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Upham Apartments 1675 Upham St 8 Unit Apartment Building $2,045,758 CAD ($255,720 CAD/Unit) Lakewood, CO 80214
Executive Summary
Cushman & Wakefield is proud to present 1675 Upham Street, a compelling value-add multifamily investment opportunity in the heart of Lakewood, Colorado—a high-demand submarket within the Denver Metro. This 8-unit, two-story brick apartment building, constructed in 1961, is strategically located just off Wadsworth Boulevard and Colfax Avenue, offering both strong tenant demand and long-term upside potential. The unit mix consists of one studio, six 1-bedroom/1-bath units, and one 2-bedroom/1-bath unit, with an average unit size of 610 square feet. Additionally, the ownership has recently implemented utility bill-backs to tenants, enhancing NOI with no operational disruption. Recent capital improvements include a new roof, new boiler, updated gutters and downspouts, selective new appliances and fixtures, —all contributing to stabilized operations and lower near-term capex exposure. With strong physical fundamentals and embedded income growth, 1675 Upham is ideally suited for an investor seeking durable in-place cash flow with a clear path to value creation through unit renovations and operational optimization.
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Property Facts
| Price | $2,045,758 CAD | Building Class | C |
| Price Per Unit | $255,720 CAD | Lot Size | 0.30 AC |
| Sale Type | Investment | Building Size | 4,880 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1961 |
| Apartment Style | Low-Rise | Parking Ratio | 2.05/1,000 SF |
| Price | $2,045,758 CAD |
| Price Per Unit | $255,720 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 4,880 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 2.05/1,000 SF |
Amenities
Site Amenities
- Picnic Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 300 |
| 1+1 | 6 | - | 625 - 650 |
| 2+1 | 1 | - | 780 |
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Walk Score®
Very Walkable (71)
Bike Score®
Very Bikeable (77)
Property Taxes
| Parcel Number | 39-354-00-006 | Improvements Assessment | $92,456 CAD |
| Land Assessment | $23,962 CAD | Total Assessment | $116,418 CAD |
Property Taxes
Parcel Number
39-354-00-006
Land Assessment
$23,962 CAD
Improvements Assessment
$92,456 CAD
Total Assessment
$116,418 CAD
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Upham Apartments | 1675 Upham St
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