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Chris Wedgwood

chris@denverevolution.com +1(303) 815-6243

$ 915,000

Est. payment | -/mo

6 Beds

3,454 SqFt

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$ 915,000

Est. payment | -/mo

Save

6 Beds

3,454 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 3,454 sqft

Price per Sqft $264

Subdivision Lakewood Lt Line Adj #1

MLS Listing ID 4664653

Bedrooms 6

HOA Y/N No

Abv Grd Liv Area 1,963

Year Built 2000

Annual Tax Amount $5,352

Tax Year 2025

Lot Size 7,797 Sqft

Acres 0.18

Property Sub-Type Triplex

Source recolorado

Property Description

Legal Lakewood triplex built in 2000 with one vacant unit and two occupied units producing $4,500 per month in current gross rent. Unlike many older multifamily properties with identical apartment layouts, this versatile asset offers a spacious 3-bedroom, 2-bath upper residence, a vacant 2-bedroom, 1-bath lower unit and a separately addressed 1-bedroom, 1-bath unit. The vacant lower unit creates immediate flexibility for an owner-occupant or allows an investor to select a new tenant and establish current market rent. Based on the prior lower-unit rent of $2,300 per month, projected stabilized gross income is approximately $81,600 annually. Tenant utility usage is submetered and billed through a third-party provider, helping reduce an owner's exposure to variable utility consumption. The upper residence features hardwood floors, a large kitchen with abundant cabinetry, generous living and dining areas, a screened-in porch and a primary suite with a spacious bath and jetted tub. The lower unit offers an open kitchen and living area, stainless-steel appliances, recessed lighting and private exterior access. The one-bedroom unit provides another distinct living space with its own entrance, full bath and mini-split system. Additional investment advantages include nine reported off-street parking spaces, multiple private entrances, in-unit appliances, updated interiors and a spacious fenced outdoor area with lawn, patio and covered gazebo. The varied unit mix may appeal to investors, multigenerational buyers or an owner-occupant seeking meaningful rental income without sacrificing living space. Convenient access to Denver, central Lakewood, parks, shopping, dining and commuter routes. Buyer to verify measurements, income, expenses, leases, zoning and permit information.

Location

State CO

County Jefferson

Rooms

Basement Full, Unfinished

Interior

Interior Features Ceiling Fan(s), Granite Counters, Open Floorplan, Primary Suite

Heating Forced Air

Cooling Air Conditioning-Room, Evaporative Cooling

Flooring Carpet, Wood

Fireplace N

Appliance Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer

Laundry In Unit, Multiple Locations

Exterior

Roof Type Composition

Total Parking Spaces 9

Garage No

Building

Sewer Public Sewer

Level or Stories One

Structure Type Wood Siding

Schools

Elementary Schools Eiber

Middle Schools Creighton

High Schools Lakewood

School District Jefferson County R-1

Others

Senior Community No

Ownership Corporation/Trust

Acceptable Financing 1031 Exchange, Cash, Conventional, FHA

Listing Terms 1031 Exchange, Cash, Conventional, FHA

Special Listing Condition None

Listed by Guide Real Estate

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Chris Wedgwood

Broker Associate License ID: 100071313

+1(303) 815-6243 | chris@denverevolution.com

1251 Brentwood ST Denver, CO 80214

Chris Wedgwood

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

GET MORE INFORMATION

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1251 Brentwood ST