59-Unit Apartment
New
For Sale
$5,700,000
11852 E 16th Ave, Aurora, CO 80010
The Aurora property is positioned between the Fitzsimons medical campus and Stanley Marketplace.
Property Size55,000 SF
Lot Size1.03 Acres
Days on Market2
Property Features for 11852 E 16th Ave
General Information
Standard status
Active
Size
55,000 SF
Lot size
1.03 Acres
Property subtype
Multifamily
Occupancy
71%
Units
Unit Mix
3 x studio, 56 x 1BR
Multifamily Units
59
Amenities
private balconies
outdoor seating area with covered pergolas
Third-party financing offers 85–90% leverage with 0% interest for the first six months, followed by a graduated interest-only structure designed to reduce carrying costs through stabilization.
Acquire 59 units at a basis below $100,000 per unit in an infill Aurora location surrounded by significant employment and institutional investment.
Elm Grove sits four minutes from the region's largest academic health center, supporting demand from a deep base of healthcare, education, and bioscience employees.
Current occupancy remains below stabilized levels, providing a direct path to meaningful NOI growth through lease-up, reduced concessions, and normalized operations.
Ownership has invested in new electrical panels, common areas, property signage, and outdoor amenities in addition to extensive interior renovations.
The property combines proximity to one of Colorado's largest employment centers with convenient access to Stanley Marketplace, transit, and the broader Denver metro.
Building Details
Building Size
55,000 SF
Year Built
1973
Units
59
Listed By:
Jason Hornik · License #License(s): CO: FA. 100070708
(303) 328-2064
Source:
Marcusmillichap
Added: Sep 26
Last Checked: Sep 26 at 2:52PM
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 Jason Hornik
Investment Insights
Based on property information with market context.
Built in 1973, this 59-unit apartment property occupies approximately 1.03 acres and comprises three studios and 56 one-bedroom apartments. Studios average about 475 square feet, and one-bedroom units average about 600 square feet. Many apartments have updated shaker cabinets, quartz counters, vinyl flooring, tile showers, vanities, and black appliance packages with microwaves and dishwashers. Approximately two-thirds of the units have private balconies; every one-bedroom apartment includes a walk-in closet.
The property is at 11852 E 16th Ave in Aurora, between the Fitzsimons medical campus and Stanley Marketplace. Improvements include new electrical panels in all units, stairway and corridor upgrades, refreshed unit doors, an outdoor seating area with covered pergolas, and new signage.
The property is at 11852 E 16th Ave in Aurora, between the Fitzsimons medical campus and Stanley Marketplace. Improvements include new electrical panels in all units, stairway and corridor upgrades, refreshed unit doors, an outdoor seating area with covered pergolas, and new signage.
Key Highlights
- 59 apartments: 3 studios and 56 one‑bedroom units
- Approximately 1.03 acres; built in 1973
- Studio units average approximately 475 square feet; one‑bedroom units average approximately 600 square feet
Property Analytics
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Current Use
Lease Details
59
Residential units
Location Intelligence
Trade Area within ½ mile
1,135
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Apartment building - The Aurora property is positioned between the Fitzsimons medical campus and Stanley Marketplace.
Where is this apartment building located?
The property is located at 11852 E 16th Ave Aurora, CO.
What is the asking price?
The asking price for this property is $5,700,000.
What are key features of this property?
This property features: 59 apartments: 3 studios and 56 one‑bedroom units; Approximately 1.03 acres; built in 1973; Studio units average approximately 475 square feet; one‑bedroom units average approximately 600 square feet
