5109 E 34th Ave — Sale in Denver, CO

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Denver, CO 80207

Photos

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Investment Figures

Cap rate
6.23%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present 5109 E. 34th Ave, a stabilized three-unit multifamily investment in Denver’s North Park Hill neighborhood offered at $600,000. The property delivers a 5.97% current cap rate with projected expansion to 6.75% in Year One, driven by approximately 13% NOI growth from $35,816 to $40,477 through organic rent increases and natural lease rollover. Featuring a diversified unit mix of one 1-bedroom, one 2-bedroom, and one 4-bedroom apartment, the asset appeals to multiple renter profiles while providing stable in-place cash flow and upside potential. Conveniently located near Downtown Denver, City Park, and major employment and transportation corridors, 5109 E. 34th Ave offers investors an attainable entry point into a desirable Central Denver submarket with strong income growth prospects and manageable operations. Investment Highlights: • DIVERSIFIED UNIT MIX WITH ONE-, TWO-, AND FOUR-BEDROOM FLOOR PLANS • STRONG CASH FLOW WITH 13%+ NOI GROWTH IN YEAR ONE • ATTAINABLE ENTRY POINT FOR MULTIFAMILY OWNERSHIP IN NORTH PARK HILL • STABILIZED THREE-UNIT ASSET WITH MEANINGFUL YIELD EXPANSION • DESIRABLE NORTH PARK HILL LOCATION WITH PROXIMITY TO DOWNTOWN DENVER • ORGANIC NOI GROWTH THROUGH BELOW-MARKET RENTS

Market Context

This multifamily in Denver, CO is listed for sale. It is offered at an approximate 6.2% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Denver, CO — view the full market.

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