1628 Eaton StLakewood, CO 80214

Property Details for 1628 Eaton St

Year built

1922

Construction

BRICK

Lot size

0.42 AC

Property size (Sq ft)

1,444 SF

Property type

Residential income properties

Property subtype

Residential income homes

APN

39-364-00-007

APU

3936400007

Description

This exceptional investment opportunity presents a rare .42-acre corner lot in Lakewood's desirable Edgewater/Sloan's Lake area. The property comprises a five-unit complex: a four-plex and a single-family home. The four-plex features two one-bedroom, one-bathroom units and two renovated two-bedroom, one-bathroom units, each boasting updated windows and new electrical panels. Individual electric meters are installed for each unit, and the building includes an on-site coin-operated laundry facility, ample outdoor space, and off-street parking. The single-family home, remodeled in 2020, offers 1,800 square feet of living space, three bedrooms, two bathrooms, a dedicated washer/dryer, an oversized garage, and a private backyard. Both buildings received new roofs in 2018. The property is zoned R-MF (Multi-Family Residential), allowing for potential subdivision or redevelopment. Its prime location offers residents easy access to Sloan's Lake recreational amenities, the vibrant Edgewater neighborhood's shops and restaurants, and the revitalized Colfax Avenue, providing diverse dining, shopping, and entertainment options. Downtown Denver is a short 10-minute drive away. This combination of location, existing income-generating units, and redevelopment potential makes this a truly exceptional investment opportunity in a highly sought-after Denver area. The total square footage is 4,806. The asking price is $1,300,000.

• CAP approach

  CAP return

  Valuation

  6%

  $329,061

  6.5%

  $303,749

  7%

  $282,052

• Comparable approach

  Method

  Valuation

  Relative Method

  $455,486

  Geo Method

  $184,920

• Alternative Use

  Use

  Valuation

  Residential

  $303,749

  Hospitality

  $278,232

  Educational

  $231,486

  Medical

  $239,447

  Retail

  $360,089

Location Insight

City

Lakewood

County

Jefferson

State

Colorado

Latitude

39.7424

Longitude

-105.059

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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