- For Sale $10,250,000
- Property Type Multi-Family
- Property Size 80,120 SF
- Units 147
- Lot Size 100,273 Acre
- Parking Spaces Avail. 149
- Year Built 1971
- Year Renovated 2019
- Date Updated Feb 27, 2026
Description
Property currently operated as an Extended Stay with excellent potential to be converted to multifamily. The City of Lakewood has expressed support of the conversion idea and the asset is located in a strong rental market. Reach out to broker for more details.$1,250,000 PRICE REDUCTION!! 147-Unit Apt Conversion Opportunity in Lakewood, CO. Property currently operated as an Extended Stay with excellent potential to be converted to multifamily. Reach out to Josh Newell for more details.
Highlights
- $1,250,000 Price Reduction!!
- Excellent Multifamily Conversion Opportunity: 19.43% Leveraged IRR
- Good Mix of Studios, 1Bd/1Ba & 2Bd/1Ba Units
- Less than One Mile to Denver Federal Center, a 600 Acre, 4.1m SF Office/Research Campus
- Located in an Opportunity Zone
- One Mile to Oak Street Light Rail Station
- Priced Well Below Replacement Cost
- Quick Access to US Hwy 6, Downtown Denver & Rocky Mtns
- Recent Capital Improvements Include Newer Boiler & Roof
- Walk to Public Transportation, Restaurants, Retail and Places of Employment
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Contacts
Josh Newell
Pinnacle Real Estate Advisors
Location
Located at 715 Kipling St, Lakewood, CO 80215, this property is part of the Eiber neighborhood and Denver market.
Contact Listing Broker
Josh Newell
Pinnacle Real Estate Advisors
