5109 E 34th Avenue, Denver, CO 80207
- $600,000
- 7
- BD
- 3
- BA
- 2,650
- SqFt
Courtesy of Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. . charles.burkhart@marcusmillichap.com,214-336-6064
- List Price
- $600,000
- Type
- Multifamily
- Property Sub Type
- Triplex
- Status
- ACTIVE
- MLS Number
- 3061847
- Bedrooms
- 7
- Bathrooms
- 3
- Sqft Total
- 2,650
- Neighborhood
- Neagle Addition
- Year Built
- 1959
Property Description
Marcus & Millichap is pleased to present the exclusive opportunity to acquire 5410 W 3rd Pl, a stabilized four-unit multifamily investment located in Lakewood, Colorado. Offered at a 5.36% current cap rate with projected expansion to 6.68% in Year One, the property provides investors with measurable income growth through achievable rent normalization rather than speculative renovation execution. The property generates $44,213 in current NOI with projected growth to $55,092 in Year One, reflecting approximately 25% NOI expansion through loss-to-lease burnoff alone. The 100% two-bedroom unit mix features current rents averaging approximately $1,300 per month compared to modeled market rents of $1,600, creating a clear path to continued income growth while aligning with durable renter demand in one of West Denver’s most established rental corridors. With strong commuter connectivity, limited small-scale multifamily supply, and visible NOI growth, 5410 W 3rd Pl represents a compelling opportunity for investors seeking stable in-place cash flow, early yield expansion, and long-term appreciation within the Denver MSA.
Additional Information
- Tax Amount
- $3,449
- Tax Year
- 2025
- Sewer
- Public Sewer
- Heating
- Forced Air
- Cooling
- Other
- School District
- Denver 1
- Elementary School
- Denver Green
- Middle Or Junior School
- Denver Discovery
- High School
- East
- Parking Total Searchable
- 3
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