Investment alert in Lakewood! Sitting just minutes from Belmar, 6th Ave, and all the shops, dining, and parks Lakewood has to offer, this 3,050 sq ft quadplex at 5480 W 3rd Place is the kind of opportunity that does not hit the market often. Featuring four 2-bed, 1-bath units with strong rental history and projected income over $80K, this turnkey multifamily property is ideal for house hackers, seasoned investors, or anyone ready to build long-term wealth. Priced at $919,900, this cash-flowing gem is a rare find in one of Metro Denver’s hottest rental pockets—let’s get you in before someone else locks this down!
Sold for $875,000
$875,000
5480 W 3rd Place, Lakewood, CO 80226
8beds
4baths
3,050sqft
Quadruplex
Built in 1961
-- sqft lot
$866,800 Zestimate®
$287/sqft
$2,022 Estimated rent
Home value
$866,800
$815,000 - $927,000
$2,022/mo
Zestimate® history
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$2,022/mo
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$5,173/mo
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$5,173/mo
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Zillow last checked:
Listing updated:
Listed by:
Raul Ochoa 720-434-0221 Raulochoa2@kw.com,
Keller Williams Advantage Realty LLC
Bought with:
Stuart Crowell, 100073154
Compass - Denver
Source: REcolorado as distributed by MLS GRID,MLS#: 2206804
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Forced Air, Hot Water
Cooling
- None
Appliances
- Included: Dishwasher, Disposal, Refrigerator
Features
- Has basement: No
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 3,050
- Total interior livable area: 3,050 sqft
- Finished area above ground: 3,050
Property
Parking
- Total spaces: 4
- Details: Off Street Spaces: 4
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio
- Exterior features: Balcony, Rain Gutters
Lot
- Size: 7,797 Square Feet
Details
- Parcel number: 110397
- Zoning: MLT USES
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Brick
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Year built: 1961
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Tittes
HOA
- Has HOA: No
Location
- Region: Lakewood
Financial & listing details
- Price per square foot: $287/sqft
- Tax assessed value: $898,880
- Annual tax amount: $4,547
- Date on market: 10/31/2025
- Listing terms: 1031 Exchange,Cash,Conventional,FHA,VA Loan
- Exclusions: Tenants Property
- Ownership: Individual
- Tenant pays: Electricity, Internet
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 12/17/2025 | Sold | $875,000-4.9%$287/sqft |
Source:  REcolorado as distributed by MLS GRID #2206804 Report a problem | ||
| 11/18/2025 | Pending sale | $919,900$302/sqft |
Source: REcolorado as distributed by MLS GRID #2206804 Report a problem | ||
| 10/30/2025 | Listed for sale | $919,900+22.7%$302/sqft |
Source: REcolorado as distributed by MLS GRID #2206804 Report a problem | ||
| 8/16/2021 | Sold | $750,000+150%$246/sqft |
Source: Public Record Report a problem | ||
| 5/21/2014 | Sold | $300,000-11.8%$98/sqft |
Source: Public Record Report a problem | ||
| 9/15/2003 | Sold | $340,000+17.2%$111/sqft |
Source: Public Record Report a problem | ||
| 11/19/2002 | Sold | $290,000+65.7%$95/sqft |
Source: Public Record Report a problem | ||
| 7/12/1995 | Sold | $175,000+45.8%$57/sqft |
Source: Public Record Report a problem | ||
| 1/6/1994 | Sold | $120,000$39/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,547 +0.5% | $56,180 +20.6% |
| 2024 | $4,525 +21.5% | $46,565 |
| 2023 | $3,726 -3.6% | $46,565 +24.1% |
| 2022 | $3,866 +15.5% | $37,536 -4.9% |
| 2021 | $3,348 | $39,468 +15% |
| 2020 | $3,348 +1.2% | $34,320 |
| 2019 | $3,308 +15.5% | $34,320 +19.2% |
| 2018 | $2,863 | $28,800 |
| 2017 | $2,863 +26.7% | $28,800 +20.9% |
| 2016 | $2,260 | $23,816 |
| 2015 | $2,260 +0.4% | $23,816 +7.9% |
| 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 -2.7% | $25,990 |
| 2009 | $2,631 +0.2% | $25,990 -2.5% |
| 2008 | $2,625 -0.2% | $26,660 -2.9% |
| 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
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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
$866,800
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
$866,800
- Colorado
- Jefferson County
- Lakewood
- 80226
- 5480 W 3rd Place
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