Multifamily
5220 W 5th Ave
5220 W 5th Ave, Lakewood, CO 80226
Listing Price: $1,530,000
Investment Overview
Marcus & Millichap is pleased to present 5220 West 5th Avenue, a well-maintained 9-unit multifamily property located in the highly sought-after Lakewood submarket of Metro Denver. The property offers investors the opportunity to acquire a stabilized asset with value-add upside in one of the region’s most supply-constrained and resilient rental markets.
Built in 1958 and situated on 0.41 acres, the property consists of nine two-bedroom, one-bath units averaging 675 square feet each. The property has been thoughtfully maintained with a stucco exterior, flat roof, on-site laundry, and surface parking. Positioned in the heart of central Lakewood, 5220 West 5th Avenue offers residents convenient access to major transportation corridors and lifestyle amenities. The property is located just six minutes from the Belmar Shopping District, providing access to more than 80
retailers, restaurants, and entertainment options, and less than ten minutes from outdoor recreation at Belmar Park, Kendrick Lake Park, and the Bear Creek Greenbelt.
Lakewood continues to attract renters seeking a balance of urban convenience and suburban livability. The area’s mix of employment centers, retail amenities, and high quality of life make it one of Metro Denver’s most enduring and stable multifamily markets.
5220 W 5th Ave
Investment Highlights
- The Lakewood submarket in one of the most supply constrained submarket within Metro Denver due to a 1% Growth-Cap Housing Ordinance which passed in 2019 and remains instated until 2026.
- The 5th Ave Apartments offers significant upside potential through value-add opportunities.
- Lakewood's real estate market is bolstered by a mix of residential, retail, and office spaces, contributing to a stable and diversified local economy.
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Listing Price: $1,530,000
Investment Highlights
- The Lakewood submarket in one of the most supply constrained submarket within Metro Denver due to a 1% Growth-Cap Housing Ordinance which passed in 2019 and remains instated until 2026.
- The 5th Ave Apartments offers significant upside potential through value-add opportunities.
- Lakewood's real estate market is bolstered by a mix of residential, retail, and office spaces, contributing to a stable and diversified local economy.
Investment Overview
Marcus & Millichap is pleased to present 5220 West 5th Avenue, a well-maintained 9-unit multifamily property located in the highly sought-after Lakewood submarket of Metro Denver. The property offers investors the opportunity to acquire a stabilized asset with value-add upside in one of the region’s most supply-constrained and resilient rental markets. Built in 1958 and situated on 0.41 acres, the property consists of nine two-bedroom, one-bath units averaging 675 square feet each. The property has been thoughtfully maintained with a stucco exterior, flat roof, on-site laundry, and surface parking. Positioned in the heart of central Lakewood, 5220 West 5th Avenue offers residents convenient access to major transportation corridors and lifestyle amenities. The property is located just six minutes from the Belmar Shopping District, providing access to more than 80 retailers, restaurants, and entertainment options, and less than ten minutes from outdoor recreation at Belmar Park, Kendrick Lake Park, and the Bear Creek Greenbelt. Lakewood continues to attract renters seeking a balance of urban convenience and suburban livability. The area’s mix of employment centers, retail amenities, and high quality of life make it one of Metro Denver’s most enduring and stable multifamily markets.
Exclusively Listed By
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