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Yukon Terrace Apartments 1289 Yukon St 20 Unit Apartment Building $3,714,714 CAD ($185,736 CAD/Unit) 6.81% Cap Rate Lakewood, CO 80214
Investment Highlights
- 6.81% Current CAP Rate!
- Recent Improvements Including a New Roof
- Located on Large 0.61 Acre Lot with Ample Parking
- 500 Feet from Lakewood-Wadsworth Light Rail Station, Providing Direct Access to Downtown Denver and Golden
- Private Balconies for Every Unit
- 2 Miles from Belmar Shopping District, Offering Restaurants, Shops, Entertainment, and Grocery Options
Executive Summary
JUST LISTED! This 20-unit multifamily property in Lakewood is priced at $135,000/Unit, below recent comps in the area. The asset delivers a 6.81% Current CAP rate with upside potential. It sits 500 feet from a light rail station, which supports tenant demand and rental stability. Can be purchased individually or as a portfolio with 7515 W 8th Place, another 20-unit building nearby.
Data Room Click Here to Access
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$359,419
|
$17.97
|
| Other Income |
$41,275
|
$2.06
|
| Vacancy Loss |
$20,035
|
$1.00
|
| Effective Gross Income |
$380,659
|
$19.03
|
| Taxes |
$26,013
|
$1.30
|
| Operating Expenses |
$101,613
|
$5.08
|
| Total Expenses |
$127,625
|
$6.38
|
| Net Operating Income |
$253,034
|
$12.65
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $359,419 |
| Annual Per SF | $17.97 |
| Other Income (CAD) | |
|---|---|
| Annual | $41,275 |
| Annual Per SF | $2.06 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $20,035 |
| Annual Per SF | $1.00 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $380,659 |
| Annual Per SF | $19.03 |
| Taxes (CAD) | |
|---|---|
| Annual | $26,013 |
| Annual Per SF | $1.30 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $101,613 |
| Annual Per SF | $5.08 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $127,625 |
| Annual Per SF | $6.38 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $253,034 |
| Annual Per SF | $12.65 |
Property Facts
| Price | $3,714,714 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $185,736 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.61 AC |
| Cap Rate | 6.81% | Building Size | 11,730 SF |
| No. Units | 20 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1973 |
| Property Subtype | Apartment | Parking Ratio | 2.05/1,000 SF |
| Price | $3,714,714 CAD |
| Price Per Unit | $185,736 CAD |
| 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 | 0.61 AC |
| Building Size | 11,730 SF |
| No. Stories | 3 |
| Year Built | 1973 |
| Parking Ratio | 2.05/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | $1,513 CAD | 470 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 49-022-14-008 | Total Assessment | $284,576 CAD (2024) |
| Land Assessment | $48,428 CAD (2024) | Annual Taxes | $26,013 CAD ($2.22 CAD/SF) |
| Improvements Assessment | $236,148 CAD (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
49-022-14-008
Land Assessment
$48,428 CAD (2024)
Improvements Assessment
$236,148 CAD (2024)
Total Assessment
$284,576 CAD (2024)
Annual Taxes
$26,013 CAD ($2.22 CAD/SF)
Tax Year
2025
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Yukon Terrace Apartments | 1289 Yukon St
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