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Sold for $1,275,000
  • $1,275,000

    1072 S Arbutus Street, Lakewood, CO 80228

    8beds
    8baths
    5,720sqft
    Quadruplex
    Built in 1969
    -- sqft lot
    $1,334,300 Zestimate®
    $223/sqft
    $2,117 Estimated rent

    Home value

    $1,334,300

    $1.21M - $1.45M

    $2,117/mo

    Zestimate® history
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    What's special

    Discover a hidden gem nestled in the coveted Green Mountain neighborhood of Lakewood—an outstanding 4-unit multifamily building that promises significant value-add potential. Perfectly positioned in a vibrant and sought-after area, this property is ideal for the savvy investor looking to capitalize on a high-performing asset. Situated in the heart of Green Mountain, this property enjoys proximity to parks, trails, shopping, dining, and excellent schools, making it highly desirable for tenants. Each of the four units boasts a generous floor plan, averaging around 1430 square feet, providing ample living space and comfort for residents. Every unit comes with its own garage, adding convenience and value for tenants. The upper units feature large decks perfect for relaxing and entertaining, while the lower units offer private, fenced backyards ideal for families and pet owners. This multifamily building represents a unique opportunity to acquire a well-maintained property in a high-demand location with excellent upside potential. Don’t miss your chance to invest in a property that combines strong current returns with the ability to significantly enhance profitability. Seize this opportunity to grow your portfolio in one of Lakewood’s finest neighborhoods. Contact us today to schedule a viewing and explore the possibilities this property has to offer!

    Zillow last checked:

    Listing updated:

    Listed by:

    Christopher Kooij 720-392-5663 chrisk@goaltos.com,

    Altos Realty Advisors, Inc.,

    Mike Kooij 720-836-9241,

    Altos Realty Advisors, Inc.

    Bought with:

    Christopher Kooij, 100089624

    Altos Realty Advisors, Inc.

    Arend K. Accola, 100037491

    Altos Realty Advisors, Inc.

    Source: REcolorado as distributed by MLS GRID,MLS#: 2049520MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 8
    Heating
    • Baseboard
    Cooling
    • None
    Appliances
    • Included: Convection Oven, Dishwasher
    • Laundry: In Unit
    Features
    • Flooring: Carpet, Laminate
    • Has basement: No
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 5,720
    • Total interior livable area: 5,720 sqft
    • Finished area above ground: 5,720

    Property

    Parking
    • Total spaces: 8
    • Parking features: Concrete
    • Details: Off Street Spaces: 8
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Deck
    • Exterior features: Balcony, Private Yard
    • Fencing: Full
    Lot
    • Size: 0.25 Acres
    Details
    • Parcel number: 089131
    • Zoning: RES
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional
    • Property subtype: Quadruplex
    • Attached to another structure: Yes
    Materials
    • Brick, Frame
    • Roof: Rolled/Hot Mop
    Condition
    • Year built: 1969

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected

    Community & HOA

    Community
    • Subdivision: Green Mountain
    HOA
    • Has HOA: No
    Location
    • Region: Lakewood

    Financial & listing details

    • Price per square foot: $223/sqft
    • Tax assessed value: $1,250,600
    • Annual tax amount: $6,072
    • Date on market: 6/18/2024
    • Listing terms: 1031 Exchange,Cash,Conventional
    • Exclusions: Tenants Personal Property
    • Ownership: Individual
    • Tenant pays: Electricity, Gas, Internet, Trash Collection, Water
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    11/15/2024Sold$1,275,000-7.3%$223/sqft
    Source: REcolorado as distributed by MLS GRID #2049520 Report a problem
    10/2/2024Pending sale$1,375,000$240/sqft
    Source: REcolorado as distributed by MLS GRID #2049520 Report a problem
    8/16/2024Price change$1,375,000-3.5%$240/sqft
    Source: REcolorado as distributed by MLS GRID #2049520 Report a problem
    6/18/2024Listed for sale$1,425,000+114.9%$249/sqft
    Source: REcolorado as distributed by MLS GRID #2049520 Report a problem
    11/2/2015Sold$663,200+70.9%$116/sqft
    Source: Public Record Report a problem
    3/17/1998Sold$388,000$68/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$6,103 +0.5%$78,162 +16.1%
    2024$6,072 +9.6%$67,325
    2023$5,541 -3.5%$67,325 +12.1%
    2022$5,744 +15.5%$60,058 -4.9%
    2021$4,973 $63,149 +15%
    2020$4,973 +1.3%$54,912
    2019$4,908 +15.3%$54,912 +19.2%
    2018$4,259 $46,080
    2017$4,259 +93.4%$46,080 +83.9%
    2016$2,202 +100%$25,059
    2015$1,101 -47.5%$25,059 +13.6%
    2014$2,097 -2.8%$22,065
    2013$2,157 +2.1%$22,065 -3.8%
    2012$2,113 -13.3%$22,925
    2011$2,437 +0.2%$22,925 -13.8%
    2010$2,432 +3.2%$26,600
    2009$2,358 +0.2%$26,600 +3.4%
    2008$2,352 -4.4%$25,720
    2007$2,460 +2.3%$25,720 -3.5%
    2006$2,404 -3.3%$26,660 -1%
    2005$2,485 +9.2%$26,940
    2004$2,277 -15.9%$26,940
    2003$2,706 +6.4%$26,940 +2%
    2001$2,544 -0.8%$26,420
    2000$2,565 $26,420
    Find assessor info on the county website

    Neighborhood: Green Mountainside

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Foothills
    • Middle: Dunstan
    • High: Green Mountain
    • District: Jefferson County R-1

    Source: REcolorado as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $1,334,300
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,334,300