$600,000

Estimated payment $3,598/month

Total Views 392
7 Beds
3 Baths
2,650 Sq Ft
$226 Price per Sq Ft

Highlights

  • No HOA
  • 1-Story Property
  • Level Lot
  • McAuliffe International School Rated A
  • Forced Air Heating System

About This Home

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.

Listing Agent

Charles Burkhart

Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. Brokerage Email: charles.burkhart@marcusmillichap.com,214-336-6064 License #100103787 Listed on: 08/24/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,449

Year Built

  • Built in 1959

Parking

  • 3 Parking Spaces

Home Design

  • Triplex
  • Brick Exterior Construction

Interior Spaces

  • 2,650 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Schools

  • Denver Green Elementary School
  • Denver Discovery Middle School
  • East High School

Additional Features

  • Level Lot
  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Neagle Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1301-15-023

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,449

Year Built

Built in 1959

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Structure Type: Triplex
  • Levels: One
  • Year Built: 1959
  • Above Grade Finished Sq Ft: 2650
  • Exclusions: n/a
  • Living Area: 2650
  • SubdivisionName: Neagle Addition
  • Ownership: Individual
  • Property Attached Yn: No
  • REC_RVSpaces: 0
  • REC_AdditionalLivingStructureYN: 0
  • Special Features: None

Interior Features

  • Basement: No
  • Total Bedrooms: 7

Exterior Features

  • Roof: Unknown
  • Construction Materials: Brick

Garage/Parking

  • Attached Garage: No
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Heating: Forced Air

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 0.00
  • REC_AssociationFeeTotalAnnual: 0.00

Schools

  • Middle Or Junior School: Denver Discovery

Lot Info

  • Parcel Number: 1301-15-023
  • Building Area Total: 2650
  • Lot Features: Level

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 3449

MLS Schools

  • Elementary School: Denver Green
  • High School: East

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,449 $45,080 $13,400 $13,400
2024 $3,755 $47,410 $9,050 $38,360
2023 $3,674 $47,410 $9,050 $38,360
2022 $3,061 $38,490 $8,620 $29,870
2021 $3,020 $40,470 $9,060 $31,410
2020 $2,565 $34,570 $9,060 $25,510
2019 $2,493 $34,570 $9,060 $25,510
2018 $2,404 $31,070 $5,930 $25,140
2017 $2,397 $31,070 $5,930 $25,140
2016 $1,652 $20,260 $6,050 $14,210
2015 $1,583 $20,260 $6,050 $14,210
2014 $1,018 $12,260 $4,036 $8,224
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/24/2026 08/24/26 For Sale $600,000 -- $226 / Sq Ft
Source: REcolorado®

Source: REcolorado®

MLS Number: 3061847

REcolorado®

APN: 1301-15-023

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