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8th Place Commons 7515 W 8th Pl 20 Unit Apartment Building $4,936,176 CAD ($246,809 CAD/Unit) 6.81% 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
- 6.81% Current CAP Rate!
- Individually Metered for Gas & Electric
- Nearby Retail and Restaurants along Colfax & Wadsworth Corridor
Executive Summary
JUST LISTED! This multifamily property at 7515 W 8th Place features (20) 2-bedroom, 1-bath units with strong, consistent tenant demand. The asset delivers a 6.81% 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 |
$425,718
|
$26.26
|
| Other Income |
$34,553
|
$2.13
|
| Vacancy Loss |
$23,014
|
$1.42
|
| Effective Gross Income |
$437,257
|
$26.98
|
| Taxes |
$29,883
|
$1.84
|
| Operating Expenses |
$71,071
|
$4.38
|
| Total Expenses |
$100,954
|
$6.23
|
| Net Operating Income |
$336,303
|
$20.75
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $425,718 |
| Annual Per SF | $26.26 |
| Other Income (CAD) | |
|---|---|
| Annual | $34,553 |
| Annual Per SF | $2.13 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $23,014 |
| Annual Per SF | $1.42 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $437,257 |
| Annual Per SF | $26.98 |
| Taxes (CAD) | |
|---|---|
| Annual | $29,883 |
| Annual Per SF | $1.84 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $71,071 |
| Annual Per SF | $4.38 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $100,954 |
| Annual Per SF | $6.23 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $336,303 |
| Annual Per SF | $20.75 |
Property Facts
| Price | $4,936,176 CAD | Building Class | C |
| Price Per Unit | $246,809 CAD | Lot Size | 0.88 AC |
| Sale Type | Investment | Building Size | 15,455 SF |
| Cap Rate | 6.81% | 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 | $4,936,176 CAD |
| Price Per Unit | $246,809 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 | 0.88 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 | $1,704 CAD | 535 |
1 1
Property Taxes
| Parcel Number | 49-024-11-003 | Total Assessment | $327,817 CAD (2024) |
| Land Assessment | $70,245 CAD (2024) | Annual Taxes | $29,883 CAD ($1.93 CAD/SF) |
| Improvements Assessment | $257,572 CAD (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
49-024-11-003
Land Assessment
$70,245 CAD (2024)
Improvements Assessment
$257,572 CAD (2024)
Total Assessment
$327,817 CAD (2024)
Annual Taxes
$29,883 CAD ($1.93 CAD/SF)
Tax Year
2025
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8th Place Commons | 7515 W 8th Pl
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