Denver, CO – January 22, 2026 – NorthPeak Commercial Advisors is pleased to announce the sale of 1435-1449 Depew St., Lakewood, CO 80214.
Joe Hornstein, Scott Fetter, and Katon Patel of NorthPeak Commercial Advisors worked with the buyer and seller in this transaction.
“We represented a local non-profit to sell 1435-1449 Depew St. The Sellers just needed to get out of a challenging property and focus on other assets. There were only 4 occupied units out of 12 on Closing Date, so this was a great opportunity for buyer to come in quickly, add value and stabilize long term at higher value.”
– Joe Hornstein, NorthPeak Commercial Advisors
For more information on this investment or current market conditions, please contact Joe Hornstein at (720) 939-2943 or Joe@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Address: 1435-1449 Depew St., Lakewood, CO 80214
- Sale Price: $1,240,000
- Close Date: January 22, 2026
- Total Units: 12 ($103,333/Unit)
- Property Size: 6,346 SF ($195/SF)
- Pro Forma Cap Rate: 7.32%
- Property Type: Multifamily
