Renovated Sixteen-Unit Multifamily
1415-1425 Kingston Street Aurora CO, Aurora, CO 80110
Recently renovated sixteen-unit multifamily property with parking in Aurora, Colorado.
Type:Multifamily
Property size:
10,960 SFPrice / SF:
$223/SF- Added:
- Apr 15, 2025
- Days on Market:
- 415
- Last Refresh:
- Mar 17 at 1:17 pm
Property Features for 1415-1425 Kingston Street Aurora CO
General Information
- Standard status
- Active
- Size
- 10,960 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1962
Listing agent Kevin Calame License #CO 100022816
Listing office NORTHPEAK Commercial Advisors
Listing date Apr 15, 2025
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 NORTHPEAK Commercial Advisors
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.
- Off‑Street Parking: Includes 9 off‑street parking spaces.
- Exterior Improvements: Durable pitched roof.
- Year Built: Constructed in 1962.
Overview
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.
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 | $285.4k | $26.04 |
| − Vacancy | −$19.4k | −$1.77 |
| EGI | $266.0k | $24.27 |
| − OpEx | −$119.7k | −$10.92 |
| NOI | $146.3k | $13.35 |
10,960 SF · lease $26.04/SF/yr · vacancy 6.80% · expense 45.00%
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 local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Aurora
- County
- Arapahoe
- State
- Colorado
- Longitude
- -104.983
- Latitude
- 39.644
Nearby Similar for Sale
FAQs
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.
