5365 W 3rd Pl
Lakewood, CO 80226
Map
- 8 beds
- 4 baths
- 2,988 sqft
- $292 per sqft
- 1961 build
- – on site
Amazing investment opportunity, already performing at a 7% cap rate with current figures! Can be renovated and upgraded to allow for even better returns with higher rents. Current rents of about $1500 are just average for the neighborhood, so there is lots of room for upward improvement with the right vision. Would also be perfect someone looking to owner occupy 1 unit and rent out the other 3, and should qualify for FHA financing with this strategy. Each apartment has a washer/dryer in unit, and is metered separately for gas and electric, with 4 individual furnaces. Neighborhood provides quick access to Hwy 6, and then west to Golden or east to Denver. Perfect middle Lakewood location. When fully occupied, this should cash flow monthly assuming a 25% down mortgage. A rare find!
Last checked:
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Last updated Jul 9, 2025
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MLS# 6282231 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1961
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New Construction:false
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Construction Materials:Wood/Frame
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Architectural Style:Ranch
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Total SqFt:2,988 Sqft
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# of Units Total:4
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Building Area Total:2988
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Roof:Composition
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Levels:One
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Stories:1
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Accessibility Features:Accessible Elevator Installed
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Above Grade Finished Area:2988
Room Dimensions
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Living Area:2988
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Living Area Units:Square Feet
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Living Area Source:Assessor
Financial & Terms
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Listing Terms:Cash
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Tenant Pays:Gas
Location
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Directions:From 6th Ave take the Sheridan exit, and head south. Take a right onto 4th Ave, and your first left on Ames, then another right onto 3rd Pl. 2nd building on the right hand side.
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Coordinates:-105.055504, 39.722389
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Latitude:39.722389
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Longitude:-105.055504
The Property
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Property Type:Residential Income
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Property Subtype:Income Property
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Lot Size Units:Square Feet
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Exclusions:Tenant's personal property
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Horse:false
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Fencing:Partial
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Exterior Features:Balcony
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Waterfront:false
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Has Water Rights:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Year:2024
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Tax Annual Amount:$4,624
Beds
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Bedrooms Total:8
Baths
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Total Baths:4
The Listing
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Virtual Tour URL Unbranded:https://my.matterport.com/show/?m=y9UjhjkREdu
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Special Listing Conditions:Private Owner
Heating & Cooling
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Heating:Forced Air
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Heating:true
Utilities
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Gas:Separate Meter Gas
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Electric:Separate Meter Electricity
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Sewer:City Sewer
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Water Source:City Water
Appliances
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Appliances:Refrigerator
Schools
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Elementary School:Deane
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Middle School:Alameda Int'l
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High School:Alameda Int'l
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High School District:Jefferson County R-1
The Community
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Association:false
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Subdivision Name:North Alameda
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Spa:false
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Senior Community:false
Parking
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Garage Spaces:10
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Garage:true
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Garage Type:Off Street
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Attached Garage:false
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Covered Spaces:10
Extra Units
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Bedrooms Unit 1:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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7/9/25
Jul 9, 2025
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Listed / Active | IRES | $875,000 |
