5530 W 3rd Pl presents investors with the opportunity to acquire a well-located workforce housing asset in the central Lakewood corridor with a clear path to income growth through below-market in-place rents. With rents materially below renovated comparable properties, a new owner can achieve meaningful NOI expansion through modest interior improvements and natural lease rollover, delivering early yield growth within a stable renter demand segment.
Property details
Property
Type
Quadruplex
MLS type
Residential Income
Status
Active
Year built
1961
Stories
1
Living area
3,000 sqft
Price / sqft
$267
Lot
0.18 AC / 7,840 SF
MLS #
8194077
Interior
Heating
Forced Air
Cooling
Other
Schools
District
Jefferson County R-1
Elementary
Deane
Middle
Alameda Int'l
High
Alameda Int'l
Utilities
Sewer
Public Sewer
Financial
Annual tax
$5,084
Parcel
073468
Special conditions
None Known
Location
Subdivision
754800 TITTES
County
Jefferson
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Listed by Charles Burkhart, Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.