5109 E 34th Ave - Multi-Family FOR SALE


Denver, CO 80207- Park Hill
$600,000 USD
214-336-6064
5109 E 34th Ave, Denver, CO for Sale
$600,000 USD
Multi-Family - FOR SALE
1/6
null | 5.97% Cap Rate

5109 E 34th Ave
Denver, CO 80207
Park Hill


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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$226 USD /SF

# OF UNITS

3

PRICE/UNIT

$200,000

CAP RATE

5.97%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

1301-15-023

ASK ABOUT THIS PROPERTY

Charles BurkhartMarcus & MillichapMore Info
214-336-6064

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Charles BurkhartMarcus & MillichapMore Info
214-336-6064

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.