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12483 W 8th Ave - 12473 & 12483 W 8th Avenue 2 Unit Apartment Building Offered at $915,000 at a 7.11% Cap Rate Golden, CO 80401
Investment Highlights
- 2 Completely separate units, 2 fenced yards, 2 Attached 1 car garages
- Desirable Area, close to commuting, shopping, mountains, down town.
Executive Summary
Exceptional investment opportunity in a high-demand Lakewood location! This side-by-side duplex at 12473 & 12483 W 8th Ave offers strong income-producing potential with multiple investment strategies, including traditional rentals, owner-occupancy with rental income, or multi-generational living.
Designed for maximum tenant appeal, each unit features a private entrance, attached garage, dedicated parking, private fenced yard with deck, separate swamp cooler, and independent living spaces. With the garages positioned between the units, there are no shared living-space walls—an attractive feature for both tenants and owner-occupants seeking added privacy.
The property offers two distinct floor plans, broadening its rental appeal. One unit features a ranch-style layout with 4 bedrooms, 2 bathrooms, a finished basement, second living area, and laundry. The second unit offers a spacious bi-level design with 3 bedrooms, 2 bathrooms, two living areas, a fireplace, laundry room, and extended garage storage.
Located near major employment centers including the Federal Center, St. Anthony Hospital, Denver West, and Colorado Mills, with convenient access to I-70, 6th Avenue, and West Colfax, this property benefits from strong rental demand and excellent commuter accessibility. Nearby shopping, dining, recreation, and transit options further enhance tenant retention and long-term appreciation potential.
Whether you're seeking a turnkey addition to your portfolio, a house-hacking opportunity, or a versatile income-generating asset in a proven rental market, this duplex offers flexibility, stability, and long-term upside.
Designed for maximum tenant appeal, each unit features a private entrance, attached garage, dedicated parking, private fenced yard with deck, separate swamp cooler, and independent living spaces. With the garages positioned between the units, there are no shared living-space walls—an attractive feature for both tenants and owner-occupants seeking added privacy.
The property offers two distinct floor plans, broadening its rental appeal. One unit features a ranch-style layout with 4 bedrooms, 2 bathrooms, a finished basement, second living area, and laundry. The second unit offers a spacious bi-level design with 3 bedrooms, 2 bathrooms, two living areas, a fireplace, laundry room, and extended garage storage.
Located near major employment centers including the Federal Center, St. Anthony Hospital, Denver West, and Colorado Mills, with convenient access to I-70, 6th Avenue, and West Colfax, this property benefits from strong rental demand and excellent commuter accessibility. Nearby shopping, dining, recreation, and transit options further enhance tenant retention and long-term appreciation potential.
Whether you're seeking a turnkey addition to your portfolio, a house-hacking opportunity, or a versatile income-generating asset in a proven rental market, this duplex offers flexibility, stability, and long-term upside.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$72,000
|
$19.60
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$72,000
|
$19.60
|
| Taxes |
$3,678
|
$1.00
|
| Operating Expenses |
$3,000
|
$0.82
|
| Total Expenses |
$6,678
|
$1.82
|
| Net Operating Income |
$65,322
|
$17.78
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $72,000 |
| Annual Per SF | $19.60 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $72,000 |
| Annual Per SF | $19.60 |
| Taxes | |
|---|---|
| Annual | $3,678 |
| Annual Per SF | $1.00 |
| Operating Expenses | |
|---|---|
| Annual | $3,000 |
| Annual Per SF | $0.82 |
| Total Expenses | |
|---|---|
| Annual | $6,678 |
| Annual Per SF | $1.82 |
| Net Operating Income | |
|---|---|
| Annual | $65,322 |
| Annual Per SF | $17.78 |
Property Facts
| Price | $915,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $457,500 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 3,674 SF |
| Cap Rate | 7.11% | No. Stories | 2 |
| No. Units | 2 | Year Built | 1971 |
| Property Type | Multifamily |
| Price | $915,000 |
| Price Per Unit | $457,500 |
| Sale Type | Investment |
| Cap Rate | 7.11% |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Single-Family Home |
| Lot Size | 0.29 AC |
| Building Size | 3,674 SF |
| No. Stories | 2 |
| Year Built | 1971 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Washer/Dryer Hookup
- Eat-in Kitchen
- Refrigerator
- Range
- Carpet
- Yard
- Basement
- Deck
- Family Room
- Porch
- Vinyl Flooring
- Workshop
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Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
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Contact the Sale Advisor
12483 W 8th Ave - 12473 & 12483 W 8th Avenue