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 9,950

Monthly Estimate*

$ 11,083

Listed by Velocity Real Estate Advisors LLC
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Commercial Property for sale in Lakewood, CO

for $1,800,000. This 9,950 square foot building was built in 1960.

Excellent value add opportunity through interior and exterior renovations. Property is located in a rapidly evolving neighborhood in Lakewood, with easy access to Highway 6, I-70 and public transportation. This distinguished multi-family property at 1045 Balsam Street in Lakewood, Colorado, presents an exceptional investment opportunity in a burgeoning market. Comprising 11 units across 9,950 square feet, this apartment building is strategically designed to maximize rentable square footage and minimize expenses. The propeerty features well-appointed kitchens with appliances, cabinetry, and spacious layouts that facilitate both functionality and style. The bedrooms are designed for comfort with electric baseboard heating and ample storage. The bathrooms are equipped with contemporary fixtures and thoughtful layouts, ensuring a seamless living experience for residents. This property is ideally situated within a suburban community that offers essential amenities, parks, and educational institutions. The presence of sidewalks promotes an active lifestyle, while outdoor spaces such as patios and decks enhance the living experience. With sufficient parking and proximity to Denver's urban offerings, this property is poised to attract discerning tenants seeking quality living in a desirable location.

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Commercial Active

Price

$ 1,800,000

Property Type

Commercial

Taxes

$ 8,661

Style

Traditional

Year Built

1960

Town/City

Lakewood

County/Region

Jefferson

MLS | Web ID

4570185

Features
General
Sewer Public Sewer
Possession Closing/DOD
Roof Membrane
Garage Spaces 0
Architectural Style Traditional
Construction Materials Block
Year Built 1960
Property Subtype Multi Family
Tax Year 2024
Current Use Multi-Family
Gross Income 162583
County Jefferson
Operating Expense 67381
Property Type Commercial Sale
Attached Garage N
Status Active
City Lakewood
Number Of Units Total 11
Carport Spaces 0
Listing Terms Cash Conventional
Tax Annual Amount 8661
Lease Considered Y/N N
Virtual Tour https://v1tours.com/listing/61702/
Structure Type Low Rise (1-3)
Standard Status Active
Occupancy Type Tenant
Cap Rate 5.3
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Exterior
Lot Features Landscaped Near Public Transit
Water Source Public
Total Parking 0
Lot Size Area 19950
Building Area Total 9950
Road Surface Type Dirt Gravel Paved
Road Frontage Type Public
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Internal Only
Street Number 1 1045
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* Excluded Features
List By
Velocity Real Estate Advisors Llc

Broker

(720) 937-1437

Phone

Affordability Calculator

$11,805
Per Month
94%
6%
0%
Monthly Principal & Interest
$11,083
Monthly Property Taxes
$722
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
1/28/2026$1,800,000 Listed Price

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1045 Balsam Street, Lakewood, CO, 80214 is a Commercial Property for sale at $1,800,000 with 9,950 sqft. 1045 Balsam Street was built in 1960. The property's zip code is 80214 which is in Lakewood, CO