5109 E 34th Ave Denver, CO 80207
Northeast Park Hill NeighborhoodEstimated payment $3,598/month
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
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
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®
MLS Number: 3061847
APN: 1301-15-023
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Ask me questions while you tour the home.