5365 W 3rd Place, Lakewood, CO 80226

Local realty services provided by:Better Homes and Gardens Real Estate Kenney & Company
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5365 W 3rd Place,Lakewood, CO 80226
$795,000
  • 8 Beds
  • 4 Baths
  • 2,988 sq. ft.
  • Multi-family
  • Active
Listed by:michael hoovermike@maviunlimited.com,720-771-8061
Office:mavi unlimited inc
MLS#:6282231
Source:ML

Price summary

  • Price:$795,000
  • Price per sq. ft.:$266.06

About this home

Amazing investment opportunity, already performing at a 7% cap rate with current figures! Can be renovated and upgraded to allow for even better returns with higher rents. Current rents of about $1500 are just average for the neighborhood, so there is lots of room for upward improvement with the right vision. Would also be perfect someone looking to owner occupy 1 unit and rent out the other 3, and should qualify for FHA financing with this strategy. Each apartment has a washer/dryer in unit, and is metered separately for gas and electric, with 4 individual furnaces. Neighborhood provides quick access to Hwy 6, and then west to Golden or east to Denver. Perfect middle Lakewood location. When fully occupied, this should cash flow monthly assuming a 25% down mortgage. A rare find!

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Home facts

  • Year built:1961
  • Listing Id #:6282231

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Living area:2,988 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1961
  • Building area:2,988 sq. ft.

Schools

  • High school:Alameda Int'l
  • Middle school:Alameda Int'l
  • Elementary school:Deane

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$795,000
  • Price per sq. ft.:$266.06
  • Tax amount:$4,624 (2024)
MLS LogoBased on information submitted to the MLS GRID as of August 13, 2025 09:40 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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