Address
5410 W 3rd Place, Denver, CO
Price
$ 825,000
Property Attributes
- MLS#7782631
- TypeMulti-Family
- Listing Status Active
- CountyJEFFERSON
- CityDenver
- NeighborhoodNeagle Addition
- Zip80226
- StyleQuadruplex
- Year Built1962
- Taxes$ 5084
- Price$ 825,000
- Bedrooms8
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage3000
Data Source:
REColorado (MTOMLS)
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.
| Elementary School | Middle School | High School |
|---|---|---|
| Deane Elementary School | Alameda Int'l Middle School | Jefferson High School |
| Price History | |
|---|---|
| 8/24/2026 | Listed $825,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air |
| Cooling | Other |
| Roof | Unknown |
| Construction Materials | Other |
| Exclusions | n/a |
| Year Built | 1962 |
| Levels | One |
| Property Subtype | Quadruplex |
| Tax Year | 2025 |
| Ownership | Individual |
| County | Jefferson |
| Property Type | Residential Income |
| HOA | No |
| Attached Garage | No |
| Subdivision Name | Neagle Addition |
| Status | Active |
| High School | Jefferson |
| City | Denver |
| Senior Community Y/N | No |
| High School District | Jefferson County R-1 |
| Listing Terms | Cash,Conventional |
| Elementary School | Deane |
| Tax Annual Amount | 5084 |
| Middle/Junior High School | Alameda Int'l |
| Structure Type | Quadruplex |
| Standard Status | Active |
| Occupancy Type | Owner |
| Middle/Junior School District | Jefferson County R-1 |
| Elementary School District | Jefferson County R-1 |
Interior Features
| Basement (Y/N) | No |
|---|---|
| Above Grade Finished Area | 3000 |
| Total Bedrooms | 8 |
| Total Baths | 4 |
Exterior Features
| Total Parking | 6 |
|---|---|
| Building Area Total | 3000 |
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 80226
Price
Taxes
Year Built
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