Golf Course Duplex with Attached
For Sale
$959,980
1228 - 1230 S Algonquian St, Aurora, CO 80018
Newly planned two-story duplex with private suites, modern kitchens, and separate two-car garages for each residence.
Property Size3,938 SF
Price / SF$243.77
Days on Market46
Property Features for 1228 - 1230 S Algonquian St
General Information
Standard status
Active
Size
3,938 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Parking per Unit
2
Amenities
stainless steel appliances
walk-in closets
upper-level laundry
professional landscaping
Building Details
Year Built
2026
Buildings
1
Stories
2
Listing Agency:
Montano Properties
(303) 320-9898
Listed By:
Daniel Rob Montano
Source:
Hudsonstonegateteam
Added: Jul 17
Changed: Aug 29
Last Checked: Aug 30 at 7:46PM
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 two-story duplex contains 3,938 square feet across two residences, with each unit measuring 1,969 square feet. Both homes are designed with three bedrooms, two-and-a-half bathrooms, open living areas, stainless steel appliances, contemporary countertops, primary suites with en-suite bathrooms and walk-in closets, and upper-level laundry. Each residence also includes a two-car attached garage.
The property overlooks the 13th hole of Murphy Creek Golf Course at 1228–1230 S Algonquian St in Aurora. Shopping, dining, and entertainment are identified as nearby amenities. The model home is closed and showings are by appointment only. Buyers may select finishes, with completion estimated around November/December. The property is being offered by a seller who is both the builder and a licensed broker.
The property overlooks the 13th hole of Murphy Creek Golf Course at 1228–1230 S Algonquian St in Aurora. Shopping, dining, and entertainment are identified as nearby amenities. The model home is closed and showings are by appointment only. Buyers may select finishes, with completion estimated around November/December. The property is being offered by a seller who is both the builder and a licensed broker.
Key Highlights
- 3,938‑square‑foot duplex with two 1,969‑square‑foot residences
- Each unit includes 3 bedrooms and 2.5 bathrooms
- Two‑story layout with open living areas and upper‑level laundry
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
Property Profile
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 - Newly planned two-story duplex with private suites, modern kitchens, and separate two-car garages for each residence.
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: 3,938‑square‑foot duplex with two 1,969‑square‑foot residences; Each unit includes 3 bedrooms and 2.5 bathrooms; Two‑story layout with open living areas and upper‑level laundry
