MLS# 7028479 – 85 Harlan Street, Lakewood, CO 80226

Courtesy of Altos Realty Advisors, Inc. chrisk@goaltos.com

Property Description

Description

7,128 Sqft

14,280 Sqft lot

0.33 Acre lot

Status: Active

Property Type: Multi-family

Year Built: 1959

Days on Website: 3

Listed by Altos Realty Advisors, this well-maintained, fully occupied 9-unit property offers consistent cash flow and exceptional upside potential. Featuring a desirable unit mix of 8 two-bedroom, one-bath units and 1 one-bedroom, one-bath unit, the property is priced at a 5.7% CAP rate with a market CAP rate opportunity exceeding 7%, making it a compelling investment in the thriving Lakewood area. Located just minutes from Denver, the property provides easy access to major highways, public transportation, and the RTD light rail. The vibrant neighborhood attracts tenants with its proximity to the Belmar Shopping District, Sloan’s Lake, and numerous parks and trails. With increasing rental demand and room for growth, this is a rare opportunity to secure a high-performing asset in a sought-after market. For more information or to schedule a showing, contact Altos Realty Advisors today!

Property Details and Features

Property Access

Road Frontage Type:

"Public"

Road Responsibility:

"Public Maintained Road"

Road Surface Type:

"Paved"

Building

Architectural Style:

"Urban Contemporary"

Building Class:

Class C

Building Name:

Norwood Apartments

Construction Materials:

"Brick", "Frame", "Stucco"

Effective Year Built:

1959

Features:

"Coin Laundry"

Occupant Type:

Tenant (Multiple)

Stories:

Structure Type:

"Low Rise (1-3)"

Total Area:

7128

Unit Count:

Unit Types:

"Array", "Array"

Units Furnished Total:

Built in 1959

9 total units

Disclosures

Attribution Contact:

chrisk@goaltos.com

Exclusions:

Tenants personal property

Expenses

Operating Expense Includes:

"Advertising", "Insurance", "Maintenance", "Personal Property Tax", "Professional Management", "Utilities"

Operating Expense:

$57,035

Projected Annual Expense:

$57,035

Home Owner's Association

Association Fee Total Annual:

Association Fee Annual:

0.00

Association Fee 2 Annual Expense:

0.00

Association Fee 3 Annual Expense:

0.00

Income

Actual Annual Net Income:

91411.00

Gross Income:

$148,447

Projected Annual Net Income:

$114,559

Projected Gross Income:

$166,938

Listing

Listing Id:

REC7028479

Standard Status:

Active

Mls Status:

Active

Listing Contract Date:

2025-01-17

Listing Terms:

"Cash", "Conventional"

Original List Price:

$1,595,000

Location

County Or Parish:

Jefferson

Lot

Acres:

0.33

Area:

14280

Features:

"Sprinklers In Front"

Parcel Number:

061433

Square Feet:

14280

Energy Saving

Green Verification Count:

Owner Pays

Owner Pays:

"Gas", "Trash Collection", "Water"

Parking

Parking Total:

Carport Spaces:

Offstreet Spaces:

Reserved Spaces:

RV Spaces:

Parking Count:

Features:

"Asphalt"

Possession

"Closing/DOD"

Property

Current Use:

"Residential"

Property Sub Type:

Multi-Family

Roof

Roof:

"Membrane"

Security Features

Features:

"Carbon Monoxide Detector(s)", "Security Lights", "Smoke Detector(s)"

Sewer

Sewer:

"Public Sewer"

Taxes

Annual Amount:

10317

Legal Description:

SECTION 12 TOWNSHIP 04 RANGE 69 QTR SW SIZE: 14280 VALUE: .328 KEY=115

Tax Year:

2023

Tenant Pays

Tenant Pays:

"Electricity", "Gas", "Trash Collection", "Water"

Utilities

Power Production Count:

Utilities:

"Electricity Connected", "Natural Gas Connected", "Sewer Connected"

Water Included

Water Source:

"Public"

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Contact an Agent

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Location

$1,595,000 -

85 Harlan Street Lakewood , CO 80226

County Or Parish: Jefferson

85 Harlan Street Lakewood , CO 80226

Property Description

Description

Open House

Open House

Property Details and Features

Property Details and Features

Contact an Agent

Location

Street View

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