Rare Lakewood Fourplex - Turnkey Investment Opportunity
Pride of ownership 4-unit property on an oversized 10,498 sq ft lot. Unit mix: (3) 2BD/1BA + (1) 2BD+bonus/1BA totaling 3,120 sq ft. Each unit features a private garage and in-unit laundry. Property includes 4 additional parking spaces, fenced yard, courtyard BBQ area with stack-stone landscaping. Recent upgrades: new roof (2025) right building, New roof left side structures in 2019, Main water line replaced to each unit 2017, fresh exterior paint. Fully occupied with quality long-term tenants. Separately metered gas/electric, owner pays water. Investment Metrics: $97,980 gross income, $69,404 NOI, 4.08% cap rate. Immediate cash flow with upside potential in prime Lakewood location.
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Listing Snapshot
Price
$1,699,000
Days On Site
1 Day
Bedrooms
N/A
Inside Area (SqFt)
3,120 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.2413 Acres
Year Built
1947
MLS® Number
PW25162914
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
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Recent Activity
yesterday
Listing first seen on site
yesterday
Listing updated with changes from the MLS®
General Features
Acres
0.2413
Carport
4
Foundation
Slab
Garage
Yes
Garage Spaces
4
Number Of Stories
1
Parking
GarageOn Site
Parking Spaces
8
Property Condition
Fixer
Property Sub Type
Quadruplex
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Total
3120
Stories
One
Style
Traditional
Utilities
Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
Water Source
Public
Zoning
LKMFR*
Interior Features
Appliances
Gas RangeRefrigerator
Cooling
Wall/Window Unit(s)
Fireplace Features
None
Heating
Wall Furnace
Interior
Granite Counters
Laundry Features
Inside
Bedroom
Kitchen
Living Room
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Exterior Features
Construction Details
Stucco
Fencing
Block
Lot Features
Cul-De-Sac
Pool Features
None
Road Frontage
City Street
Roof
CompositionShingle
View
Neighborhood
Waterview
Neighborhood
Community Features
Building Access
Front
Community Features
Street LightsSidewalks
Financing Terms Available
CashConventional
MLS Area
28 - Lakewood City
Roads
Paved
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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