#2529275, The Storck Team, Listing Office: EXIT Realty DTC, Cherry Creek, Pikes Peak.

3420 W 5th Ave Denver, CO 80204
Property details
About 3420 W 5th Ave
Profitable Investment Opportunity in Denver’s Thriving Barnum Neighborhood! This 1,500 sq. ft. lot presents an excellent opportunity for redevelopment in a rapidly revitalizing area. Surrounded by properties valued at $500K+, this lot is ideal for a scrape-and-build project or other investment opportunities. • Zoning & Development Potential: The seller is obtaining an official zoning letter from the city to confirm permitted uses. Previously home to an Accessory Dwelling Unit (ADU), the lot may allow for additional development options beyond an ADU. • Ideal for 1031 Exchange: A great option for investors seeking a 1031 exchange, with strong potential for residential income development in a growing neighborhood. • Prime Location: Walkable to Barnum Park, close to Barnum Recreation Center and the bike park, with convenient access to shopping, dining, public transportation and major roadways. • Land Sale Opportunity: The existing structure is likely beyond repair, making this best suited for redevelopment rather than a rehab investment. Zoning letter has been obtained. Notes from City Planner in Denver: The primary structure is not an ADU as this is its own zone lot. Yes the zone district lists a 6,000 SF minimum, but since the primary structure was built before zoning code, it is on a Non-conforming zone lot. Use and development of Non-conforming zone lots is covered in DZC 12.10.3.4. Buyers can scrape and rebuild, it would not be to the ADU form standard. It would be required that they develop it under E-SU-Dx zoning regulations, and the Suburban House form standard is the only form allowed for a small non-conforming zone lot. Don’t miss this chance to capitalize on Barnum’s ongoing transformation! Contact us for zoning details, land use possibilities, and 1031 exchange eligibility.
Highlights
(Pending)
Summary
- MLS Number: 3776601
- MLS Name: RECOLORADO
- Office Name: LIV Sotheby's International Realty
- Office Phone: (720) 284-4169
- Office Email: mmetzler@livsothebysrealty.com
- Listing Agent: Meghan Metzler
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Greenwood Village, CO 80111 USA
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$125,000
3420 W 5th Ave
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $18,790 | $1,455 |
2022 | $16,900 | $764 |
2021 | $17,390 | $764 |
2020 | $15,260 | $601 |
2019 | $15,260 | $358 |
2018 | $9,270 | $357 |
2017 | $9,270 | $290 |
History based on county public records data.
Nearby schools
1
Barnum Elementary School
Public District PK-5
0.5 mi
•85 Hooker St
3
Eagleton Elementary School
Public District EE-5
0.5 mi
•880 Hooker St
4
Newlon Elementary School
Public District PK-5
0.8 mi
•361 Vrain St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $46,396. Residents of Denver, CO typically earn between $35k-100k each year. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.
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Frequently asked questions
About 3420 W 5th Ave
This home is located at 3420 W 5th Ave in Denver, CO and zip code 80204 in the Southwest Denver neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since March 6, 2025 and is currently priced at $125,000.
In March 2025, from all listings sold in Denver, CO there were more than 214 sold above asking price, over 415 sold below and more than 201 were sold right at the asked price. In March 2025 in Denver, CO there were 25.7% more homes for sale than in February. The median list price of listings available in March 2025 was $584,293, while the average time on the real estate market was 47 days.