$825,000

Residential Income In Denver

  • 8 Beds
  • 4 Baths
  • 3,000 Sqft
  • Updated: Yesterday
  • Source:
    IRES MLS  MLS#7782631

About the Property

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 throug
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.
  • Property type

    Other

  • Year built

    1962

  • Price/sqft

    $275

Features

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5410 W 3rd Pl, Lakewood, Colorado, United States View on Google Maps
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Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. - Calabasas

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Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. - Calabasas
California, United States
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7
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2026
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Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. - Calabasas
Calabasas, California, United States
View agency profile
Last updated
Yesterday
First listed
Aug 25
Listing reference
7782631
Listing status
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