Calling all INVESTORS!! CAP RATE of 5%!!!!! This investment opportunity is ready to produce income with NO additional capital expenditures! Unit '61' has been recently renovated. Update includes: shaker style kitchen cabinets complimented with quartz countertops and stainless steel appliances. Hardwood floors, new paint updated bathrooms! Newer roof, furnace, and hot water heater. The '61' unit is 3 bedroom and 1 bathroom with in-unit laundry. Current rent is $1,995 with lease expiring 4/21/24.
The '63' unit is 3 bedrooms and 1 bathroom with in unit laundry. Current rent is $1,795 with lease expiring 5/31/24.
This opportunity is perfect for an investor that wants to take on an easy to manage asset. 1 mile to Belmar Shopping Center, across from O'Kane Park, only 6.5 miles to Coors Field. INTERESTED IN MORE INCOME? The property around the corner is also FOR SALE (27-29 Newland Ct.). Opportunity to own all 4 units! Property is tenant occupied. Showings will be held by listing agent.
Sold for $710,400
$710,400
61 Newland Street, Lakewood, CO 80226
6beds
2baths
2,020sqft
Duplex
Built in 1962
-- sqft lot
$607,700 Zestimate®
$352/sqft
$2,718 Estimated rent
Home value
$607,700
$553,000 - $662,000
$2,718/mo
Zestimate® history
Owner options
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$2,718/mo
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$4,110/mo
Est. payment
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$4,110/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Steven Cerese 1303-590-8537 steve@cohomeorinvest.com,
Five Four Real Estate, LLC,
Brynn Cerese 802-522-8944,
Five Four Real Estate, LLC
Bought with:
Bryan Balducki, 100093256
eXp Realty, LLC
Source: REcolorado as distributed by MLS GRID,MLS#: 3384820
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
Heating
- Forced Air
Cooling
- None
Features
- Has basement: No
Interior area
- Total structure area: 2,020
- Total interior livable area: 2,020 sqft
- Finished area above ground: 2,020
Property
Parking
- Total spaces: 2
- Details: Off Street Spaces: 2
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.29 Acres
Details
- Parcel number: 060850
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
- Attached to another structure: Yes
Materials
- Brick
- Roof: Composition
Condition
- Year built: 1962
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Koehler
HOA
- Has HOA: No
Location
- Region: Lakewood
Financial & listing details
- Price per square foot: $352/sqft
- Tax assessed value: $611,551
- Annual tax amount: $2,713
- Date on market: 11/11/2023
- Listing terms: 1031 Exchange,Cash,Conventional,FHA,VA Loan
- Exclusions: Tenant's Personal Property
- Ownership: Corporation/Trust
- Tenant pays: Cable TV, Electricity, Gas, Grounds Care, Internet, Telephone, Trash Collection, Water
Price history
| Date | Event | Price |
|---|---|---|
| 7/7/2026 | Listing removed | $2,890$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/15/2026 | Price change | $2,890+1.4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/9/2026 | Price change | $2,850-1.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/27/2026 | Listed for rent | $2,900+3.6%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/23/2025 | Listing removed | $2,800$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/21/2024 | Price change | $2,800-6.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/2/2024 | Price change | $3,000+7.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/25/2024 | Price change | $2,800+7.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/17/2024 | Price change | $2,600-7.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/8/2024 | Listed for rent | $2,800+40.4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/6/2024 | Sold | $710,400+0.1%$352/sqft |
Source:  REcolorado as distributed by MLS GRID #3384820 Report a problem | ||
| 2/7/2024 | Pending sale | $710,000$351/sqft |
Source: REcolorado as distributed by MLS GRID #3384820 Report a problem | ||
| 11/11/2023 | Listed for sale | $710,000+2.8%$351/sqft |
Source: REcolorado as distributed by MLS GRID #3384820 Report a problem | ||
| 4/6/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 3/25/2023 | Price change | $1,995-4.8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/1/2023 | Listed for rent | $2,095$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/14/2022 | Sold | $690,900+245.4%$342/sqft |
Source: Public Record Report a problem | ||
| 1/19/2011 | Sold | $200,000$99/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,560 +0.5% | $38,222 +4.9% |
| 2024 | $3,543 +30.6% | $36,452 |
| 2023 | $2,713 -3.6% | $36,452 +33.4% |
| 2022 | $2,815 +9.4% | $27,332 -4.9% |
| 2021 | $2,574 | $28,739 +8.9% |
| 2020 | $2,574 +1.2% | $26,385 |
| 2019 | $2,543 +18.8% | $26,385 +22.5% |
| 2018 | $2,141 | $21,531 |
| 2017 | $2,141 +11.5% | $21,531 +6.4% |
| 2016 | $1,920 | $20,234 |
| 2015 | $1,920 +27% | $20,234 +36.5% |
| 2014 | $1,512 -6% | $14,821 |
| 2013 | $1,609 +1.9% | $14,821 -6.9% |
| 2012 | $1,579 | $15,920 |
| 2011 | -- | $15,920 -25.2% |
| 2010 | -- | $21,270 |
| 2009 | -- | $21,270 |
| 2008 | -- | $21,270 |
Find assessor info on the county website
Neighborhood: Okane Park
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Nearby schools
GreatSchools rating
- 4/10Rose Stein International ElementaryGrades: PK-6Distance: 0.3 mi
- 3/10Alameda International High SchoolGrades: 7-12Distance: 1.9 mi
Schools provided by the listing agent
- Elementary: Stein
- 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
$607,700
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
$607,700
- Colorado
- Jefferson County
- Lakewood
- 80226
- Okane Park
- 61 Newland Street
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