1045 Balsam St

1045 Balsam St, Lakewood, CO 80214

  • For Sale $1,800,000
  • Property Type Multi-Family
  • Property Size 8,590 SF
  • Units 11
  • Lot Size 0.46 Acre
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1960
  • Date Updated Jul 21, 2025
Located in the heart of Lakewood, ColoradoLocated in the heart of Lakewood, Colorado, 1045 Balsam Street is an 11-unit multifamily property offering a strong value-add opportunity for investors. The unit mix consist of one studio, four one-bedroom/one-bath units, and six two-bedroom/two-bath units, providing a diverse range of options for tenants in a highly sought-after rental market. The property is well-positioned for upside through both interior/exterior renovations and rental increases. Current rents are below market, and updating the units offers a clear path to enhancing both income and asset value. The location is another key strength, with convenient access to major roadways and public transportation. This property represents a rare chance to acquire a well-located multifamily asset with immediate potential for increased cash flow and long-term appreciation. With strong rental demand in the area and a clear opportunity to improve performance through strategic upgrades, 1045 Balsam Street is a compelling addition to any investment portfolio.
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Highlights

  • Diverse Unit Mix in a Strong Rental Market: Includes 11 units (studio, one-bedroom, and two-bedroom options), appealing to a wide range of tenants in a highly sought-after area.
  • Prime Lakewood Location: Centrally located with easy access to major roads and public transit, enhancing tenant appeal and long-term value.
  • Value-Add Investment Opportunity: The property offers immediate upside through interior/exterior renovations and rental increases, with current rents below market.

Contacts

broker
Phil Dankner

Unique Properties

Location

Getting Around

  • Walk Score ®

    63/100 Somewhat Walkable

  • Transit Score ®

    47/100 Some Transit

  • Bike Score ®

    70/100 Very Bikeable
Powered by Walk Score ®
  • City Lakewood, CO
  • Neighborhood Eiber
  • Zip Code 80214
  • Market Denver

Points of Interest

  • 10th & Osage

    4.43 miles

  • Olde Town Arvada

    4.53 miles

  • Union Station Light Rail Plaza

    4.79 miles

  • Bakken Motorcars

    7.50 miles

  • Conoco

    0.43 miles

  • Safeway

    0.70 miles

  • Diamond Shamrock

    0.90 miles

  • Food Stop

    0.92 miles

  • Gas & Food Save Mart

    1.12 miles

  • Circle K

    1.16 miles

  • Phillips 66

    1.66 miles

  • ChargePoint

    1.75 miles

  • Edgewater, CO Tesla Supercharger

    1.92 miles

  • Tesla Supercharger

    3.47 miles

  • Church Parking

    0.64 miles

  • Lot B

    1.15 miles

  • Lot A

    1.16 miles

  • Lot C

    1.20 miles

  • Stadium North Parking Lot

    1.23 miles

  • Lot D

    1.28 miles

  • Lot F

    1.31 miles

  • Stadium Parking

    1.36 miles

  • Bldg 16

    1.53 miles

  • H

    1.58 miles

  • Denver West Inn

    0.79 miles

  • Weekly Inn

    0.84 miles

  • Park Inn by Radisson

    0.85 miles

  • HomeTowne Studios Denver - Lakewood West

    1.22 miles

  • Big Bunny Motel

    1.30 miles

  • Blue Sky Motel

    1.32 miles

  • White Swan Motel

    1.40 miles

  • Rocky Mountain Motel

    1.44 miles

  • Westway Motel

    1.61 miles

  • Mesa Motor Inn

    1.67 miles

  • The Taco House

    0.44 miles

  • Subway

    0.46 miles

  • Danny's Carnation Restaurant

    0.47 miles

  • Big Daddy's Pizza

    0.47 miles

  • Wendy's

    0.48 miles

  • McDonald's

    0.49 miles

  • Taco Bell

    0.49 miles

  • Qdoba

    0.59 miles

  • Panda Express

    0.60 miles

  • Dickey's Barbecue Pit

    0.61 miles

  • Jefferson County Open School

    0.28 miles

  • Saint Bernadette Catholic School

    0.61 miles

  • Eiber Elementary School

    0.95 miles

  • Lakewood High School

    1.02 miles

  • South Lakewood Elementary School

    1.05 miles

  • Bethlehem Lutheran School

    1.17 miles

  • MRTC Jefferson County Training Facility

    1.19 miles

  • Dennison Elementary School

    1.26 miles

  • Rocky Mountain College of Art and Design

    1.27 miles

  • McLain Community High School

    1.29 miles

  • Little Harvard Academy

    1.94 miles

  • A Child's Place in Edgewater

    1.98 miles

  • Clever Kids Learning Center

    2.03 miles

  • Tiny Hearts Academy

    2.36 miles

  • Jacob Academy

    2.55 miles

  • Belmar Park Child Care

    2.56 miles

  • KinderCare

    2.70 miles

  • Sunshine Academy

    2.88 miles

  • The Learning Nest

    2.89 miles

  • Patterson Preschool

    3.14 miles

Frequently Asked Questions

How much does 1045 Balsam St cost?

The space currently listed for sale at 1045 Balsam St asks for $1,800,000.

What is the total square footage of 1045 Balsam St?

1045 Balsam St totals 8,590 square feet.

When was this property built?

1045 Balsam St was built in 1960.

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Contact Listing Broker
broker
Phil Dankner

Unique Properties

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