Multifamily Property for Sale in Lakewood, CO

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Lakewood, CO 80226

Description

5530 W 3rd Pl presents investors with the opportunity to acquire a well-located workforce housing asset in the central Lakewood corridor with a clear path to income growth through below-market in-place rents. With rents materially below renovated comparable properties, a new owner can achieve meaningful NOI expansion through modest interior improvements and natural lease rollover, delivering early yield growth within a stable renter demand segment. Investment Highlights: • Workforce housing with attainable rents around $1,300, offering affordability in West Denver near major employment hubs. • All two-bedroom units enable a consistent, repeatable renovation plan that minimizes complexity. • Priced at $206,250/unit, offering an attractive entry point with strong value-add and rent-growth potential.

Market Context

This multifamily in Lakewood, CO is listed for sale. It is offered at an approximate 5.2% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 67 days. Compare it against other multifamily listings for sale in Lakewood, CO — <a href="/search/sale/multifamily/colorado/lakewood">view the full market</a>.

As of Q4 2025, the Denver multifamily market showed cap rates around 5.3%. Source: Consensus Q4 2025 market report.

Its 5.2% asking cap rate is in line with the Denver multifamily market average of about 5.3%.

Multifamily market FAQ

What is the typical cap rate for multifamily in Denver?
About 5.3% as of Q4 2025, per Consensus.

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