Golf Course Duplex with Attached
For Sale
$959,980
1228-1230 S Algonquian St, Aurora, CO 80018
Two-story units offer open living areas, private bedroom suites, upper-level laundry, and stainless-steel kitchen appliances.
Property Size3,938 SF
Days on Market172
Property Features for 1228-1230 S Algonquian St
General Information
Standard status
Active
Size
3,938 SF
Property subtype
Duplex
Units
Multifamily Units
2
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$10,079
Building Details
Building Size
3,938 SF
Year Built
2026
Stories
2
Listing Agency:
Montano Properties
(303) 320-9898
Listed By:
Daniel Rob Montano
(303) 320-9898
Source:
Corken
Added: Mar 14
Changed: Aug 28
Last Checked: Aug 30 at 11:02PM
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 Montano Properties
Investment Insights
Based on property information with market context.
This planned duplex at 1228-1230 S Algonquian St includes two residences, each measuring 1,969 sq. ft. across two levels. Both layouts provide three bedrooms, two-and-a-half bathrooms, open living and dining areas, stainless-steel appliances, contemporary countertops, primary suites with private bathrooms and walk-in closets, and laundry facilities upstairs. Each residence also has a two-car attached garage. Professional landscaping is planned around the property, which overlooks the 13th hole of Murphy Creek Golf Course.
The homes are estimated for completion around November/December and carry a 2026 year built designation. Buyers can select finishes for the residences, and appointments are required. The property is positioned near shopping, dining, and entertainment, with the golf course providing a direct recreational setting.
The homes are estimated for completion around November/December and carry a 2026 year built designation. Buyers can select finishes for the residences, and appointments are required. The property is positioned near shopping, dining, and entertainment, with the golf course providing a direct recreational setting.
Key Highlights
- Two‑unit duplex with 1,969 sq. ft. per unit
- Each unit includes three bedrooms and two‑and‑a‑half bathrooms
- Two‑car attached garage included with each residence
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
$56,607
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
5.90%
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%
$1,132,140
$1.1M
Cap Rate 7%
$808,671
$808.7K
Cap Rate 9%
$628,967
$629.0K
Market Conditions
NOI Build-Up for 3,938 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
$87.4K $22.20/SF
− Vacancy
−$6.6K −$1.67/SF
EGI
$80.9K $20.54/SF
− OpEx
−$24.3K −$6.16/SF
NOI
$56.6K $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%
$1,132,140
Cap Rate 7%
$808,671
Cap Rate 9%
$628,967
Alternative Uses
Best Use
Multifamily LT 5
$808.7K
$707.6K – $943.5K
NOI $56,607 @ 7.0% cap · market cap 5.90%
Second Best
Apartment 5plus
$750.9K
$657.1K – $876.1K
NOI $52,565 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$1.10M
$962.8K – $1.28M
NOI $77,027 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
Explore this area
Business Placement
Demographics for 80018, CO
16,106
Population
5,919
Households
2.7
Avg Household Size
34
Median Age
40%
College-Educated
93%
High-School Grad
35.4 sq mi
ZIP Area
455
Density / Sq Mi
$127,390
Median Household Income
$60,104
Median Earnings
$2,542
Median Rent
$558,800
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?
Duplex - Two-story units offer open living areas, private bedroom suites, upper-level laundry, and stainless-steel kitchen appliances.
Where is this duplex located?
The property is located at 1228-1230 S Algonquian St Aurora, CO.
What is the asking price?
The asking price for this property is $959,980.
What are key features of this property?
This property features: Two‑unit duplex with 1,969 sq. ft. per unit; Each unit includes three bedrooms and two‑and‑a‑half bathrooms; Two‑car attached garage included with each residence
