7 Beds
3 Baths
2,650 SqFt
7 Beds
3 Baths
2,650 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,650 sqft
Subdivision Neagle Addition
MLS Listing ID IRE3061847
Bedrooms 7
HOA Y/N No
Year Built 1959
Annual Tax Amount $3,449
Tax Year 2025
Source ires
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
Community Neagle Addition
Area Metro Denver
Zoning E-TU-B
Interior
Heating Forced Air
Exterior
Parking Features Off Street
Garage Spaces 3.0
View Y/N No
Roof Type Other
Garage Yes
Building
Lot Description Level
Sewer Public Sewer
Level or Stories One
Structure Type Brick
New Construction false
Schools
Elementary Schools Denver Green
Middle Schools Denver Discovery
High Schools Denver District 1
School District Denver District 1
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Private Owner
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