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

5410 W 3rd Denver, CO 80226

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Angela Knight

Angela Knight

+1(303) 810-4373

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,000 sqft

Subdivision Neagle Addition

MLS Listing ID IRE7782631

Bedrooms 8

HOA Y/N No

Year Built 1962

Annual Tax Amount $5,084

Tax Year 2025

Source ires

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

Community Neagle Addition

Area Metro Denver

Interior

Heating Forced Air

Exterior

Parking Features Off Street

Garage Spaces 6.0

View Y/N No

Roof Type Other

Garage Yes

Building

Sewer Public Sewer

Level or Stories One

Structure Type Other

New Construction false

Schools

Elementary Schools Deane

Middle Schools Alameda Int'L

High Schools Jefferson Dist R-1

School District Jefferson Dist R-1

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Private Owner

Information and Real Estate Services (IRES)
Listed by Charles Burkhart

NEARBY SCHOOL & BUSINESS

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Angela Knight

Angela Knight

REALTOR® | CRS | MRP | ABR® | CMAS | SRS | LHC License ID: CO: EA1313250 | PA: RS369282

+1(303) 810-4373

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5410 W 3rd