CO
Denver
Denver
80207
5109 E 34th Avenue
5109 E 34th Avenue, Denver, CO 80207
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Listing Type
Multi Family
Listing Status
Active
6
$600,000
Home Details for 5109 E 34th Avenue
Price
$600,000
Type
Residential Income
Bedrooms
7
Total Bathrooms
3
Square feet
2650
Year built
1959
County
Denver
MLS Listing#
3061847
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.
Property Features
Cooling Information
- Other
Heating Information
- Forced Air
School Information
School Information for 5109 E 34th Avenue, Denver, CO 80207
Elementary School
Denver Green
Middle School
Denver Discovery
High School
East
Listing Courtesy: Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. - 303-328-2000
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Market statistics compiled from data from Metrolist Inc MLS - Professional (Denver).
EXIT REALTY DTC, CHERRY CREEK, PIKES PEAK
383 Inverness Parkway Suite 140, Englewood, CO 80112Sheryll White Broker. 303 790 7200
Office
303 790 7200
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