Duplex with Private
For Sale
$449,500
1231 Akron St, Aurora, CO 80010
Two residential units offer separate laundry rooms, with one vacant unit and one tenant-occupied unit.
Property Size1,846 SF
Price / SF$243.50
Days on Market127
Property Features for 1231 Akron St
General Information
Standard status
Active
Size
1,846 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,564
Amenities
in-unit laundry room
Building Details
Building Size
1,846 SF
Year Built
1960
Buildings
1
Tenancy
Single
Listing Agency:
West Peak Properties
(720) 989-7727
Listed By:
Brad Uhlig
(720) 989-7727
Source:
Guidere
Added: Apr 3
Changed: Aug 5
Last Checked: Aug 7 at 1:31AM
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 West Peak Properties
Investment Insights
Based on property information with market context.
This 1,846-square-foot duplex, built in 1960, contains two 2-bedroom, 1-bath units. Each residence has its own laundry room. The front unit is vacant and includes updated flooring. The rear unit is tenant-occupied and features fresh paint, newer flooring, new kitchen cabinets, and a fenced backyard. Alley access and off-street parking for two vehicles serve the rear unit.
The property is located in Aurora near the Lowry redevelopment, Lowry Beer Garden, Big Bear Ice Arena, Great Lawn Park, and Common Ground Golf Course. UC Health and the Anschutz Medical Campus, including UCHealth Hospital and Children's Hospital, are also nearby.
The property is located in Aurora near the Lowry redevelopment, Lowry Beer Garden, Big Bear Ice Arena, Great Lawn Park, and Common Ground Golf Course. UC Health and the Anschutz Medical Campus, including UCHealth Hospital and Children's Hospital, are also nearby.
Key Highlights
- 1,846 SF duplex with two 2‑bedroom, 1‑bath units
- Separate in‑unit laundry rooms in both residences
- Front unit is vacant and has updated flooring
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
$26,535
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%
$530,700
$530.7K
Cap Rate 7%
$379,071
$379.1K
Cap Rate 9%
$294,833
$294.8K
Market Conditions
NOI Build-Up for 1,846 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
$41.0K $22.20/SF
− Vacancy
−$3.1K −$1.67/SF
EGI
$37.9K $20.54/SF
− OpEx
−$11.4K −$6.16/SF
NOI
$26.5K $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%
$530,700
Cap Rate 7%
$379,071
Cap Rate 9%
$294,833
Alternative Uses
Best Use
Multifamily LT 5
$379.1K
$331.7K – $442.3K
NOI $26,535 @ 7.0% cap · market cap 5.90%
Second Best
Apartment 5plus
$352.0K
$308.0K – $410.7K
NOI $24,641 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$515.8K
$451.4K – $601.8K
NOI $36,108 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
878
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer separate laundry rooms, with one vacant unit and one tenant-occupied unit.
Where is this duplex located?
The property is located at 1231 Akron St Aurora, CO.
What is the asking price?
The asking price for this property is $449,500.
What are key features of this property?
This property features: 1,846 SF duplex with two 2‑bedroom, 1‑bath units; Separate in‑unit laundry rooms in both residences; Front unit is vacant and has updated flooring
