5365 W 3rd Pl

Off Market

5365 W 3rd Pl

Lakewood CO 80226

2988 sq. ft.

Other

Last sold for $768,250

Michael Hoover, last sold this property on 24 September 2025 after 1251 days on market.

Overview

Amazing investment opportunity, already performing at a 7% cap rate with current figures! Can be renovated and upgraded to allow for even better returns with higher rents. Current rents of about $1500 are just average for the neighborhood, so there is lots of room for upward improvement with the right vision. Would also be perfect someone looking to owner occupy 1 unit and rent out the other 3, and should qualify for FHA financing with this strategy. Each apartment has a washer/dryer in unit, and is metered separately for gas and electric, with 4 individual furnaces. Neighborhood provides quick access to Hwy 6, and then west to Golden or east to Denver. Perfect middle Lakewood location. When fully occupied, this should cash flow monthly assuming a 25% down mortgage. A rare find!

Features

8 bedrooms

4 bathrooms

10 carspaces

10 garage spaces

2988 sq. ft. floor area

Other

Estimated Value

We need at least 3 similar 8 bedroom other properties sold in Lakewood over the last 12 months.

Property history for 5365 W 3rd Pl

2025

Sold

$768,250

24 Sep 2025 by Michael Hoover, of MAVI UNLIMITED INC

2019

Sold

$650,000

17 Feb 2019

Happy sellers in Lakewood

92%

92% of sellers in Lakewood reported that their sale price either exceeded or met their price expectations.

Lakewood stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 12 reviews in Lakewood over the last 12 months.

Local market activity for 8 bedroom other properties in Lakewood

In the last 12 months, 2 eight-bedroom other properties similar to 5365 W 3rd Pl, have been sold.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Lakewood for a market analysis.

Caterina Savino

at RE/MAX Professionals - DTC

(78 reviews)

Get a market analysis

Steve Westfall

at RE/MAX Professionals - Union

(12 reviews)

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Dave Woodman

at KELLI R. CORP

(36 reviews)

Get a market analysis

Greg Drake

at REALTY PROFESSIONALS LLC

(34 reviews)

Get a market analysis

Nearby agents

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Caterina Savino

Sellers who recommend Caterina Savino have praised them for being local expert, clear communication, responsive, reliable, supportive, dedicated, and great negotiation