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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

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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.

7515 W 8th - OM (EMAIL)

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 State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
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 State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	5R

Unit Amenities

Air Conditioning
Cable Ready

Storage Space

Refrigerator

Oven

Site Amenities

24 Hour Access
Controlled Access

Tenant Controlled HVAC

Smoke Free

Smoke Detector

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
2+1	20	$1,243	535

1 1

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