Marcus & Millichap is pleased to present the exclusive opportunity to acquire 5410 W 3rd Pl, a stabilized four-unit multifamily investment located in Lakewood, Colorado. Offered at a 5.67% current cap rate with projected expansion to 6.68% in Year One, the property provides investors with measurable income growth through achievable rent normalization rather than speculative renovation execution.
The property generates $44,213 in current NOI with projected growth to $55,092 in Year One, reflecting approximately 25% NOI expansion through loss-to-lease burnoff alone. The 100% two-bedroom unit mix features current rents averaging approximately $1,300 per month compared to modeled market rents of $1,600, creating a clear path to continued income growth while aligning with durable renter demand in one of West Denver’s most established rental corridors.
With strong commuter connectivity, limited small-scale multifamily supply, and visible NOI growth, 5410 W 3rd Pl represents a compelling opportunity for investors seeking stable in-place cash flow, early yield expansion, and long-term appreciation
within the Denver MSA.
Property details
Property
Type
Quadruplex
MLS type
Residential Income
Status
Active
Year built
1962
Stories
1
Living area
3,000 sqft
Price / sqft
$267
MLS #
7782631
Interior
Heating
Forced Air
Cooling
Other
Schools
District
Jefferson County R-1
Elementary
Deane
Middle
Alameda Int'l
High
Jefferson
Utilities
Sewer
Public Sewer
Financial
Annual tax
$5,084
Parcel
136861
Special conditions
None Known
Location
Subdivision
Neagle Addition
County
Jefferson
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Listed by Charles Burkhart, Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.