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    1628 Eaton St Lakewood, CO 80214
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    Property profile & analytics

    1628 Eaton St, Lakewood, CO 80214

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    • Residential income homes
    • 1,444 SF
    • 0.42 lot acres
    For Sale
    $1,300,000
    View Listing →
    Lakewood Multi-Family Investment For Sale
    $1,300,000
    4,806 SF

    Lakewood Multi-Family Investment

    Five-unit property, prime location. High rental income potential.

    Denver, CO 80214
    View Listing
    Property ID
    US13-2749039
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    3%
    Residential income homes
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 1628 Eaton St

    Year built
    1922
    Construction
    BRICK
    Lot size
    0.42 lot acres
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    39-364-00-007
    APU
    3936400007

    Description

    This exceptional investment opportunity presents a rare .42-acre corner lot in Lakewood's desirable Edgewater/Sloan's Lake area. The property comprises a five-unit complex: a four-plex and a single-family home. The four-plex features two one-bedroom, one-bathroom units and two renovated two-bedroom, one-bathroom units, each boasting updated windows and new electrical panels. Individual electric meters are installed for each unit, and the building includes an on-site coin-operated laundry facility, ample outdoor space, and off-street parking. The single-family home, remodeled in 2020, offers 1,800 square feet of living space, three bedrooms, two bathrooms, a dedicated washer/dryer, an oversized garage, and a private backyard. Both buildings received new roofs in 2018. The property is zoned R-MF (Multi-Family Residential), allowing for potential subdivision or redevelopment. Its prime location offers residents easy access to Sloan's Lake recreational amenities, the vibrant Edgewater neighborhood's shops and restaurants, and the revitalized Colfax Avenue, providing diverse dining, shopping, and entertainment options. Downtown Denver is a short 10-minute drive away. This combination of location, existing income-generating units, and redevelopment potential makes this a truly exceptional investment opportunity in a highly sought-after Denver area. The total square footage is 4,806. The asking price is $1,300,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $800,000
      ML approach
      $860,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $921,000
      Market price range: $275k - $921k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $605,000
      Current use
      AUTO REPAIR, GARAGE
      $580,000
      Change: -5% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.059
    Latitude
    39.7424
    CBSA code
    19740
    CBSA name
    DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,457
    $24,515
    $35,597
    $60,112
    -
    $365,900
    $586,300
    $952,200

    Comparable in this City

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      APARTMENT HOUSE (UNDER 5 UNITS)
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    • Value Estimation
      $560,000
      1,848 SF

      1481 Ingalls St

      APARTMENT HOUSE (UNDER 5 UNITS)
      1481 Ingalls St, Lakewood, CO 80214-2141
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    • Value Estimation
      $565,000
      2,817 SF

      2560 Brentwood St

      APARTMENT HOUSE (UNDER 5 UNITS)
      2560 Brentwood St, Lakewood, CO 80214-5569
      View Details
    • Value Estimation
      $900,000
      3,175 SF

      989 Upham Ct

      APARTMENT HOUSE (UNDER 5 UNITS)
      989 Upham Ct, Lakewood, CO 80214-4842
      View Details
    • Value Estimation
      $960,000
      3,728 SF

      1280 Zephyr St

      APARTMENT HOUSE (UNDER 5 UNITS)
      1280 Zephyr St, Lakewood, CO 80214-4197
      View Details
    • Value Estimation by Request
      2,505 SF

      1255 Ammons St

      APARTMENT HOUSE (UNDER 5 UNITS)
      1255 Ammons St, Lakewood, CO 80214-4047
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,500 SF

      Wheat Ridge Multifamily Investment Opportunity

      12-unit apartment building near Sloan’s Lake and major transportation routes.
      5995 W 29 Ave, Wheat Ridge, CO 80214
      View Details
    • $3,350,000

      Lakewood Multifamily Investment Opportunity

      15-unit multifamily building in Lakewood, Colorado.
      1950 Upham St, Lakewood, CO 80214
      View Details
    • $3,165,000

      Lakewood Apartment Property Near Transit

      Apartment property in Lakewood, CO, near light rail station.
      1260 Balsam St, Lakewood, CO 80214
      View Details
    • Contact for pricing
      15,455 SF

      Lakewood Multifamily Property for Sale

      Multifamily property with twenty 2-bedroom units in Lakewood, Colorado.
      7515 W 8Th Pl, Lakewood, CO 80214
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,570 SF

      Restaurant and Retail Space Available

      Second generation restaurant and retail spaces available for lease.
      6601 W Colfax Ave, Lakewood, CO 80214
      View Details
    • Contact for pricing
      4,927 SF

      Lakewood Medical Office Building

      Single-tenant, 4,927 SF, 1-acre lot
      7595 Colfax Ave, Lakewood, CO 80214
      View Details
    • Contact for pricing
      2,450 SF

      Retail Space in Lakewood Center

      Retail space available in busy Walmart shadow-anchored center.
      7475 W Colfax Ave, Lakewood, CO 80214
      View Details
    • Contact for pricing
      1,809 SF

      Edgewater Retail/Office Space Available

      Prime retail/office space in a sought-after Edgewater location.
      5219 W 25Th Ave, Edgewater, CO 80214
      View Details
    • Contact for pricing
      1,450 SF

      Remodeled Restaurant Space for Sublease

      Recently remodeled 1,450 SF restaurant space available for sublease.
      6451 W Colfax Ave, Lakewood, CO 80214
      View Details
    • $19 SF/Yr
      37,500 SF

      Lakewood Executive Office Suites

      Modern Lakewood office space, flexible layouts.
      940 Wadsworth Blvd, Lakewood, CO 80214
      View Details
    View Listing
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    1628 Eaton St
    Lakewood, CO 80214
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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