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.
Central Lakewood Location with Everyday Convenience 5220 West 5th Avenue sits in the heart of Lakewood, offering residents walkable access to neighborhood shops and a short drive to Belmar’s vibrant mix of restaurants, entertainment, and national retailers. The property is well connected by Wadsworth Boulevard and US-285, providing direct routes to Downtown Denver, the Denver Federal Center, and major west-metro employment hubs.
Turnkey Asset with Value-Add Upside The building has been thoughtfully maintained with durable stucco construction, a flat roof, and clean common areas—ideal for investors seeking stable in-place income. Strategic interior upgrades such as modern flooring, new kitchens, and refreshed baths could drive immediate rent growth and elevate the property’s appeal among working professionals.
Efficient, Rentable Layouts All nine units feature two-bedroom, one-bath floorplans averaging 675 square feet, a highly sought-after size that balances affordability and livability. The simple, functional design supports easy turnover and consistent leasing velocity in a market where two-bedroom units remain in tight supply.
Desirable Resident Features Each unit is individually metered for electric and gas, minimizing owner expenses. The property also includes on-site laundry, surface parking, and mature landscaping that enhances curb appeal. These conveniences support strong tenant retention and low ongoing maintenance costs.
Low-Supply, High-Demand Submarket With virtually no new multifamily construction and a continued citywide growth cap, Lakewood’s rental inventory remains tight. 5220 West 5th Avenue is well-positioned to benefit from continued rent pressure and stable long-term appreciation in one of Denver’s most resilient and proven west-metro neighborhoods.