About 5410 W 3rd Place
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.
Features of 5410 W 3rd Place
| MLS® # | 7782631 |
|---|---|
| Price | $825,000 |
| Bedrooms | 8 |
| Bathrooms | 4.00 |
| Square Footage | 3,000 |
| Year Built | 1962 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information
| Address | 5410 W 3rd Place |
|---|---|
| Subdivision | Neagle Addition |
| City | Denver |
| County | Jefferson |
| State | CO |
| Zip Code | 80226 |
Amenities
| Parking Spaces | 6 |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | Other |
| Fireplace | No |
| Stories | One |
Exterior
| Roof | Unknown |
|---|
School Information
| District | Jefferson County R-1 |
|---|---|
| Elementary | Deane |
| Middle | Alameda Int'l |
| High | Jefferson |
Additional Information
| Date Listed | August 24th, 2026 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. |
|---|---|
| Contact Info | charles.burkhart@marcusmillichap.com,214-336-6064 |