Address
5109 E 34th Avenue, Denver, CO
Price
$ 600,000
Property Attributes
- MLS#3061847
- TypeMulti-Family
- Listing Status Active
- CountyDENVER
- CityDenver
- NeighborhoodNeagle Addition
- Zip80207
- StyleTriplex
- Year Built1959
- Taxes$ 3449
- Price$ 600,000
- Bedrooms7
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage2650
Data Source:
REColorado (MTOMLS)
Property Description
Marcus & Millichap is pleased to present the exclusive opportunity to acquire 5109 E 34th Ave, a stabilized three-unit multifamily investment located in Denver’s North Park Hill neighborhood. Offered at $600,000, the property provides investors with an attractive 5.97% current cap rate with projected expansion to 6.75% in Year One, combining strong in-place cash flow with meaningful organic income growth. The property generates $35,816 in current NOI with projected growth to $40,477 in Year One, representing approximately 13% NOI expansion. The diversified unit mix consists of one 1 Bed / 1 Bath, one 2 Bed / 1 Bath, and one 4 Bed / 1 Bath unit, providing exposure to multiple renter profiles within a single small-scale multifamily investment. Below-market rents on portions of the property create a clear path to additional income through natural lease rollover rather than significant capital investment. Located in North Park Hill with convenient access to Downtown Denver, City Park, major transportation corridors, and the broader Central Denver employment base, 5109 E 34th St combines an established residential location with an attainable acquisition price and visible Year One yield expansion. The offering represents a differentiated opportunity for investors seeking stable in-place cash flow, manageable operations, and continued income growth within the Denver MSA.
| Elementary School | Middle School | High School |
|---|---|---|
| Denver Green Elementary School | Denver Discovery Middle School | East High School |
| Price History | |
|---|---|
| 8/24/2026 | Listed $600,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air |
| Cooling | Other |
| Roof | Unknown |
| Zoning | E-TU-B |
| Construction Materials | Brick |
| Exclusions | n/a |
| Year Built | 1959 |
| Levels | One |
| Property Subtype | Triplex |
| Tax Year | 2025 |
| Ownership | Individual |
| County | Denver |
| Property Type | Residential Income |
| HOA | No |
| Attached Garage | No |
| Subdivision Name | Neagle Addition |
| Status | Active |
| High School | East |
| City | Denver |
| Senior Community Y/N | No |
| High School District | Denver 1 |
| Listing Terms | Cash,Conventional |
| Elementary School | Denver Green |
| Tax Annual Amount | 3449 |
| Middle/Junior High School | Denver Discovery |
| Structure Type | Triplex |
| Standard Status | Active |
| Occupancy Type | Owner |
| Middle/Junior School District | Denver 1 |
| Elementary School District | Denver 1 |
Interior Features
| Basement (Y/N) | No |
|---|---|
| Above Grade Finished Area | 2650 |
| Total Bedrooms | 7 |
| Total Baths | 3 |
Exterior Features
| Lot Features | Level |
|---|---|
| Total Parking | 3 |
| Building Area Total | 2650 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 80207
Price
Taxes
Year Built
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