Multifamily Community in Denver,
For Sale
$1,430,000
1129 Akron St, Aurora, CO 80010
13-unit multifamily community in Denver near Lowry Park.
Property Size7,290 SF
Price / SF$196.16
Days on Market175
Property Features for 1129 Akron St
General Information
Standard status
Active
Size
7,290 SF
Building Details
Year Built
1957
Listing Agency:
MMGREA LLC
Listed By:
Kevin Woolsey · License #100079114
(303) 990-4361
Source:
Pathhometeam
Added: Apr 24
Changed: Oct 2
Last Checked: Oct 7 at 4:44PM
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 MMGREA LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 13-unit multifamily community is located in Denver, CO. The property is situated a block away from Lowry Park and Lowry Family Health Center, and a short walk from Wings Over the Rockies Air & Space Museum. The E 11th Ave and Boston Bus Stop is a few blocks away. The location has a bike score of 78, indicating it is very bikeable, and a walk score of 58, suggesting it is somewhat walkable. The transit score is 35, indicating some transit options are available.
Key Highlights
- 13‑unit multifamily community
- Located in Denver, CO
- Close proximity to Lowry Park and Lowry Family Health Center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,308
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,946,160
$1.9M
Cap Rate 7%
$1,390,114
$1.4M
Cap Rate 9%
$1,081,200
$1.1M
Market Conditions
NOI Build-Up for 7,290 SF
Gross rent
$189.8K $26.04/SF
− Vacancy
−$12.9K −$1.77/SF
EGI
$176.9K $24.27/SF
− OpEx
−$79.6K −$10.92/SF
NOI
$97.3K $13.35/SF
Area
Aurora, CO
Vacancy
6.80%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,946,160
Cap Rate 7%
$1,390,114
Cap Rate 9%
$1,081,200
Alternative Uses
Best Use
Apartment 5plus
$1.39M
$1.22M – $1.62M
NOI $97,308 @ 7.0% cap · market cap 6.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.04M
$1.78M – $2.38M
NOI $142,592 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - 13-unit multifamily community in Denver near Lowry Park.
Where is this apartment building located?
The property is located at 1129 Akron St Aurora, CO.
What is the asking price?
The asking price for this property is $1,430,000.
What are key features of this property?
This property features: 13‑unit multifamily community; Located in Denver, CO; Close proximity to Lowry Park and Lowry Family Health Center
