Multifamily
5109 E 34th Ave
5109 E 34th Ave, Denver, CO 80207
Listing Price: $600,000
Investment Overview
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.
5109 E 34th Ave
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
Exclusively Listed By
Listing Price: $600,000
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
Investment Overview
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.
Exclusively Listed By
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