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.
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
Price:
$800,000
MLS #:
REC7782631
Status:
Active
Beds:
8
Baths:
4
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
Neagle Addition
Finished Sq Ft:
3,000
Total Sq Ft:
3,000
Year Built:
1962
Schools
School District:
Jefferson County R-1
Elementary School:
Deane
Middle School:
Alameda Int’l
High School:
Jefferson
Interior
Above Grade Finished Area
3000
Cooling
Other
Heating
Forced Air
Levels
One
Exterior
Construction Materials
Other
Parking Spots
6
Parking Total
6
Roof
Unknown
Financial
Tax Year
2025
Taxes
$5,084
Map
Contact Us
Mortgage Calculator
Property Summary
- Located in the Neagle Addition subdivision, 5410 W 3rd Place Denver CO is a Multi Family for sale in Denver, CO, 80226. It is listed for $800,000 To schedule a showing of MLS#rec7782631 at 5410 W 3rd Place in Denver, CO, contact your Smart Sale AI agent at 3039066915.
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Additional Details
MLS ID : REC7782631
Listing Key : REC2056419701
Parcel Number : 136861
Zip Code : 80226
City : Denver
State : CO
Building if Condo :
Full Street: 5410 W 3rd Place
Address : 5410
Address Prefix :
Address Suffix : Place
Street : 3rd
Street Prefix : W
Street Suffix :
Unit if Condo :
Latitude : 39.721924
Longitude : -105.056465
Property Type : multifamily
Property Sub Type : Quadruplex
Stories Total if Condo :
Lot Size :
Ownership : Individual
Zoning :
Condition :
Renovation :
Pets Allowed :
Special Conditions : None
Possession :
Original Price : 825000
Close Price :
Close Date :
List Date : Aug 24, 2026
List Contract Date : 2026-08-24
Off Market Date :
Purchase Contract Date :
Days on Market : 56
Concessions Amount :
Concession Comment :
Renovation :
Company : Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.
Copyright 2026. All rights reserved.
5410 W 3rd Place
Denver, CO