1628 Eaton Street
Lakewood, CO, 80214 $ 1,200,000
Bedrooms-- Baths-- Sq 4,806 Monthly Estimate*
$ 7,486
Listed by Live West Realty
for $1,200,000. This 4,806 square foot building was built in 1922 on a lot size of 0.42.
This rare .42-acre corner lot in the desirable Edgewater/Sloan’s Lake area presents a prime investment opportunity, featuring five total units: a four-plex and a single-family home. The four-plex includes two 1-bedroom, 1-bathroom units and two fully renovated 2-bedroom, 1-bathroom units, each with updated windows and new electrical panels. Each unit is individually metered for electricity, and the building offers an on-site coin-operated laundry facility, ample outdoor space, and off-street parking. The single-family home, remodeled in 2020, spans 1,800 square feet and includes 3 bedrooms, 2 bathrooms, a dedicated washer/dryer, an oversized garage, and a private backyard. Both buildings received new roofs in 2018, adding long-term value to the property. Zoned R-MF (Multi-Family Residential), this property offers the flexibility to be subdivided or redeveloped in one of Denver’s most sought-after neighborhoods. Residents benefit from close proximity to the recreational amenities of Sloan’s Lake to the east and the vibrant Edgewater neighborhood to the west, known for its popular shops and restaurants. The revitalized Colfax Avenue, just to the south, offers a variety of dining, shopping, and entertainment options, as well as easy access to downtown Denver, only a 10-minute drive away. This combination of location, amenities, and development potential makes this property an exceptional investment opportunity.
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FeaturesGeneralSewer Public Sewer
Possession Closing/DOD
Roof Composition
Zoning R-MF
Garage Spaces 2
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Brick
Exclusions Residents Personal Belongings
Year Built 1922
Tenant Pays Cable TV Electricity Internet
Stories Count 2
Property Subtype Multi Family
Tax Year 2023
Current Use Multi-Family
Gross Income 108700
County Jefferson
Operating Expense 21904
Property Type Commercial Sale
Attached Garage N
Building Features Coin Laundry
Status Active
Directions Google Maps
City Lakewood
Number Of Units Total 5
Lot Size Units Square Feet
Lot Size Square Feet 18295
Carport Spaces 0
Listing Terms Cash Conventional
Tax Annual Amount 5457
Leasable Area 4806
Structure Type Low Rise (1-3)
Standard Status Active
Occupancy Type Tenant
Cap Rate 7.2
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ExteriorExterior Amenities Balcony
Parking Features Unpaved
Lot Features Corner Lot Irrigated Near Public Transit Sprinklers In Front Sprinklers In Rear
Water Source Public
Total Parking 11
Lot Size Area 18295
Building Area Total 4806
Lot Size Acres 0.42
Road Surface Type Paved
Road Frontage Type Public
Road Responsibility Public Maintained Road
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $7,486
- Monthly Property Taxes
- $455
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Lakewood, CO
Average List Price $1,568,996
Percent of Sale Price 31%
About Lakewood, CO 152,484 Population
6% Since 2002
$ 60,521 Median Income
40.2 Median Age
23% Households with Children
Trends Information provided by ATTOM Data Solutions.
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/9/2025 | $1,200,000 | -4.00% | Price Down |
| 4/9/2025 | $1,250,000 | -3.85% | Price Down |
| 12/4/2024 | $1,300,000 | -5.45% | Price Down |
| 10/18/2024 | $1,375,000 | | Listed Price |