Renovated Sixteen-Unit Multifamily
For Sale
Contact for pricing
Pending
1415-1425 Kingston Street Aurora CO, Aurora, CO 80110
Recently renovated sixteen-unit multifamily property with parking in Aurora, Colorado.
Property Size10,960 SF
Days on Market506
Property Features for 1415-1425 Kingston Street Aurora CO
General Information
Standard status
Pending
Size
10,960 SF
Property subtype
Multifamily
Net Operating Income
$170,742
Building Details
Year Built
1962
Units
16
Listing Agency:
NORTHPEAK Commercial Advisors
Listed By:
Kevin Calame · License #CO 100022816
Source:
Crexi
Added: Apr 15, 2025
Changed: Aug 13
Last Checked: Sep 2 at 5:13AM
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 NORTHPEAK Commercial Advisors
Investment Insights
Based on property information with market context.
The property at 1415-1425 Kingston Street consists of 15 two-bedroom, one-bath units and 1 one-bedroom, one-bath unit. The building has undergone recent renovations, enhancing its overall condition, which has aided in tenant retention. Interior upgrades and recent exterior improvements, including a well-maintained pitched roof, contribute to the property’s durability. The property offers 9 off-street parking spaces. The building has separate metering for gas and electric utilities, which reduces operational costs for the owner. The property contains 10,960 square feet.
Key Highlights
- 16 Units: Featuring 15 two‑bedroom, one‑bath units and 1 one‑bedroom, one‑bath unit.
- Recent Renovations: Enhancing the property's appeal and tenant satisfaction.
- Separate Metering: Gas and electric utilities are separately metered, lowering operational expenses.
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
$146,295
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
5.97%
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%
$2,925,900
$2.9M
Cap Rate 7%
$2,089,929
$2.1M
Cap Rate 9%
$1,625,500
$1.6M
Market Conditions
NOI Build-Up for 10,960 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
$285.4K $26.04/SF
− Vacancy
−$19.4K −$1.77/SF
EGI
$266.0K $24.27/SF
− OpEx
−$119.7K −$10.92/SF
NOI
$146.3K $13.35/SF
Area
Aurora, CO
Vacancy
6.80%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
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%
$2,925,900
Cap Rate 7%
$2,089,929
Cap Rate 9%
$1,625,500
Alternative Uses
Best Use
Apartment 5plus
$2.09M
$1.83M – $2.44M
NOI $146,295 @ 7.0% cap · market cap 5.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.06M
$2.68M – $3.57M
NOI $214,378 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,251
Businesses Nearby
Explore this area
Business Placement
Demographics for 80110, CO
23,279
Population
10,804
Households
2.2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
6.4 sq mi
ZIP Area
3,637
Density / Sq Mi
$82,037
Median Household Income
$50,406
Median Earnings
$1,582
Median Rent
$455,600
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?
Apartment building - Recently renovated sixteen-unit multifamily property with parking in Aurora, Colorado.
Where is this apartment building located?
The property is located at 1415-1425 Kingston Street Aurora CO Aurora, CO.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: 16 Units: Featuring 15 two‑bedroom, one‑bath units and 1 one‑bedroom, one‑bath unit.; Recent Renovations: Enhancing the property's appeal and tenant satisfaction.; Separate Metering: Gas and electric utilities are separately metered, lowering operational expenses.
