total of 6,346 square feet of existing rental space, divided into twelve individual units. The property's zoning designation is multifamily, making it ideally suited for a variety of uses. Importantly, a preliminary site review conducted by an architecture firm suggests significant redevelopment potential. This review indicates the feasibility of constructing a new, larger multifamily building on the site, potentially accommodating up to 42 units, subject to all necessary approvals and adherence to local zoning regulations. This presents a unique chance to capitalize on the strong rental market in Lakewood while exploring substantial value appreciation through a future development project. The asking price for this prime Lakewood property is $2,200,000. This represents a compelling investment opportunity for those seeking immediate rental income and long-term growth potential. The property's location in Lakewood offers convenient access to major transportation routes, amenities, and employment centers. Serious inquiries are encouraged.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lakewood
- County
- Jefferson
- State
- Colorado
- Longitude
- -105.058
- Latitude
- 39.7387
