Updated Duplex with Four
11036 11038 E 4th Way Aurora, CO 80010
11036 11038 E 4th Way, Aurora, CO, 80010
$1,092,000
For Sale
$1,092,000
Remodeled 4-unit duplex arrangement offers each unit a kitchen and bath, serviced by one water meter and two electric meters.
Property Size3,692 SF
Lot Size0.17 Acres
Price / SF$295.77
Days on Market76
Property Features for 11036 11038 E 4th Way
General Information
- Standard status
- Active
- Size
- 3,692 SF
- Lot size
- 0.17 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1965
Listing agency
(303) 902-0616
Listed by
April Andrews · License #100077441
(303) 902-0616
Source
Exitrealty
Added: May 8 Updated: Jul 21 at 2:19AM Checked: Jul 22 at 9:41AM
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 April Andrews
Investment Insights
Based on property information with market context.
Investor-focused duplex property operating as four fully rentable units, with each unit including its own kitchen and bath. The property was originally built in 1965 and underwent a full remodel in 2021–2022, with additional capital improvements since. Reported updates include a brand-new Class 4 impact-resistant roof in 2025, new furnaces for basement units in 2022, Bosch high-efficiency mini-splits in main level units (2023–2024), and new A/C for basement units in 2022. Additional improvements include a 2023 sewer and drain line replacement, a 2024 washer and dryer, and a 2023 dishwasher, along with quartz countertops and stainless steel appliances across units.
The property is serviced by one water meter and two electric meters, with one meter per address. Residents are responsible for gas, electric, trash, internet, and cable, and the owner currently covers water for one unit (11038-A) under a prior lease. The property is listed with zoning as a duplex while being operated as four units.
With stable residents in place and a configuration designed for independent unit living, the property supports straightforward rental operations under the four-unit setup.
The property is serviced by one water meter and two electric meters, with one meter per address. Residents are responsible for gas, electric, trash, internet, and cable, and the owner currently covers water for one unit (11038-A) under a prior lease. The property is listed with zoning as a duplex while being operated as four units.
With stable residents in place and a configuration designed for independent unit living, the property supports straightforward rental operations under the four-unit setup.
Key Highlights
- Remodeled duplex configured as 4 fully rentable units, each with its own kitchen and bath
- Annual rent roll of $82,200 with NOI of $73,282 (approx. 6.7% cap rate at list price)
- 3,692 SF on a 7,449 SF lot; zoning listed as a duplex while operating as four units
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.0k | $22.20 |
| − Vacancy | −$6.1k | −$1.67 |
| EGI | $75.8k | $20.54 |
| − OpEx | −$22.7k | −$6.16 |
| NOI | $53.1k | $14.37 |
3,692 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$758.2K
$663.4K – $884.5K
NOI $53,071 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$704.0K
$616.0K – $821.4K
NOI $49,281 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$1.03M
$902.7K – $1.20M
NOI $72,216 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Remodeled 4-unit duplex arrangement offers each unit a kitchen and bath, serviced by one water meter and two electric meters.
Where is this quadplex located?
The property is located at 11036 11038 E 4th Way Aurora, CO.
What is the asking price?
The asking price for this property is $1,092,000.
What are key features of this property?
This property features: Remodeled duplex configured as 4 fully rentable units, each with its own kitchen and bath; Annual rent roll of $82,200 with NOI of $73,282 (approx. 6.7% cap rate at list price); 3,692 SF on a 7,449 SF lot; zoning listed as a duplex while operating as four units
