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538 S Ames St
Lakewood, CO 80226 Belmar

$1,225,000 USD

Apartments For Sale • 5,759 SF

Property Details

Property Type Apartments
Total Building Size 5,759 SF
Lot Size 0.49 AC
Building Class C
Year Built 1980
Cap Rate 7.56 %
Zoning R-MF

38 Transit Score

66 Walk Score

                
                    Highlights
                
                                Renovated 4-Plex on Large 0.49 Acre Lot
                            
                                7.56% Current CAP Rate!
                            
                                (4) Large Garages Provide Additional Income
                            
                                All Large 2Bd & 3Bd Units
                            
                                Just 1.76% Historical Vacancy!
                            
                                Furnaces, Hot Water Heaters, Washer/Dryer Hookups & Swamp Coolers Dedicated to Each Unit

Property Flyers

541 S Sheridan Blvd- OM (EMAIL)

Financial Summary (Actual)

Net Operating Income: $92,589 USD (2025)

Cap Rate:	7.56 %
Total Expenses:	$28,772 USD

Amenities

Air Conditioning
Dishwasher
Fenced Lot
Microwave
Washer/Dryer Hookup
Hardwood Floors
Refrigerator
Oven
Carpet
Garden
Vinyl Flooring
Large Bedrooms

Public Transportation

Commuter Rail	Drive	Walk	Distance
Union Station: Lodo-Coors Field-16Th Street Mall (C Line - Denver Regional Transportation District Light Rail (TheRide), E Line - Denver Regional Transportation District Light Rail (TheRide), W Line - Denver Regional Transportation District Light Rail (TheRide))	11 min	-	5.8 mi
Denver (California Zephyr - Amtrak)	12 min	-	6.0 mi
Airport	Drive	Walk	Distance
Denver International	41 min	-	30.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	4
Type:	Surface
Included in Rent:	Yes

Connor Knutson 303-962-9567 Pinnacle Real Estate Advisors

538 S Ames St Lakewood, CO 80226 Belmar