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$768,250
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Property Description
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!
Full Property Details
Full Property Details for 5365 W 3rd Pl
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General
- Sold For: $768,250
- Taxes: $4,624 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MetroList_Colorado
- MLS ID: 6282231
- Added to Site: 192 day(s) ago
Interior
- Appliances: Dryer, Oven, Range, Refrigerator, Washer
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 8
Other Rooms
- Laundry: In Unit
Additional Information
- Security/Safety: Carbon Monoxide Detector(s)
Exterior
- Exterior Features: Balcony, Elevator, Private Yard
Parking
- Total Spaces: 10
- Parking Features: Asphalt
Location
- County: Jefferson
- Subdivision: North Alameda
- Driving Directions: From 6th Ave take the Sheridan exit, and head south. Take a right onto 4th Ave, and your first left on Ames, then another right onto 3rd Pl. 2nd building on the right hand side.
School Information
- Elem School District: Jefferson County R-1
- Midd School District: Jefferson County R-1
- High School District: Jefferson County R-1
- Elementary School: Deane
- Middle School: Alameda Int'l
- High School: Alameda Int'l
Community
- Pets Allowed: Yes
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Structure Type: Quadruplex
- Construction: Block, Brick, Concrete, Frame
- Roof: Composition
- Common Walls: 1 Common Wall
- Square Feet: 2,988
- Sq. Ft. Source: Public Records
- Living Area: 2,988 Sq. Ft.
- Year Built: 1961
Lot Features
- Fence: Yes
- Fencing (Description): Partial
Financial Considerations
- Operating Expenses: Maintenance, Utilities
- Tax Amount: $4,624
- Tax Year: 2024
- Terms: 1031 Exchange, Cash, Conventional, FHA
- Owner Pays: Grounds Care, Insurance, Trash Collection, Water
- Tenant Pays: Electricity, Gas, Trash Collection, Water
Disclosures and Reports
- Ownership: Individual
- Special Conditions: None
- Legal Description: SECTION 12 TOWNSHIP 04 RANGE 69 QTR NE SUBDIVISIONCD 750400 SUBDIVISIONNAME TILLETS BLOCK LOT 0006 SIZE: 3762 TRACT 00C VALUE: .086 SECTION 12 TOWNSHIP 04 RANGE 69 QTR NE SUBDIVISIONCD 750400 SUBDIVISIONNAME TILLETS BLOCK LOT 0007 SIZE: 4031 TRACT 00C VALUE: .093
- Exclusions: Tenant’s personal property
- Property ID: 63489
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 5365 W 3rd Pl
School District:Jefferson County School District R-1
| Name | Grades | Distance |
|---|---|---|
Deane Elementary School 580 South Harlan Street, Lakewood, CO 80226 | K-6 | 1.1 mi |
Alameda International High School 1255 South Wadsworth Boulevard, Lakewood, CO 80232 | 7-12 | 2.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
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5365 W 3rd Place, Lakewood, CO 80226 (MLS# 6282231) is a Multi-Family property that was sold at $768,250 on September 24, 2025. This property was sold by Bryan Balducki from our South Metro Office.Want to learn more about 5365 W 3rd Place? Do you have questions about finding other 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.