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Yukon Terrace Apartments 1289 Yukon St 20 Unit Apartment Building $2,700,000 ($135,000/Unit) 6.81% Cap Rate Lakewood, CO 80214
Investment Highlights
- 6.81% Current CAP Rate!
- Recent Improvements Including a New Roof
- Located on Large 0.61 Acre Lot with Ample Parking
- 500 Feet from Lakewood-Wadsworth Light Rail Station, Providing Direct Access to Downtown Denver and Golden
- Private Balconies for Every Unit
- 2 Miles from Belmar Shopping District, Offering Restaurants, Shops, Entertainment, and Grocery Options
Executive Summary
JUST LISTED! This 20-unit multifamily property in Lakewood is priced at $135,000/Unit, below recent comps in the area. The asset delivers a 6.81% Current CAP rate with upside potential. It sits 500 feet from a light rail station, which supports tenant demand and rental stability. Can be purchased individually or as a portfolio with 7515 W 8th Place, another 20-unit building nearby.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$261,240
|
$13.06
|
| Other Income |
$30,000
|
$1.50
|
| Vacancy Loss |
$14,562
|
$0.73
|
| Effective Gross Income |
$276,678
|
$13.83
|
| Taxes |
$18,907
|
$0.95
|
| Operating Expenses |
$73,856
|
$3.69
|
| Total Expenses |
$92,763
|
$4.64
|
| Net Operating Income |
$183,915
|
$9.20
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $261,240 |
| Annual Per SF | $13.06 |
| Other Income | |
|---|---|
| Annual | $30,000 |
| Annual Per SF | $1.50 |
| Vacancy Loss | |
|---|---|
| Annual | $14,562 |
| Annual Per SF | $0.73 |
| Effective Gross Income | |
|---|---|
| Annual | $276,678 |
| Annual Per SF | $13.83 |
| Taxes | |
|---|---|
| Annual | $18,907 |
| Annual Per SF | $0.95 |
| Operating Expenses | |
|---|---|
| Annual | $73,856 |
| Annual Per SF | $3.69 |
| Total Expenses | |
|---|---|
| Annual | $92,763 |
| Annual Per SF | $4.64 |
| Net Operating Income | |
|---|---|
| Annual | $183,915 |
| Annual Per SF | $9.20 |
Property Facts
| Price | $2,700,000 | Apartment Style | Low-Rise |
| Price Per Unit | $135,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.61 AC |
| Cap Rate | 6.81% | Building Size | 11,730 SF |
| No. Units | 20 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1973 |
| Property Subtype | Apartment | Parking Ratio | 2.05/1,000 SF |
| Price | $2,700,000 |
| Price Per Unit | $135,000 |
| 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 | 0.61 AC |
| Building Size | 11,730 SF |
| No. Stories | 3 |
| Year Built | 1973 |
| Parking Ratio | 2.05/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | $1,100 | 470 |
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Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (78)
Property Taxes
| Parcel Number | 49-022-14-008 | Total Assessment | $208,571 (2024) |
| Land Assessment | $35,494 (2024) | Annual Taxes | $18,907 ($1.61/SF) |
| Improvements Assessment | $173,077 (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
49-022-14-008
Land Assessment
$35,494 (2024)
Improvements Assessment
$173,077 (2024)
Total Assessment
$208,571 (2024)
Annual Taxes
$18,907 ($1.61/SF)
Tax Year
2025
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Yukon Terrace Apartments | 1289 Yukon St
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