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33321198
33321191

1415 Harlan St, Lakewood, CO 80214

Unique Properties, Inc
Listed by Unique Properties, Inc
$2,900,000
2 days on market
Updated 2 days ago

1415 -1419 Harlan St

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,064
Units 20
Cap Rate 8.08%
NOI $234,404
Tenancy Multi
Pro-Forma Cap Rate 8.30%
Pro-Forma NOI $237,253
Price per SqFt $320
Year Built 1956
Buildings 4
Stories 1
Parking Spaces 17 spaces
Parking Per SqFt 1.88
Investment Type Stabilized

Multifamily | 20 Units | $145,000/unit

Marketing description

1415-1425 Harlan Street presents a rare opportunity to acquire a well-located, 20-unit multifamily asset in the heart of Lakewood, one of Denver's most desirable and supply-constrained rental submarkets. Situated in the established Molholm Two Creeks neighborhood, the property consists of four single-story buildings constructed in 1956 and offers an attractive unit mix of sixteen (16) one-bedroom and four (4) two-bedroom apartments, catering to a broad tenant base seeking attainable housing options.

The property benefits from a functional, low-density layout with surface parking and on-site laundry, providing tenants with convenient amenities while maintaining operational efficiency for ownership. Units have historically featured interior updates including flooring, paint, and cabinetry, offering a strong in-place foundation with the ability to further modernize and drive rental premiums.

Strategically located just minutes from Downtown Denver, Sloan's Lake, and major transportation corridors, the asset offers excellent access to employment centers, retail, and recreation. The surrounding area continues to experience steady population growth and renter demand driven by its proximity to urban amenities combined with a more affordable rent profile compared to core Denver neighborhoods.

This offering represents a compelling value-add opportunity for investors to capitalize on below-market rents through continued interior upgrades and operational efficiencies. With its desirable unit mix, strong submarket fundamentals, and scalable 20-unit size, 1415-1425 Harlan Street is well-positioned for both cash flow stability and long-term appreciation.

Investment highlights

  • Rare 20-unit multifamily opportunity in the heart of Lakewood's supply-constrained rental market, located in the established Molholm Two Creeks neighborhood.
  • Tenant-friendly unit mix of sixteen (16) one-bed and four (4) two-bed apartments, offering broad appeal and flexibility to capture diverse renter demand.
  • Functional low-density layout with surface parking and on-site laundry for day-to-day convenience, supporting efficient operations and strong resident experience.
  • In-place unit upgrades including interior improvements such as flooring, paint, and cabinetry—providing a solid foundation with clear value-add potential to modernize further and drive rent premiums.
  • Highly convenient location just minutes from Downtown Denver, Sloan's Lake, and major transportation corridors—positioned for steady job access, retail and recreation, and long-term appreciation.

Listing Contacts

Unique Properties, Inc
Listed by Unique Properties, Inc

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$234,404.00
$19,533.67/mo

Valuation Metrics

0
DSCR
8.08%
Cap Rate
8.08%
ROI

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