BEDS7
BATHS3
SQUARE FEET2,650
MLS#3061847
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONNeagle Addition
SCHOOLDenver 1
Listing Courtesy of:
Marcus & Millichap Real Estate Investment Services of Atlant
Agency Contact: charles.burkhart@marcusmillichap.com,214-336-6064
Property Description
Marcus & Millichap is pleased to present the exclusive opportunity to acquire 5109 E 34th Ave, a stabilized three-unit multifamily investment located in Denvers 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, providingexposure 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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Other
Heating: Forced Air
Roof Type: Unknown
Stories: 1.0
Taxes: $3,449
Year Built: 1959
Feature Descriptions
Baths Total: 3
Days on Site: 8
Exclusions: n/a
Exterior: Brick
Lot: Level
Parcel#: 1301-15-023
Sewer: Public Sewer
Local Schools
High School: East
Middle School: Denver Discovery
Elementary School: Denver Green
School District: Denver 1
Listed By / Shown By
Listed By
Agency Name: Marcus & Millichap Real Estate Investment Services of Atlant
Agency Contact: charles.burkhart@marcusmillichap.com,214-336-6064
Shown By
Agent Name: Janalynn Rhein
Agent Phone: (719) 290-9657
Agency Title: The Cutting Edge, Realtors
Estimate Your Payment
Estimated Payment
$ 3,417.86 per month $2,955.44 Principal & Interest $287.42 Property Tax $175.00 Homeowner's InsuranceChange Payment Information
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5109 E 34th Avenue | MLS# 3061847
This multi-family property located at 5109 E 34th Avenue, Denver, CO 80207 is currently listed for sale with an asking price of $600,000. E 34th Avenue is located within the Denver 1 school district. Search Denver real estate on www.janarhein.realtor today.