5410 W 3rd, Denver, CO 80226
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5410 W 3rd,Denver, CO 80226
$800,000
- 8 Beds
- 4 Baths
- 3,000 sq. ft.
- Multi-family
- Active
Listed by: charles burkhart
Office: marcus & millichap real estate investment services of atlanta, inc.
MLS#:7782631
Source:ML
Price summary
- Price:$800,000
- Price per sq. ft.:$266.67
About this home
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 5.67% 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....
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Home facts
- Year built:1962
- Subdivision & Development:Neagle Addition
- Listing ID #:7782631
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Living area:3,000 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Year built:1962
- Building area:3,000 sq. ft.
- Levels:1 Story
Schools
- High school:Jefferson
- Middle school:Alameda Int'l
- Elementary school:Deane
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$800,000
- Price per sq. ft.:$266.67
- Tax amount:$5,084
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