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$ 825,000
Est. payment /mo
New
5410 W 3rd PL Denver, CO 80226
8 Beds
4 Baths
3,000 SqFt
UPDATED:
Key Details
Property Type Other Types
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $275
Subdivision Neagle Addition
MLS Listing ID 7782631
Bedrooms 8
HOA Y/N No
Year Built 1962
Property Sub-Type Quadruplex
Property Description
5410 W 3rd Pl is a stabilized four-unit multifamily property in Lakewood, Colorado, offering immediate cash flow and strong rent growth potential. The asset is priced at a 5.36% current cap rate with projected expansion to 6.68% in Year One, driven by rent normalization rather than renovations. Current NOI of $44,213 is projected to increase to $55,092, representing approximately 25% growth through loss-to-lease burnoff. The property features a 100% two-bedroom unit mix with average rents of $1,300 compared to modeled market rents of $1,600, providing a clear path to increased revenue. Located in a mature West Denver rental corridor with strong commuter access and limited multifamily supply, the property offers stable income, near-term yield growth, and long-term appreciation potential.
Location
State CO
County Jefferson
Interior
Heating Forced Air
Cooling Other
Exterior
Roof Type Unknown
Private Pool No
Building
Story One
Sewer Public Sewer
Schools
School District Elementary: Jefferson County R-1, Middle/Junior: Jefferson County R-1, High: Jefferson County R-1
Others
Senior Community No
Tax ID 136861
Special Listing Condition None Known
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed byMarcus & Millichap Real Estate Investment Services of Atlanta, Inc.
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