$1,350,000

1201 Brentwood Street, Lakewood, CO 80214

5,946 sqft

Multi-Family Home
Built in 1960
0.29acre lot
—— car garage
$227/sqft
Listed 15 days ago

Property Description

6.69% proforma cap rate • 8-unit multifamily • Eiber neighborhood, Lakewood. Stabilized 8-unit apartment community in Lakewood's Eiber neighborhood offering immediate cash flow and rent growth potential. Current gross rents of $124,416/yr are below market at $136,800/yr proforma — a built-in value-add opportunity without renovation required. NOI of $90,310 and pre-tax cash flow of $32,034 based on 60% LTV financing at 6.0%. Priced at $168,750/unit and $281/SF on a 12,500 SF lot. Unit mix: four 1BD/500 SF at $1,080 current ($1,200 market) and four 2BD/700 SF at $1,512 current ($1,650 market). Located in the Eiber neighborhood with direct access to the Garrison light rail station (W Colfax line) and quick connections to I-70 and US-6. Mint & Serif Coffee and Brynmor Coffee within 0.4 mi on Carr St. Natural Grocers on W Colfax within 0.7 mi. Sloan's Lake Park 2.5 mi east; Crown Hill Park 1.5 mi north. 40 West Arts District nearby on Colfax. Downtown Denver approx. 15 min. Jefferson County. Jeffco Public Schools district.

Listing Status:: Active
Data Last Updated:: May 20, 2026 at 7:19AM
Listing Office:: Compass - Denver : 303-536-1786
Listing Agent:: Josh Steck : 303-885-3934
MLS ID:: 5312588

Parking: Parking spaces: 8

Roofing: Shingle

Originating MLS: recolorado
County: Jefferson

Zoning: SECTION 02 TOWNSHIP 04 RANGE 69 QTR NW SUBDIVISIONCD 442600 SUBDIVISIONNAME LAKEWOOD BLOCK 094 LOT 0021 SIZE: 3125 TRACT VALUE: .072 SECTION 02 TOWNSHIP 04 RANGE 69 SUBDIVISIONCD 442600 SUBDIVISIONNAME LAKEWOOD BLOCK 094 LOT 0022 SIZE: 3125 TRACT VAL UE: .072 SECTION 02 TOWNSHIP 04 RANGE 69 SUBDIVISIONCD 442600 SUBDIVISIONNAME LAKEWOOD BLOCK 094 LOT 0023 SIZE: 3125 TRACT VALUE: .072 SECTION 02 TOWNSHIP 04 RANGE 69 SUBDIVISIONCD 442600 SUBDIVISIONNAME LAKEWOOD BLOCK 094 LOT 0024 SIZE: 3125 TRACT V ALUE: .072050903
Current Use: Multi-Family

Sewer: Public Sewer

Source: recolorado
Exclusions: Tenant's Personal Property and Seller's Personal Property

This listing courtesy of Josh Steck , Compass - Denver

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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