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8th Place Commons 7515 W 8th Pl 20 Unit Apartment Building $4,402,624 CAD ($220,131 CAD/Unit) 7.66% Cap Rate Lakewood, CO 80214
Investment Highlights
- All 2 Bed 1 Bath Units
- 3 Single Story Buildings with Front & Rear Entry Doors
- Ample Off-Steet Parking
- 7.62% Current CAP Rate!
- Individually Metered for Gas & Electric
- Nearby Retail and Restaurants along Colfax & Wadsworth Corridor
Executive Summary
HUGE PRICE REDUCTION! This multifamily property at 7515 W 8th Place features (20) 2-bedroom, 1-bath units with strong, consistent tenant demand. The asset delivers a 7.62% current CAP and consists of three single-story buildings. Each unit is individually metered for gas & electric with front and rear entrances. The property can be purchased individually or as a portfolio with 1289 Yukon Street, offering Buyers the opportunity to build scale in a desirable Lakewood location.
Data Room Click Here to Access
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$427,165
|
$26.35
|
| Other Income |
$34,671
|
$2.14
|
| Vacancy Loss |
$23,092
|
$1.42
|
| Effective Gross Income |
$438,744
|
$27.07
|
| Taxes |
$29,985
|
$1.85
|
| Operating Expenses |
$73,455
|
$4.53
|
| Total Expenses |
$103,440
|
$6.38
|
| Net Operating Income |
$335,304
|
$20.69
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $427,165 |
| Annual Per SF | $26.35 |
| Other Income (CAD) | |
|---|---|
| Annual | $34,671 |
| Annual Per SF | $2.14 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $23,092 |
| Annual Per SF | $1.42 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $438,744 |
| Annual Per SF | $27.07 |
| Taxes (CAD) | |
|---|---|
| Annual | $29,985 |
| Annual Per SF | $1.85 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $73,455 |
| Annual Per SF | $4.53 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $103,440 |
| Annual Per SF | $6.38 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $335,304 |
| Annual Per SF | $20.69 |
Property Facts
| Price | $4,402,624 CAD | Building Class | C |
| Price Per Unit | $220,131 CAD | Lot Size | 0.88 AC |
| Sale Type | Investment | Building Size | 15,455 SF |
| Cap Rate | 7.66% | No. Stories | 1 |
| No. Units | 20 | Year Built | 1960 |
| Property Type | Multifamily | Parking Ratio | 1.94/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | 5R | ||
| Price | $4,402,624 CAD |
| Price Per Unit | $220,131 CAD |
| Sale Type | Investment |
| Cap Rate | 7.66% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.88 AC |
| Building Size | 15,455 SF |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 1.94/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | 5R |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Storage Space
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 20 | $1,780 CAD | 675 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 49-024-11-003 | Total Assessment | $328,651 CAD (2024) |
| Land Assessment | $70,424 CAD (2024) | Annual Taxes | $29,985 CAD ($1.94 CAD/SF) |
| Improvements Assessment | $258,228 CAD (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
49-024-11-003
Land Assessment
$70,424 CAD (2024)
Improvements Assessment
$258,228 CAD (2024)
Total Assessment
$328,651 CAD (2024)
Annual Taxes
$29,985 CAD ($1.94 CAD/SF)
Tax Year
2025
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8th Place Commons | 7515 W 8th Pl
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