5410 W 3rd Place, Denver, CO 80226

Denver
Local realty services provided by:Better Homes and Gardens Real Estate Kenney & Company
5410 W 3rd Place,Denver, CO 80226
$825,000
  • 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:$825,000
  • Price per sq. ft.:$275

About this home

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.

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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:$825,000
  • Price per sq. ft.:$275
  • Tax amount:$5,084 (2025)

Parking

  • Total parking spaces:6
MLS LogoBased on information submitted to the MLS GRID as of August 25, 2026 12:54 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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