5410 W 3rd Pl — Sale in Lakewood, CO
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Lakewood, CO 80226
Photos
Investment Figures
- Cap rate
- 5.36%
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
5410 W 3rd Pl is a stabilized four-unit multifamily property in Lakewood, Colorado, offering immediate cash flow and strong rent growth potential. The asset is priced at a 5.36% current cap rate with projected expansion to 6.68% in Year One, driven by rent normalization rather than renovations. Current NOI of $44,213 is projected to increase to $55,092, representing approximately 25% growth through loss-to-lease burnoff. The property features a 100% two-bedroom unit mix with average rents of $1,300 compared to modeled market rents of $1,600, providing a clear path to increased revenue. Located in a mature West Denver rental corridor with strong commuter access and limited multifamily supply, the property offers stable income, near-term yield growth, and long-term appreciation potential. Investment Highlights: • 100% TWO-BEDROOM UNIT MIX WITH PROVEN RENT DEMAND • ORGANIC NOI GROWTH THROUGH RENT NORMALIZATION • STABILIZED FOUR-UNIT ASSET WITH IMMEDIATE YIELD EXPANSION
Market Context
This multifamily in Lakewood, CO is listed for sale. It is offered at an approximate 5.4% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Lakewood, CO — view the full market.
Contact
- Jason Hornik · (303) 328-2064 · jason.hornik@marcusmillichap.com
- Greg Parker · (303) 328-2015 · greg.parker@marcusmillichap.com
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