Amazing investment opportunity, already performing at a 7% cap rate with current figures! Can be renovated and upgraded to allow for even better returns with higher rents. Current rents of about $1500 are just average for the neighborhood, so there is lots of room for upward improvement with the right vision.
Would also be perfect someone looking to owner occupy 1 unit and rent out the other 3, and should qualify for FHA financing with this strategy. Each apartment has a washer/dryer in unit, and is metered separately for gas and electric, with 4 individual furnaces. Neighborhood provides quick access to Hwy 6, and then west to Golden or east to Denver. Perfect middle Lakewood location.
When fully occupied, this should cash flow monthly assuming a 25% down mortgage. A rare find!
Sold for $768,250
$768,250
5365 W 3rd Place, Lakewood, CO 80226
8beds
4baths
2,988sqft
Quadruplex
Built in 1961
-- sqft lot
$754,600 Zestimate®
$257/sqft
$2,365 Estimated rent
Home value
$754,600
$709,000 - $807,000
$2,365/mo
Zestimate® history
Owner options
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$2,365/mo
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$2,365/mo
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$4,430/mo
Est. payment
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$4,430/mo
Est. payment
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Individual furnaces
Zillow last checked:
Listing updated:
Listed by:
Michael Hoover 720-771-8061 mike@maviunlimited.com,
Mavi Unlimited Inc
Bought with:
Bryan Balducki, 100093256
Coldwell Banker Realty 24
Source: REcolorado as distributed by MLS GRID,MLS#: 6282231
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Forced Air
Cooling
- None
Appliances
- Included: Dryer, Oven, Range, Refrigerator, Washer
- Laundry: In Unit
Features
- Has basement: No
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 2,988
- Total interior livable area: 2,988 sqft
- Finished area above ground: 2,988
Property
Parking
- Total spaces: 10
- Parking features: Asphalt
- Details: Off Street Spaces: 10
Features
- Levels: One
- Stories: 1
- Exterior features: Balcony, Elevator, Private Yard
- Fencing: Partial
Details
- Parcel number: 063489
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Block, Brick, Concrete, Frame
- Foundation: Block
- Roof: Composition
Condition
- Year built: 1961
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Carbon Monoxide Detector(s)
- Subdivision: North Alameda
HOA
- Has HOA: No
Location
- Region: Lakewood
Financial & listing details
- Price per square foot: $257/sqft
- Tax assessed value: $898,880
- Annual tax amount: $4,624
- Date on market: 7/9/2025
- Listing terms: 1031 Exchange,Cash,Conventional,FHA
- Exclusions: Tenant’s Personal Property
- Ownership: Individual
- Tenant pays: Electricity, Gas, Trash Collection, Water
Price history
| Date | Event | Price |
|---|---|---|
| 9/24/2025 | Sold | $768,250-3.4%$257/sqft |
Source:  REcolorado as distributed by MLS GRID #6282231 Report a problem | ||
| 8/20/2025 | Pending sale | $795,000$266/sqft |
Source: REcolorado as distributed by MLS GRID #6282231 Report a problem | ||
| 8/13/2025 | Price change | $795,000-3.6%$266/sqft |
Source: REcolorado as distributed by MLS GRID #6282231 Report a problem | ||
| 7/31/2025 | Price change | $825,000-5.7%$276/sqft |
Source: REcolorado as distributed by MLS GRID #6282231 Report a problem | ||
| 7/9/2025 | Listed for sale | $875,000+34.6%$293/sqft |
Source: REcolorado as distributed by MLS GRID #6282231 Report a problem | ||
| 2/19/2019 | Sold | $650,000+4%$218/sqft |
Source: Public Record Report a problem | ||
| 12/11/2018 | Listing removed | $1,150 |
Source: Go Section8 Report a problem | ||
| 11/7/2018 | Listed for rent | $1,150+15.6% |
Source: Go Section8 Report a problem | ||
| 7/14/2018 | Listing removed | $625,000$209/sqft |
Source: Your Castle Real Estate Inc #7750315 Report a problem | ||
| 6/18/2018 | Pending sale | $625,000$209/sqft |
Source: Your Castle Real Estate Inc #7750315 Report a problem | ||
| 6/11/2018 | Listed for sale | $625,000+123.2%$209/sqft |
Source: Your Castle Real Estate Inc #7750315 Report a problem | ||
| 11/5/2017 | Listing removed | $995 |
Source: Owner Report a problem | ||
| 10/25/2017 | Listed for rent | $995+4.7% |
Source: Owner Report a problem | ||
| 3/3/2016 | Listing removed | $950 |
Source: Denver Metro Realty Executives, LLC Report a problem | ||
| 1/8/2016 | Listed for rent | $950+12.4% |
Source: Denver Metro Realty Executives, LLC Report a problem | ||
| 4/8/2014 | Listing removed | $845 |
Source: Denver Metro Realty Executives, LLC Report a problem | ||
| 2/21/2014 | Listed for rent | $845+40.8% |
Source: Denver Metro Realty Executives, LLC Report a problem | ||
| 8/12/2013 | Listing removed | $600 |
Source: Zillow Rental Network Report a problem | ||
| 8/9/2013 | Listed for rent | $600-29.4% |
Source: Zillow Rental Network Report a problem | ||
| 5/29/2013 | Listing removed | $850 |
Source: Denver Metro Realty Executives, LLC Report a problem | ||
| 5/21/2013 | Listed for rent | $850 |
Source: Denver Metro Realty Executives, LLC Report a problem | ||
| 3/11/2013 | Sold | $280,000-3.4%$94/sqft |
Source: Public Record Report a problem | ||
| 11/6/2012 | Listed for sale | $289,900-1.7%$97/sqft |
Source: METRO BROKERS DTC #1141446 Report a problem | ||
| 10/4/2012 | Listing removed | $295,000$99/sqft |
Source: METRO BROKERS DTC #1118904 Report a problem | ||
| 11/12/2011 | Listed for sale | $295,000+3.5%$99/sqft |
Source: METRO BROKERS DTC #1049326 Report a problem | ||
| 10/13/2004 | Sold | $285,000+11.8%$95/sqft |
Source: Public Record Report a problem | ||
| 10/8/1998 | Sold | $255,000$85/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,624 +0.5% | $56,180 +18.6% |
| 2024 | $4,602 +7.4% | $47,353 |
| 2023 | $4,284 -3.6% | $47,353 +9.7% |
| 2022 | $4,446 +32.8% | $43,166 -4.9% |
| 2021 | $3,348 | $45,388 +32.2% |
| 2020 | $3,348 +1.2% | $34,320 |
| 2019 | $3,308 +15.5% | $34,320 +19.2% |
| 2018 | $2,863 -16.5% | $28,800 |
| 2017 | $3,427 +61.8% | $28,800 +29% |
| 2016 | $2,119 +100% | $22,328 |
| 2015 | $1,059 -52.9% | $22,328 +1.2% |
| 2014 | $2,251 -2.8% | $22,065 |
| 2013 | $2,317 +1.9% | $22,065 -3.8% |
| 2012 | $2,274 -11.3% | $22,925 |
| 2011 | $2,562 +0.2% | $22,925 -11.8% |
| 2010 | $2,558 -5.6% | $25,990 |
| 2009 | $2,710 +0.2% | $25,990 -5.4% |
| 2008 | $2,704 +2.9% | $27,470 |
| 2007 | $2,629 +2.2% | $27,470 +3.7% |
| 2006 | $2,573 -3.1% | $26,480 -1% |
| 2005 | $2,655 +8.5% | $26,750 |
| 2004 | $2,448 +16% | $26,750 |
| 2003 | $2,109 +1.4% | $26,750 +17.6% |
| 2002 | $2,079 +3.7% | $22,750 +17.2% |
| 2001 | $2,005 -0.4% | $19,410 |
| 2000 | $2,014 | $19,410 |
Find assessor info on the county website
Neighborhood: 80226
Nearby homes
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- $--2 bd1 ba750 sqft5365 W 3rd Pl APT 4, Lakewood, CO 80226Off Market
- $--2 bd1 ba750 sqft5365 W 3rd Pl APT 2, Lakewood, CO 80226Off Market
- $--2 bd1 ba662 sqft5365 W 3rd Pl APT 3, Lakewood, CO 80226Off Market
- $849,5008 bd4 ba2.9k sqft5375 W 3rd Pl, Lakewood, CO 80226Sold
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- $--2 bd1 ba1.4k sqft5375 W 3rd Pl #3, Denver, CO 80226Off Market
- $--2 bd1 ba900 sqft5345 W 3rd Pl #2, Denver, CO 80226Off Market
Nearby schools
GreatSchools rating
- 4/10Deane Elementary SchoolGrades: PK-6Distance: 1.1 mi
- 3/10Alameda International High SchoolGrades: 7-12Distance: 2.5 mi
Schools provided by the listing agent
- Elementary: Deane
- Middle: Alameda Int'l
- High: Alameda Int'l
- 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
$754,600
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Estimated market value
$754,600
- Colorado
- Jefferson County
- Lakewood
- 80226
- 5365 W 3rd Place
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