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8th Place Commons 7515 W 8th Pl 20 Unit Apartment Building $3,600,000 ($180,000/Unit) 6.81% Cap Rate Lakewood, CO 80214
Investment Highlights
- All 2 Bed 1 Bath Units
- 3 Single Story Buildings with Front & Rear Entry Doors
- Ample Off-Steet Parking
- 6.81% Current CAP Rate!
- Individually Metered for Gas & Electric
- Nearby Retail and Restaurants along Colfax & Wadsworth Corridor
Executive Summary
JUST LISTED! This multifamily property at 7515 W 8th Place features (20) 2-bedroom, 1-bath units with strong, consistent tenant demand. The asset delivers a 6.81% Current CAP and consists of three single-story buildings. Each unit is individually metered for gas & electric with front and rear entrances. The property can be purchased individually or as a portfolio with 1289 Yukon Street, offering Buyers the opportunity to build scale in a desirable Lakewood location.
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Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$310,480
|
$19.15
|
| Other Income |
$25,200
|
$1.55
|
| Vacancy Loss |
$16,784
|
$1.04
|
| Effective Gross Income |
$318,896
|
$19.67
|
| Taxes |
$21,794
|
$1.34
|
| Operating Expenses |
$51,833
|
$3.20
|
| Total Expenses |
$73,627
|
$4.54
|
| Net Operating Income |
$245,269
|
$15.13
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $310,480 |
| Annual Per SF | $19.15 |
| Other Income | |
|---|---|
| Annual | $25,200 |
| Annual Per SF | $1.55 |
| Vacancy Loss | |
|---|---|
| Annual | $16,784 |
| Annual Per SF | $1.04 |
| Effective Gross Income | |
|---|---|
| Annual | $318,896 |
| Annual Per SF | $19.67 |
| Taxes | |
|---|---|
| Annual | $21,794 |
| Annual Per SF | $1.34 |
| Operating Expenses | |
|---|---|
| Annual | $51,833 |
| Annual Per SF | $3.20 |
| Total Expenses | |
|---|---|
| Annual | $73,627 |
| Annual Per SF | $4.54 |
| Net Operating Income | |
|---|---|
| Annual | $245,269 |
| Annual Per SF | $15.13 |
Property Facts
| Price | $3,600,000 | Building Class | C |
| Price Per Unit | $180,000 | Lot Size | 0.88 AC |
| Sale Type | Investment | Building Size | 15,455 SF |
| Cap Rate | 6.81% | No. Stories | 1 |
| No. Units | 20 | Year Built | 1960 |
| Property Type | Multifamily | Parking Ratio | 1.94/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | 5R | ||
| Price | $3,600,000 |
| Price Per Unit | $180,000 |
| Sale Type | Investment |
| Cap Rate | 6.81% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.88 AC |
| Building Size | 15,455 SF |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 1.94/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | 5R |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Storage Space
- Refrigerator
- Oven
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 20 | $1,243 | 535 |
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Property Taxes
| Parcel Number | 49-024-11-003 | Total Assessment | $240,409 (2024) |
| Land Assessment | $51,515 (2024) | Annual Taxes | $21,794 ($1.41/SF) |
| Improvements Assessment | $188,894 (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
49-024-11-003
Land Assessment
$51,515 (2024)
Improvements Assessment
$188,894 (2024)
Total Assessment
$240,409 (2024)
Annual Taxes
$21,794 ($1.41/SF)
Tax Year
2025
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8th Place Commons | 7515 W 8th Pl
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