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122 5 St S 27 Unit Apartment Building $3,253,298 USD ($120,493 USD/Unit) 7.42% Cap Rate Lethbridge, AB T1J 2B2
Investment Highlights
- Zoned C-D, supporting continued multifamily use and potential long-term adaptability.
- Located in downtown Lethbridge with convenient access to shopping, dining, and essential services.
Executive Summary
Mixed-use property in downtown Lethbridge featuring 27 residential and 7 retail units plus garage. Positioned on 0.14 acres with C-D zoning, it offers projected NOI of $372,000 and cap rate of 7.42%, providing a strong investment opportunity.
Property Facts
| Price | $3,253,298 USD | Apartment Style | Low-Rise |
| Price Per Unit | $120,493 USD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 7.42% | Building Size | 16,547 SF |
| No. Units | 27 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1912 |
| Property Subtype | Apartment | Parking Ratio | 0.09/1,000 SF |
| Zoning | C-D - Downtown Commercial | ||
| Price | $3,253,298 USD |
| Price Per Unit | $120,493 USD |
| Sale Type | Investment |
| Cap Rate | 7.42% |
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 16,547 SF |
| No. Stories | 3 |
| Year Built | 1912 |
| Parking Ratio | 0.09/1,000 SF |
| Zoning | C-D - Downtown Commercial |
Amenities
Unit Amenities
- Ceiling Fans
- Tile Floors
- Kitchen
- Vaulted Ceiling
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 19 | - | 239 |
| 1+1 | 6 | - | 373 - 665 |
| 2+1 | 2 | - | 371 |
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Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
70/100
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122 5 St S
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