5109 E 34th, Denver, CO 80207
Local realty services provided by:LUX Real Estate Company ERA Powered
5109 E 34th,Denver, CO 80207
$600,000
- 7 Beds
- 3 Baths
- 2,650 sq. ft.
- Multi-family
- Active
Listed by: charles burkhart
Office: marcus & millichap real estate investment services of atlanta, inc.
MLS#:3061847
Source:ML
Price summary
- Price:$600,000
- Price per sq. ft.:$226.42
About this home
Marcus & Millichap is pleased to present the exclusive opportunity to acquire 5109 E 34th Ave, a stabilized three-unit multifamily investment located in Denver’s North Park Hill neighborhood. Offered at $600,000, the property provides investors with an attractive 5.97% current cap rate with projected expansion to 6.75% in Year One, combining strong in-place cash flow with meaningful organic income growth.
The property generates $35,816 in current NOI with projected growth to $40,477 in Year One, representing approximately 13% NOI expansion. The diversified unit mix consists of one 1 Bed / 1 Bath, one 2 Bed / 1 Bath, and one 4 Bed / 1 Bath unit, providing
exposure to multiple renter profiles within a single small-scale multifamily investment. Below-market rents on portions of the property create a clear path to additional income through natural lease rollover rather than significant capital investment.
Located in North Park Hill with convenient access to Downtown Denver, City Park, major transportation corridors, and the broader Central Denver employment base, 5109 E 34th St combines an established residential location with an attainable acquisition price and visible Year One yield expansion. The offering represents a differentiated opportunity for investors seeking stable in-place cash flow, manageable operations, and continued income growth within the Denver MSA....
Contact an agent
Home facts
- Year built:1959
- Subdivision & Development:Neagle Addition
- Listing ID #:3061847
Rooms and interior
- Bedrooms:7
- Total bathrooms:3
- Living area:2,650 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Year built:1959
- Building area:2,650 sq. ft.
- Lot Features:Level
- Construction Materials:Brick
- Levels:1 Story
Schools
- High school:East
- Middle school:Denver Discovery
- Elementary school:Denver Green
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$600,000
- Price per sq. ft.:$226.42
- Tax amount:$3,449
New listings near 5109 E 34th
- Coming Soon
$1,699,000Coming Soon4 beds 4 baths3,526 sq. ft.201 Cook, Denver, CO 80206
MLS# 4282295Listed by: CAMBER REALTY, LTD - Coming Soon
$4,250,000Coming Soon7 beds 8 baths6,767 sq. ft.141 Elm, Denver, CO 80220
MLS# 2790126Listed by: CAMBER REALTY, LTD - Coming Soon
$775,000Coming Soon3 beds 3 baths1,238 sq. ft.2451 S Lincoln, Denver, CO 80210
MLS# 4371271Listed by: THE BLOCK INC - Coming Soon
$350,000Coming Soon5 beds 3 baths2,079 sq. ft.9090 E Nassau, Denver, CO 80237
MLS# 5763693Listed by: COMPASS - DENVER - Coming Soon
$469,900Coming Soon3 beds 1 baths1,117 sq. ft.3256 S Eudora, Denver, CO 80222
MLS# 3724592Listed by: MARKET MASTERS REAL ESTATE - Coming Soon
$895,000Coming Soon4 beds 2 baths1,918 sq. ft.2860 Dahlia, Denver, CO 80207
MLS# 5229748Listed by: MAKE REAL ESTATE - Coming Soon
$315,000Coming Soon2 beds 2 baths1,120 sq. ft.4086 S Yosemite, Denver, CO 80237
MLS# 3055251Listed by: EXP REALTY, LLC - Coming Soon
$890,000Coming Soon4 beds 3 baths1,839 sq. ft.2686 Dahlia, Denver, CO 80207
MLS# IR1071264Listed by: THE GARTHWAITE GROUP LLC - Coming Soon
$1,975,000Coming Soon2 beds 2 baths1,333 sq. ft.155 Steele #1013, Denver, CO 80206
MLS# 2790982Listed by: KENTWOOD REAL ESTATE CHERRY CREEK - Coming Soon
$775,000Coming Soon3 beds 3 baths1,562 sq. ft.1440 York, Denver, CO 80206
MLS# 4021331Listed by: KELLER WILLIAMS REALTY URBAN ELITE