Investment Overview

Marcus & Millichap is pleased to present Red Brick Apartments, a 17-unit multifamily community located at 1363 Pierce Street in Lakewood, Colorado. Offered at $2,700,000, or approximately $158,824 per unit and $202.25 per square foot, Red Brick Apartments presents an opportunity to acquire a well-maintained multifamily asset featuring large floor plans, attractive in-place returns, and additional upside through continued interior renovations. The property features spacious residences averaging approximately 785 square feet, providing a differentiated rental product within the Lakewood submarket. Red Brick Apartments has been carefully maintained under current ownership, providing future ownership with a strong physical foundation while preserving opportunities to selectively renovate and modernize units as they naturally turn. This combination allows an investor to benefit from in-place cash flow while pursuing incremental NOI growth through a measured renovation strategy rather than an extensive upfront capital program. Situated along the West Denver corridor, Red Brick Apartments provides residents with convenient connectivity throughout the Denver metro area. The property is strategically positioned between Downtown Denver and the Front Range, offering convenient access east toward Denver’s major employment and entertainment centers and west toward Golden, the foothills, and Colorado’s mountain communities. The combination of strong existing operations, large-format floor plans, continued renovation potential, and a desirable Lakewood location creates a balanced investment opportunity with multiple avenues for long-term growth.