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W 13th AveLakewood, CO 80215
10791 W 13th Ave
Asset ClassMultifamily
# Units3
Year Built: 1959Rentable SF: 2,850Access Data Room
overview of deal

Overview

Marcus & Millichap is pleased to present 10791 W 13th Avenue, a fully renovated multifamily investment opportunity located in one of Lakewood's most desirable rental corridors. Offered at $950,000, the property features condo-quality finishes throughout, including quartz countertops, stainless steel appliances, modern cabinetry, central air conditioning, and full-size in-unit washers and dryers.

 

Recent capital improvements include a new roof and updated plumbing, while individual gas and electric metering minimizes operating expenses and creates an efficient ownership structure. Residents benefit from dedicated yard space, a highly sought-after amenity rarely found in comparable multifamily properties.

 

Strategically positioned near the Oak Station Light Rail stop, the property provides convenient access to Downtown Denver, Golden, and the Rocky Mountains, offering tenants an exceptional blend of connectivity, recreation, and lifestyle amenities. With minimal deferred maintenance, premium interior finishes, and strong long-term rental appeal, 10791 W 13th Avenue presents investors with a turnkey opportunity in a high-demand Lakewood submarket.

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Investment Highlights

Condo-Quality Renovation with Premium Finishes The property has undergone a comprehensive renovation featuring condo-level finishes throughout. Residents enjoy quartz countertops, stainless steel appliances, modern cabinetry, updated fixtures, central air conditioning, and in-unit full-size washers and dryers—creating a highly competitive rental product that stands out from typical multifamily inventory.

 

Minimal Deferred Maintenance Major capital improvements have already been completed, including a new roof and updated plumbing systems. Investors benefit from reduced near-term capital expenditure requirements and a more predictable ownership experience.

 

Tenant-Paid Utilities Enhance Cash Flow The property is individually metered for both gas and electricity, significantly reducing owner utility expenses while protecting future operating margins and providing a more efficient expense structure.

 

Rare Outdoor Amenities Each unit benefits from dedicated yard space, a highly sought-after feature that is difficult to replicate in comparable multifamily properties and helps drive tenant retention.

 

Strong Lakewood Location Situated in a desirable Lakewood corridor, the property offers convenient access to Downtown Golden, the Denver Metro area, and the Rocky Mountains. The location appeals to both commuters and outdoor-oriented renters seeking proximity to employment centers, recreation, and lifestyle amenities.

 

Transit-Oriented Accessibility The asset is located near the Oak Station on RTD's W Line, providing residents with convenient rail access throughout the Denver metropolitan area. The station serves as a key transit hub connecting Lakewood to downtown Denver and the western suburbs.

 

Attainable Price Point with Strong Rental Appeal Offered at $950,000, the property provides investors with an opportunity to acquire a turnkey multifamily asset below the replacement cost of new construction while benefiting from a renovated unit mix designed to attract high-quality tenants.

 

Move-In Ready Asset with Immediate Upside Protection The combination of modern interiors, extensive capital improvements, separate utility metering, and a transit-oriented location creates a durable investment opportunity with strong long-term tenant demand and limited operational lift required by new ownership.

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W 13th AveLakewood, CO 80215
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