Stabilized 5-Unit
For Sale
Contact for pricing
Pending
3201 W Alabama Pl, Denver, CO 80219
Stabilized 5-unit property with all two-bedroom units and current NOI of $56,427.
Days on Market100
Property Features for 3201 W Alabama Pl
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Cap Rate
5.49%
Multifamily Units
5
Listing Agency:
Marcus & Millichap - Denver
Listed By:
Charles Burkhart · License #FA100103787
Source:
Crexi
Added: Apr 24
Changed: Jul 22
Last Checked: Jul 31 at 11:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Denver
Investment Insights
Based on property information with market context.
3201 W Alabama Pl is a stabilized 5-unit multifamily asset with an all-two-bedroom unit mix. The property is currently generating $56,427 in NOI, and the in-place performance is reflected in a 5.49% in-place cap rate. Current rents average $1,400 per unit across 100% two-bedroom floor plans, with an average unit size of 867 SF.
The current operating position includes projected Year 1 NOI growth to $74,056. That projected increase is attributed to natural loss-to-lease burn-off, modest rent adjustments, and the implementation of ancillary income such as pet rent, application fees, and late fees.
The listing also notes market rent estimates of $1,510 per unit, creating a defined mark-to-market outlook versus current in-place rents. The overall value proposition is presented as a small multifamily offering with organic revenue upside and no major capital expenditures.
The current operating position includes projected Year 1 NOI growth to $74,056. That projected increase is attributed to natural loss-to-lease burn-off, modest rent adjustments, and the implementation of ancillary income such as pet rent, application fees, and late fees.
The listing also notes market rent estimates of $1,510 per unit, creating a defined mark-to-market outlook versus current in-place rents. The overall value proposition is presented as a small multifamily offering with organic revenue upside and no major capital expenditures.
Key Highlights
- Stabilized 5‑unit multifamily in Southwest Denver with all units as 2‑bedroom floor plans.
- Current annual NOI of $56,427 with a 5.49% in‑place cap rate.
- Projected Year 1 NOI of $74,056 through natural loss‑to‑lease burn‑off and modest rent adjustments plus ancillary income.
Property Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
783
Businesses Nearby
Explore this area
Business Placement
Demographics for 80219, CO
61,585
Population
21,729
Households
2.8
Avg Household Size
33
Median Age
22%
College-Educated
72%
High-School Grad
7.4 sq mi
ZIP Area
8,322
Density / Sq Mi
$67,325
Median Household Income
$41,153
Median Earnings
$1,464
Median Rent
$426,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Stabilized 5-unit property with all two-bedroom units and current NOI of $56,427.
Where is this apartment building located?
The property is located at 3201 W Alabama Pl Denver, CO.
What are key features of this property?
This property features: Stabilized 5‑unit multifamily in Southwest Denver with all units as 2‑bedroom floor plans.; Current annual NOI of $56,427 with a 5.49% in‑place cap rate.; Projected Year 1 NOI of $74,056 through natural loss‑to‑lease burn‑off and modest rent adjustments plus ancillary income.
