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William Watson

bill@watsonrg.com +1(720) 463-0002

$600,000

Est. payment - /mo

7 Beds

3 Baths

2,650 SqFt

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,650 sqft

Price per Sqft $226

Subdivision Neagle Addition

MLS Listing ID 3061847

Bedrooms 7

HOA Y/N No

Year Built 1959

Property Sub-Type Triplex

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.

Location

State CO

County Denver

Zoning E-TU-B

Interior

Heating Forced Air

Cooling Other

Exterior

Roof Type Unknown

Private Pool No

Building

Lot Description Level

Story One

Sewer Public Sewer

Schools

School District Elementary: Denver 1, Middle/Junior: Denver 1, High: Denver 1

Others

Senior Community No

Tax ID 1301-15-023

Special Listing Condition None Known

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Listed byMarcus & Millichap Real Estate Investment Services of Atlanta, Inc.

Nearby Locations

"Many agents say they put their client’s needs first, but the Watson Realty Group are on a mission to actually do it by providing their clients several GUARANTEE programs that take the risk out of selling or buying a home. We are passionate about providing these guarantees, and at the same time making each of our clients feel as though they are our only client. We Live Here, We Work Here and We are Here to Serve You! "

+1(720) 463-0002

bill@watsonrg.com

CO, USA

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5109 E 34th AVE Denver, CO 80207