Four-Unit Multifamily
For Sale
$825,000
5410 W 3rd Pl, Lakewood, CO 80226
Four two-bedroom apartments provide a consistent unit configuration within this multifamily property.
Property Size3,100 SF
Days on Market48
Property Features for 5410 W 3rd Pl
General Information
Standard status
Active
Size
3,100 SF
Property subtype
Multifamily
Occupancy
97%
Amenities
100% TWO-BEDROOM UNIT MIX WITH PROVEN RENT DEMAND
ORGANIC NOI GROWTH THROUGH RENT NORMALIZATION
STABILIZED FOUR-UNIT ASSET WITH IMMEDIATE YIELD EXPANSION
Building Details
Building Size
3,100 SF
Units
4
Listed By:
Jason Hornik · License #License(s): CO: FA. 100070708
(303) 328-2064
Source:
Marcusmillichap
Added: Aug 30
Changed: Oct 3
Last Checked: Oct 16 at 5:44AM
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 Jason Hornik
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 5410 W 3rd Pl in Lakewood, Colorado, this multifamily property contains four apartments with a 100% two-bedroom unit mix. The property is presented as stabilized, with current rents averaging $1,300 and modeled market rents of $1,600; financial figures are excluded from this summary where applicable.
The current cap rate is 5.36%, with a projected Year One cap rate of 6.68%. The source information attributes the projected change to loss-to-lease burnoff rather than renovations.
The current cap rate is 5.36%, with a projected Year One cap rate of 6.68%. The source information attributes the projected change to loss-to-lease burnoff rather than renovations.
Key Highlights
- Four‑unit multifamily property at 5410 W 3rd Pl, Lakewood, CO 80226
- 100% two‑bedroom unit mix
- Current cap rate of 5.36%
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,043
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$900,860
$900.9K
Cap Rate 7%
$643,471
$643.5K
Cap Rate 9%
$500,478
$500.5K
Market Conditions
NOI Build-Up for 3,100 SF
Gross rent
$68.8K $22.20/SF
− Vacancy
−$4.5K −$1.44/SF
EGI
$64.3K $20.76/SF
− OpEx
−$19.3K −$6.23/SF
NOI
$45.0K $14.53/SF
Area
Lakewood, CO
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$900,860
Cap Rate 7%
$643,471
Cap Rate 9%
$500,478
Alternative Uses
Best Use
Multifamily LT 5
$643.5K
$563.0K – $750.7K
NOI $45,043 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$563.2K
$492.8K – $657.1K
NOI $39,426 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$928.5K
$812.5K – $1.08M
NOI $64,996 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
562
Businesses Nearby
Explore this area
Business Placement
Demographics for 80226, CO
33,142
Population
14,742
Households
2.2
Avg Household Size
37
Median Age
38%
College-Educated
90%
High-School Grad
8.1 sq mi
ZIP Area
4,092
Density / Sq Mi
$78,466
Median Household Income
$44,640
Median Earnings
$1,738
Median Rent
$547,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom apartments provide a consistent unit configuration within this multifamily property.
Where is this quadplex located?
The property is located at 5410 W 3rd Pl Lakewood, CO.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Four‑unit multifamily property at 5410 W 3rd Pl, Lakewood, CO 80226; 100% two‑bedroom unit mix; Current cap rate of 5.36%
