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Oak Street Apartments 809-825 Oak St 12 Unit Apartment Building $1,950,000 ($162,500/Unit) 6.03% Cap Rate Lakewood, CO 80215
Investment Highlights
- Majority of kitchens and bathrooms renovated
- Blocks from Oak Street Light Rail Station
- Attractive unit mix with large 1 and 2 bedrooms
- All units above grade, brick construction, well maintained systems, newer windows
- Well located near Belmar shopping and dining as well as the Federal Center with over 6,000 employees
- Separately metered electric - tenants pay direct
Executive Summary
809–825 Oak Street is a well-maintained 12-unit apartment community in Lakewood. The property features durable brick construction, a desirable mix of spacious one- and two-bedroom units, and the majority of kitchens and bathrooms have been renovated. Updated windows, well-maintained building systems, and separately metered electric service further enhance the property’s efficiency and appeal.
Ideally located just blocks from the Oak Street Light Rail Station, the property provides residents with convenient access to downtown Denver, the Belmar shopping and dining district, and the Denver Federal Center, home to more than 6,000 employees.
Ideally located just blocks from the Oak Street Light Rail Station, the property provides residents with convenient access to downtown Denver, the Belmar shopping and dining district, and the Denver Federal Center, home to more than 6,000 employees.
Property Facts
| Price | $1,950,000 | Apartment Style | Low-Rise |
| Price Per Unit | $162,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.62 AC |
| Cap Rate | 6.03% | Building Size | 10,220 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | 5-R, Lakewood | ||
| Price | $1,950,000 |
| Price Per Unit | $162,500 |
| Sale Type | Investment |
| Cap Rate | 6.03% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.62 AC |
| Building Size | 10,220 SF |
| No. Stories | 2 |
| Year Built | 1961 |
| Opportunity Zone |
Yes |
| Zoning | 5-R, Lakewood |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 625 |
| 2+1 | 8 | - | 875 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 49-044-18-014 | Improvements Assessment | $88,613 |
| Land Assessment | $33,750 | Total Assessment | $122,363 |
Property Taxes
Parcel Number
49-044-18-014
Land Assessment
$33,750
Improvements Assessment
$88,613
Total Assessment
$122,363
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