1045 Balsam Street Lakewood, CO $ 1,800,000
1045 Balsam Street
$ 1,800,000
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1045 Balsam Street

Lakewood, CO, 80214
$ 1,800,000
Bedrooms-- Baths-- Sq 8,590

Monthly Estimate*

$ 11,230

Listed by Unique Properties LLC
1045 Balsam Street, Lakewood, CO 80214 - Image 1
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Commercial Property for sale in Lakewood, CO

for $1,800,000. This 8,590 square foot building was built in 1960 on a lot size of 0.46.

Located in the heart of Lakewood, Colorado, 1045 Balsam Street is an 11-unit multifamily property offering a strong value-add opportunity for investors. The unit mix consist of one studio, four one-bedroom/one-bath units, and six two-bedroom/two-bath units, providing a diverse range of options for tenants in a highly sought-after rental market. The property is well-positioned for upside through both interior/exterior renovations and rental increases. Current rents are below market, and updating the units offers a clear path to enhancing both income and asset value. The location is another key strength, with convenient access to major roadways and public transportation. This property represents a rare chance to acquire a well-located multifamily asset with immediate potential for increased cash flow and long-term appreciation. With strong rental demand in the area and a clear opportunity to improve performance through strategic upgrades, 1045 Balsam Street is a compelling addition to any investment portfolio.

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Commercial Active

Price

$ 1,800,000

Property Type

Commercial

Taxes

$ 8,661

Style

Traditional

Lot Size

0.46

Year Built

1960

Town/City

Lakewood

County/Region

Jefferson

MLS | Web ID

3283710

Features
General
Sewer Public Sewer
Utilities Cable Available Electricity Connected Sewer Connected
Possession Closing/DOD Negotiable
Roof Membrane
Garage Spaces 0
Architectural Style Traditional
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Brick Frame
Exclusions Personal property.
Year Built 1960
Tenant Pays Electricity Internet
Stories Count 2
Property Subtype Multi Family
Tax Year 2024
Current Use Multi-Family
Gross Income 164843
County Jefferson
Operating Expense 59549
Property Type Commercial Sale
Attached Garage N
Status Active
City Lakewood
Number Of Units Total 11
Lot Size Units Square Feet
Lot Size Square Feet 19950
Carport Spaces 0
Listing Terms Cash Conventional
Tax Annual Amount 8661
Structure Type Low Rise (1-3)
Standard Status Active
Occupancy Type Tenant
Cap Rate 5.85
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Exterior
Water Source Public
Total Parking 26
Lot Size Area 19950
Building Area Total 8590
Lot Size Acres 0.46
Road Surface Type Paved
Road Frontage Type Public
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 1045
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* Excluded Features
List By
Unique Properties Llc

Broker

(303) 321-5888

Phone

Affordability Calculator

$11,951
Per Month
94%
6%
0%
Monthly Principal & Interest
$11,230
Monthly Property Taxes
$722
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.
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Nearby
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/25/2025$1,800,000 Listed Price

Map


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1045 Balsam Street, Lakewood, CO, 80214 is a Commercial Property for sale at $1,800,000 with 8,590 sqft and a lot size of 0.46. 1045 Balsam Street was built in 1960. The property's zip code is 80214 which is in Lakewood, CO