Jennie Lee
BEDS8
BATHS4
SQUARE FEET3,000
MLS#7782631
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONNeagle Addition
SCHOOLJefferson County R-1
Listing Courtesy of:
Marcus & Millichap Real Estate Investment Services of Atlant
Agency Contact: charles.burkhart@marcusmillichap.com,214-336-6064
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Other
Heating: Forced Air
Roof Type: Unknown
Stories: 1.0
Taxes: $5,084
Year Built: 1962
Feature Descriptions
Baths Total: 4
Days on Site: 6
Exclusions: n/a
Parcel#: 136861
Sewer: Public Sewer
Local Schools
High School: Jefferson
Middle School: Alameda Int'l
Elementary School: Deane
School District: Jefferson County R-1
Listed By / Shown By
Listed By
Agency Name: Marcus & Millichap Real Estate Investment Services of Atlant
Agency Contact: charles.burkhart@marcusmillichap.com,214-336-6064
Shown By
Agent Name: Jennie Lee
Agent Phone: (303) 870-0411
Agency Title: The Cutting Edge, Realtors
Estimate Your Payment
Estimated Payment
$ 4,728.03 per month $4,063.73 Principal & Interest $423.67 Property Tax $240.63 Homeowner's InsuranceChange Payment Information
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5410 W 3rd Place | MLS# 7782631
This multi-family property located at 5410 W 3rd Place , Denver, CO 80226 is currently listed for sale with an asking price of $825,000. W 3rd Place is located within the Jefferson County R-1 school district. Search Denver real estate on jennie.thecuttingedgerealtors.com today.