7-bed, 3-bath residential income in Neagle Addition

Active$600,000

MLS® Listing#3061847 · Residential Income · Listed Aug 24, 2026

5109 E 34th Ave, Denver, CO 80207

Neagle Addition · Denver County

Showing 5 of 6 photos

7Beds

3Baths

2,650Sq Ft

1959Year built

3Garage

Description

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.

Full description online — scan the code for the complete listing.

Property information

Property type: Residential Income
Year built: 1959
Living area: 2,650 Sq Ft
Garage spaces: 3
Annual taxes (2025): $3,449
HOA fee: None
Price / Sq Ft: $226
Days on market: 48
Zoning: E-TU-B

Features

Heating: Forced Air
Parking: Off Street
Lot: Level
Construction: Brick
Sewer / Water: Public Sewer

$600,000List price

7Beds

3Baths

2,650Sq Ft

1959Year built

3Garage

6 weeks agoOn market

$600,000

5109 E 34th Ave

Denver, CO 80207

Active

Your local EXIT Realty office

EXIT Mosaic RealtyCentennial, COCall

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Description

Property Information

Property type: Residential Income
Year built: 1959
Living area: 2,650 Sq Ft
Garage spaces: 3
Parking spaces: 3
Zoning: E-TU-B
Days on market: 48
MLS^® Listing#: 3061847

Property Features

Heating: Forced Air
Parking: Off Street
Lot features: Level
Construction: Brick
Roof: Other
Sewer: Public Sewer

Schools

Elementary: Denver Green
Middle: Denver Discovery
High: East

Financial Details

HOA: None
Annual taxes: $3,449Tax year 2025

Denver Market Statistics

How this home compares to 8,865 active listings in Denver, CO

	Denver median	This listing
Median listing price	$525,000	$600,000
Median days on market	67	48
Median Sq Ft	1,449	2,650
Median price / Sq Ft	$352	$226

Market statistics compiled from active EXIT Realty® and MLS listings in Denver, CO.

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Description

Property Information

Property Features

Schools

Financial Details

Denver Market Statistics

Commute Calculator

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Connect with a Local Real Estate Expert

Stephan Poullier

Tasha Beckman

Nicole Robilotto

Amanda Edmondson

Marina-Jeanne Lewallen

Amy Ashby

Denver Market Statistics

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