5365 W 3rd Place
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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Construction Materials:Block, Brick, Concrete, Frame
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Building Area Total:2988
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Building Area Source:Public Records
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Structure Type:Quadruplex
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Roof:Composition
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Foundation Details:Block
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Levels:One
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Basement:false
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Common Walls:1 Common Wall
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Exterior Features:Balcony, Elevator, Private Yard
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Security Features:Carbon Monoxide Detector(s)
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Above Grade Finished Area:2988
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Property Attached:true
Interior
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Laundry Features:In Unit
Room Dimensions
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Living Area:2988
Financial & Terms
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Ownership:Individual
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Possession:Closing/DOD, Rental Agreement
Location
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Latitude:39.7223885
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Longitude:-105.0555058
The Property
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Property Type:Residential Income
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Property Subtype:Quadruplex
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Parcel Number:063489
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Exclusions:Tenant’s personal property
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Fencing:Partial
Listing Agent
- Contact info:
- Agent phone:
- (720) 771-8061
- Office phone:
- (303) 665-8944
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
Heating & Cooling
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Heating:Forced Air
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Cooling:None
Utilities
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Dryer, Oven, Refrigerator, Washer
Schools
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Elementary School:Deane
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Elementary School District:Jefferson County R-1
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Middle Or Junior School:Alameda Int'l
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Middle Or Junior School District:Jefferson County R-1
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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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Subdivision Name:North Alameda
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Association:false
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Senior Community:false
Parking
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Parking Total:10
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Parking Features:Asphalt
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Attached Garage:false
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).
