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705 Moore St 4 Unit Apartment Building $935,000 ($233,750/Unit) 5.46% Cap Rate Denver, CO 80215
Investment Highlights
- Extensive recent capital expenditures: Roof & gutters (2026), boiler & hot water heater (2023), landscaping & irrigation (2024), replaced GE electical
- Private patios or balconies for each unit
- Premium landscaping for elevated feel and better tenant retention
- Separately metered electric with tenants paying directly
- Laundry on-site for tenants
Executive Summary
705 Moore Street is a clean 4-unit brick multifamily building situated in a quiet residential pocket of Lakewood, Colorado. Built in 1961, the property consists entirely of 2-bedroom/1-bathroom units, offering spacious and functional floor plans well-suited to the area’s renter demand. The property sits on a spacious 9,038 square foot lot with well-manicured landscaping and a private feel that distinguishes it from larger apartment communities. Ground-floor units feature private patios that open directly to the fenced yard and upper-floor units feature private balconies, adding a lifestyle amenity that supports tenant retention and market-rate rents.
The property is 100% occupied and largely turn-key, having benefited from a concentrated period of capital investment. A new roof and gutters were completed in 2026, a new boiler and hot water heater were installed in 2023-22, and a new irrigation system and landscaping were completed in 2024. New electrical panels have been installed and half of the plumbing has been fully replaced. Two and a half units have been fully renovated. The building is separately metered for electric while other utilities are billed back to tenants. This investment is well suited for the passive investor who wants little to no deferred maintenance on day 1 of ownership with cash flow, or an owner occupant who wants to live in a unit.
The property is 100% occupied and largely turn-key, having benefited from a concentrated period of capital investment. A new roof and gutters were completed in 2026, a new boiler and hot water heater were installed in 2023-22, and a new irrigation system and landscaping were completed in 2024. New electrical panels have been installed and half of the plumbing has been fully replaced. Two and a half units have been fully renovated. The building is separately metered for electric while other utilities are billed back to tenants. This investment is well suited for the passive investor who wants little to no deferred maintenance on day 1 of ownership with cash flow, or an owner occupant who wants to live in a unit.
Property Facts
| Price | $935,000 | Building Class | C |
| Price Per Unit | $233,750 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 4,306 SF |
| Cap Rate | 5.46% | No. Stories | 2 |
| No. Units | 4 | Year Built | 1961 |
| Property Type | Multifamily | Parking Ratio | 1.63/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise |
| Price | $935,000 |
| Price Per Unit | $233,750 |
| Sale Type | Investment |
| Cap Rate | 5.46% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 4,306 SF |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.63/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 795 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 49-044-17-011 | Improvements Assessment | $44,883 |
| Land Assessment | $11,298 | Total Assessment | $56,181 |
Property Taxes
Parcel Number
49-044-17-011
Land Assessment
$11,298
Improvements Assessment
$44,883
Total Assessment
$56,181
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