Aurora Multifamily Investment
11916 E 14th Ave, Aurora, CO 80010
16-unit multifamily property in Aurora, Colorado.
Type:Multifamily
Property size:
8,876 SFLot size:
0.33 AcresPrice / SF:
$200/SF- Added:
- Feb 3, 2026
- Days on Market:
- 117
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 11916 E 14th Ave
General Information
- Standard status
- Active
- Size
- 8,876 SF
- Lot size
- 0.33 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1960
Listing agent Elliott Polanchyck License #CO
Listing office Unique Properties, Inc
Listing date Feb 3, 2026
Source Crexi
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 Unique Properties, Inc
HighLights
- Eleven of sixteen units are upgraded, providing immediate value.
- New apartment security doors (2023) and boiler replacements (2024) minimize near‑term capital expenditures.
- Opportunity to increase net operating income by implementing a utility bill‑back program.
- The property consists of 16 one‑bedroom, one‑bathroom units.
- Located in Aurora, Colorado, a growing market.
- Two‑story brick apartment buildings totaling 8,876 gross building square feet on a 14,331 square foot lot.
Overview
The property at 11916 E 14th Avenue, Aurora, Colorado, is a 16-unit multifamily property. It consists of two two-story brick apartment buildings constructed in 1960. The property is situated on a 14,331 square foot lot and totals approximately 8,876 gross building square feet. The unit mix is comprised entirely of one-bedroom, one-bathroom units averaging approximately 500 square feet. Eleven of the sixteen units have been upgraded, offering additional upside through renovation of the remaining interiors. Recent capital improvements include new apartment security doors installed in both buildings in 2023 and full boiler replacements in 2024, reducing near-term capital exposure. The property also presents an opportunity to increase net operating income through the implementation of a utility bill-back program, allowing ownership to recapture a portion of currently landlord-paid utilities and improve cash flow.
Local Financial Insights For Apartment 5plus
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 | $231.1k | $26.04 |
| − Vacancy | −$15.7k | −$1.77 |
| EGI | $215.4k | $24.27 |
| − OpEx | −$96.9k | −$10.92 |
| NOI | $118.5k | $13.35 |
8,876 SF · lease $26.04/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.69M
$1.48M – $1.97M
NOI $118,478 @ 7.0% cap · market cap 6.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,615 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Aurora
- County
- Arapahoe
- State
- Colorado
- Longitude
- -104.86
- Latitude
- 39.7403
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 16-unit multifamily property in Aurora, Colorado.
Where is this apartment building located?
The property is located at 11916 E 14th Ave Aurora, CO.
What is the asking price?
The asking price for this property is $1,776,000.
What are key features of this property?
This property features: Eleven of sixteen units are upgraded, providing immediate value.; New apartment security doors (2023) and boiler replacements (2024) minimize near‑term capital expenditures.; Opportunity to increase net operating income by implementing a utility bill‑back program.
