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$1,800,000

  • For Sale
  • Active
  • Commercial Multi-Family
  • 8,590 Sq. Ft.
  • 26 Parking Spaces
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Located in the heart of Lakewood, Colorado, 1045 Balsam Street is an 11-unit multifamily property offering a strong value-add opportunity for investors. The unit mix consist of one studio, four one-bedroom/one-bath units, and six two-bedroom/two-bath units, providing a diverse range of options for tenants in a highly sought-after rental market. The property is well-positioned for upside through both interior/exterior renovations and rental increases. Current rents are below market, and updating the units offers a clear path to enhancing both income and asset value. The location is another key strength, with convenient access to major roadways and public transportation. This property represents a rare chance to acquire a well-located multifamily asset with immediate potential for increased cash flow and long-term appreciation. With strong rental demand in the area and a clear opportunity to improve performance through strategic upgrades, 1045 Balsam Street is a compelling addition to any investment portfolio.

Full Property Details for 1045 Balsam St

General

  • Price: $1,800,000
  • Taxes: $8,661 (2024)
  • Status: Active
  • Type: Commercial Multi-Family
  • Source: MetroList_Colorado
  • MLS ID: 3283710
  • Updated: 8/25/2025
  • Added to Site: 146 day(s) ago

Additional Information

  • Security/Safety: Carbon Monoxide Detector(s), Smoke Detector(s)

Parking

  • Total Spaces: 26

Location

  • County: Jefferson

Community

  • Pets Allowed: Yes

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable Available, Electricity Connected, Sewer Connected

Structural Information

  • Architectural Style: Traditional
  • Structure Type: Low Rise (1-3)
  • Construction: Brick, Frame
  • Roof: Membrane
  • Stories/Levels: 2
  • Square Feet: 8,590
  • Current Bldg. Use: Multi-Family
  • Year Built: 1960

Lot Features

  • Lot Size (Acres): 0.46
  • Lot Size (Sq. Ft.): 19,950
  • Frontage: Public
  • Street/Road Desc.: Paved
  • Road Maintenance: Public Maintained Road

Financial Considerations

  • Tax Amount: $8,661
  • Tax Year: 2024
  • Terms: Cash, Conventional
  • Owner Pays: Gas, Trash Collection, Water
  • Tenant Pays: Electricity, Internet

Disclosures and Reports

  • Legal Description: SECTION 02 TOWNSHIP 04 RANGE 69 QTR NW SUBDIVISIONCD 442600 SUBDIVISIONNAME LAKEWOOD BLOCK 092 LOT 0009 SIZE: 3125 TRACT VALUE: .072 SECTION 02 TOWNSHIP 04 RANGE 69 SUBDIVISIONCD 442600 SUBDIVISIONNAME LAKEWOOD BLOCK 092 LOT SIZE: 1200 TRACT 0AD VALUE: .028 SECTION 02 TOWNSHIP 04 RANGE 69 SUBDIVISIONCD 442600 SUBDIVISIONNAME LAKEWOOD BLOCK 092 LOT 0010 SIZE: 3125 TRACT VALUE: .072 SECTION 02 TOWNSHIP 04 RANGE 69 SUBDIVISIONCD 442600 SUBDIVISIONNAME LAKEWOOD BLOCK 092 LOT 0011 SIZE: 3125 TRACT VALUE: .072 SECTION 02 TOWNSHIP 04 RANGE 69 SUBDIVISIONCD 442600 SUBDIVISIONNAME LAKEWOOD BLOCK 092 LO
  • Exclusions: Personal property.
  • Property ID: 52032

Listed by Unique Properties LLC

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Listing agents

— 1045 Balsam St —

  • Unique Properties LLC

  • Unique Properties LLC

303-321-5888

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1045 Balsam St

School District:Jefferson County School District R-1
NameGradesDistance
Eiber Elementary School
1385 Independence Street, Lakewood, CO 80215
K-51 mi
Creighton Middle School
75 Independence Street, Lakewood, CO 80226
6-81.4 mi
Lakewood High School
9700 West 8th Avenue, Lakewood, CO 80215
9-121 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Tax History for 1045 Balsam St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,661
1%
$95,545
—
2023
$8,617
11%
$95,545
14%
2022
$7,742
-4%
$83,926
-5%
2021
$8,026
—
$88,245
10%
2021
$8,026
12%
$80,223
—
2019
$7,171
40%
$80,223
45%
2018
$5,124
14%
$55,440
—
2017
$4,503
-10%
$55,440
-3%
2016
$4,981
-1%
$57,216
—
2015
$5,029
8%
$57,216
17%
2014
$4,657
—
$49,009
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1045 Balsam St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Unique Properties LLC

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1045 Balsam Street, Lakewood, CO 80214 (MLS# 3283710) is a Commercial Multi-Family property. 1045 Balsam Street is currently listed for $1,800,000 and was received on August 25, 2025. Want to learn more about 1045 Balsam Street? Do you have questions about finding other Commercial Multi-Family real estate for sale in Lakewood? You can browse all Lakewood real estate or contact a Coldwell Banker agent to request more information.

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