Log In/Sign Up
Your email has been sent.
538 S Ames St 4 Unit Apartment Building $1,225,000 ($306,250/Unit) 7.56% Cap Rate Lakewood, CO 80226
INVESTMENT HIGHLIGHTS
- Renovated 4-Plex on Large 0.49 Acre Lot
- (4) Large Garages Provide Additional Income
- Just 1.76% Historical Vacancy!
- 7.56% Current CAP Rate!
- All Large 2Bd & 3Bd Units
- Furnaces, Hot Water Heaters, Washer/Dryer Hookups & Swamp Coolers Dedicated to Each Unit
EXECUTIVE SUMMARY
JUST LISTED! Renovated 4-Plex on Large 0.49 Acre Lot. 7.56% Actual CAP Rate with only 1.76% Historical Vacancy!
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$106,860
|
$18.56
|
| Other Income |
$16,672
|
$2.89
|
| Vacancy Loss |
$2,171
|
$0.38
|
| Effective Gross Income |
$121,361
|
$21.07
|
| Taxes |
$4,342
|
$0.75
|
| Operating Expenses |
$24,430
|
$4.24
|
| Total Expenses |
$28,772
|
$5.00
|
| Net Operating Income |
$92,589
|
$16.08
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $106,860 |
| Annual Per SF | $18.56 |
| Other Income | |
|---|---|
| Annual | $16,672 |
| Annual Per SF | $2.89 |
| Vacancy Loss | |
|---|---|
| Annual | $2,171 |
| Annual Per SF | $0.38 |
| Effective Gross Income | |
|---|---|
| Annual | $121,361 |
| Annual Per SF | $21.07 |
| Taxes | |
|---|---|
| Annual | $4,342 |
| Annual Per SF | $0.75 |
| Operating Expenses | |
|---|---|
| Annual | $24,430 |
| Annual Per SF | $4.24 |
| Total Expenses | |
|---|---|
| Annual | $28,772 |
| Annual Per SF | $5.00 |
| Net Operating Income | |
|---|---|
| Annual | $92,589 |
| Annual Per SF | $16.08 |
PROPERTY FACTS
| Price | $1,225,000 | Building Class | C |
| Price Per Unit | $306,250 | Lot Size | 0.49 AC |
| Sale Type | Investment | Building Size | 5,759 SF |
| Cap Rate | 7.56% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1980 |
| Property Subtype | Apartment | Parking Ratio | 1.74/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-MF | ||
| Price | $1,225,000 |
| Price Per Unit | $306,250 |
| Sale Type | Investment |
| Cap Rate | 7.56% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 5,759 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 1.74/1,000 SF |
| Zoning | R-MF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer Hookup
- Hardwood Floors
- Refrigerator
- Oven
- Carpet
- Garden
- Vinyl Flooring
- Large Bedrooms
SITE AMENITIES
- Fenced Lot
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2.5 | 1 | $2,595 | 1,566 |
| 2+1 | 1 | $1,625 | 1,257 |
| 3+3 | 1 | $2,700 | 2,080 |
| 2+2 | 1 | $1,985 | 855 |
1 1
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 49-131-05-003 | Total Assessment | $47,353 (2024) |
| Land Assessment | $28,676 (2024) | Annual Taxes | $4,342 ($0.75/SF) |
| Improvements Assessment | $18,677 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
49-131-05-003
Land Assessment
$28,676 (2024)
Improvements Assessment
$18,677 (2024)
Total Assessment
$47,353 (2024)
Annual Taxes
$4,342 ($0.75/SF)
Tax Year
2025
CONTACTS
-
Connor Knutson -
Lindsey Santaularia -
Annie Joseph -
Josh Newell -
Pinnacle Real Estate Advisors
1 of 31
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
538 S Ames St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.