UPDATED:
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
Abv Grd Liv Area 2,650
Year Built 1959
Annual Tax Amount $3,449
Tax Year 2025
Property Sub-Type Triplex
Source recolorado
Property Description
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.
Location
State CO
County Denver
Zoning E-TU-B
Interior
Heating Forced Air
Cooling Other
Fireplace N
Exterior
Roof Type Unknown
Total Parking Spaces 3
Garage No
Building
Lot Description Level
Sewer Public Sewer
Level or Stories One
Structure Type Brick
Schools
Elementary Schools Denver Green
Middle Schools Denver Discovery
High Schools East
School District Denver 1
Others
Senior Community No
Ownership Individual
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Schools and Properties Nearby
Learn More About LPT Realty
Cesar Peña
Real Estate Advisor License ID: FA.100097076
Real Estate Advisor License ID: FA.100097076