7 Beds
3 Baths
2,650 SqFt
7 Beds
3 Baths
2,650 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,650 sqft
Subdivision Neagle Addition
MLS Listing ID IRE3061847
Bedrooms 7
HOA Y/N No
Year Built 1959
Annual Tax Amount $3,449
Tax Year 2025
Source ires
Property Description
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.
Location
State CO
County Denver
Community Neagle Addition
Area Metro Denver
Zoning E-TU-B
Interior
Heating Forced Air
Exterior
Parking Features Off Street
Garage Spaces 3.0
View Y/N No
Roof Type Other
Garage Yes
Building
Lot Description Level
Sewer Public Sewer
Level or Stories One
Structure Type Brick
New Construction false
Schools
Elementary Schools Denver Green
Middle Schools Denver Discovery
High Schools Denver District 1
School District Denver District 1
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Private Owner
Schools and Properties Nearby
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