Renovated Triplex with Oversized
For Sale
$599,000
11050 E 14th Avenue, Aurora, CO 80010
Renovated triplex with multiple private outdoor areas, off-street parking, and a two-car garage above which a unit resides.
Property Size2,180 SF
Days on Market82
Property Features for 11050 E 14th Avenue
General Information
Standard status
Active
Size
2,180 SF
Property subtype
Triplex
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$4,035
Building Details
Building Size
2,180 SF
Year Built
1951
Year Renovated
2018
Listing Agency:
Brokers Guild Homes
(303) 752-0007
Listed By:
Kenneth Crounse
Source:
Eliselosassore
Added: Jun 10
Changed: Aug 23
Last Checked: Aug 29 at 4:02PM
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 Brokers Guild Homes
Investment Insights
Based on property information with market context.
This renovated triplex features three separate residential units. Unit A includes a 3-bedroom layout with 1 bathroom, plus both a private front-yard patio and a private backyard with an enclosed patio area. Unit B offers 2 bedrooms and 1 bathroom and includes dedicated washer/dryer units, as well as two private off-street parking spaces; the unit is vacant and ready to rent. Unit C is a 2-bedroom, 1-bath home located above an oversized two-car garage and includes a private fenced yard for personal use.
The property is located at 11050 E 14th Ave in Aurora, Colorado, and is surrounded by new Fitzsimmons Campus development projects. The building is currently configured as a triplex, and it is zoned for a fourplex, with the potential for an easy two-story addition to the far left side of the lot.
Renovations are supported by documented improvements completed under an insurance settlement in 2018 for Unit C, including full electrical updates to code throughout the building, with new electrical meters and electrical panels in the garage, and new work from the studs/drywall inwards. That scope included updates to the kitchen, bathroom, plumbing, heating, flooring, windows, and required permits. Onsite laundry is shared between Unit A and Unit C and is tucked away in the corner of the garage. The oversized two-car garage also provides flexibility for additional income potential.
The property is located at 11050 E 14th Ave in Aurora, Colorado, and is surrounded by new Fitzsimmons Campus development projects. The building is currently configured as a triplex, and it is zoned for a fourplex, with the potential for an easy two-story addition to the far left side of the lot.
Renovations are supported by documented improvements completed under an insurance settlement in 2018 for Unit C, including full electrical updates to code throughout the building, with new electrical meters and electrical panels in the garage, and new work from the studs/drywall inwards. That scope included updates to the kitchen, bathroom, plumbing, heating, flooring, windows, and required permits. Onsite laundry is shared between Unit A and Unit C and is tucked away in the corner of the garage. The oversized two-car garage also provides flexibility for additional income potential.
Key Highlights
- 1951 tri‑plex with Unit A (3BD/1BA, approx. 1,100 SF) and private backyard plus private front yard patio
- Unit B (2BD/1BA, 800 SF) renovated and vacant; newer kitchen with granite countertops and newer appliances
- Unit B includes dedicated washer/dryer and two private off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,336
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$626,720
$626.7K
Cap Rate 7%
$447,657
$447.7K
Cap Rate 9%
$348,178
$348.2K
Market Conditions
NOI Build-Up for 2,180 SF
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.
Gross rent
$48.4K $22.20/SF
− Vacancy
−$3.6K −$1.67/SF
EGI
$44.8K $20.54/SF
− OpEx
−$13.4K −$6.16/SF
NOI
$31.3K $14.37/SF
Area
Aurora, CO
Vacancy
7.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$626,720
Cap Rate 7%
$447,657
Cap Rate 9%
$348,178
Alternative Uses
Best Use
Multifamily LT 5
$447.7K
$391.7K – $522.3K
NOI $31,336 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$415.7K
$363.7K – $485.0K
NOI $29,099 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$609.2K
$533.0K – $710.7K
NOI $42,641 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,135
Businesses Nearby
Explore this area
Business Placement
Demographics for 80010, CO
42,303
Population
15,394
Households
2.7
Avg Household Size
32
Median Age
19%
College-Educated
73%
High-School Grad
5.1 sq mi
ZIP Area
8,295
Density / Sq Mi
$60,755
Median Household Income
$36,349
Median Earnings
$1,400
Median Rent
$385,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Renovated triplex with multiple private outdoor areas, off-street parking, and a two-car garage above which a unit resides.
Where is this triplex located?
The property is located at 11050 E 14th Avenue Aurora, CO.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 1951 tri‑plex with Unit A (3BD/1BA, approx. 1,100 SF) and private backyard plus private front yard patio; Unit B (2BD/1BA, 800 SF) renovated and vacant; newer kitchen with granite countertops and newer appliances; Unit B includes dedicated washer/dryer and two private off‑street parking spaces
