Stabilized 5-Unit
3201 W Alabama Pl Denver, CO 80219
For Sale
Contact for pricing
Pending
Stabilized 5-unit property with all two-bedroom units and current NOI of $56,427.
Days on Market92
Property Features for 3201 W Alabama Pl
General Information
- Standard status
- Pending
- Property subtype
- Multifamily
Listing Agency:
Marcus & Millichap - Denver
Listed By:
Charles Burkhart · License #FA100103787
Source:
Crexi
Added: Apr 24
Changed: Jul 22
Last Checked: Jul 24 at 10:05AM
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
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
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.
