5410 W 3rd PL, Denver, CO 80226
5410 W 3rd PL, Denver, CO 80226
5410 W 3rd PL, Denver, CO 80226
6
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$825,000
Est. payment /mo
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8 Beds
3,000 SqFt
New

5410 W 3rd PL Denver, CO 80226

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Steve Prewitt - Investing In Colorado Real Estate

Steve Prewitt - Investing In Colorado Real Estate

+1(719) 439-0241

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Key Details

Property Type Multi-Family

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

Abv Grd Liv Area 3,000

Year Built 1962

Annual Tax Amount $5,084

Tax Year 2025

Property Sub-Type Quadruplex

Source recolorado

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

Fireplace N

Exterior

Roof Type Unknown

Total Parking Spaces 6

Garage No

Building

Sewer Public Sewer

Level or Stories One

Structure Type Other

Schools

Elementary Schools Deane

Middle Schools Alameda Int'L

High Schools Jefferson

School District Jefferson County R-1

Others

Senior Community No

Ownership Individual

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

REColorado (REColorado MLS)
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.

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Steve Prewitt - Investing In Colorado Real Estate

Steve Prewitt - Investing In Colorado Real Estate

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+1(719) 439-0241

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