Aurora Multifamily Investment
11916 E 14th Aurora, CO 80010
11916 E 14th, Aurora, CO, 80010
$1,776,000
For Sale
$1,776,000
16-unit multifamily property in Aurora, Colorado with upgrade potential.
Property Size8,876 SF
Lot Size0.33 Acres
Price / SF$200.09
Days on Market85
Property Features for 11916 E 14th
General Information
- Standard status
- Active
- Size
- 8,876 SF
- Lot size
- 0.33 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1960
Listing Agency
UNIQUE PROPERTIES LLC
(214) 616-2695
Listed by
Elliott Polanchyck
(214) 616-2695
Source
Elliman
Added: Apr 24 Checked: Jul 17 at 6:14 am
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 UNIQUE PROPERTIES LLC
Investment Insights
Based on property information with market context.
The multifamily property at 11916 & 12000 E 14th Avenue in Aurora, Colorado, features two two-story brick apartment buildings constructed in 1960. The property includes 16 units on a 14,331 square foot lot, totaling approximately 8,876 gross building square feet. The unit mix consists entirely of one-bedroom, one-bathroom units, each averaging approximately 500 square feet. Eleven of the sixteen units have been upgraded, offering the potential for further interior renovations. Recent capital improvements include new apartment security doors installed in both buildings in 2023 and full boiler replacements in 2024. There is an opportunity to increase net operating income through the implementation of a utility bill-back program. The property has a bike score of 57, indicating it is bikeable, a walk score of 39, indicating car-dependent, and a transit score of 43, indicating some transit options are available.
Key Highlights
- Sixteen‑unit multifamily property in Aurora, Colorado.
- Eleven of sixteen units are upgraded, providing immediate value and rental income.
- New boilers installed in 2024, minimizing near‑term capital expenditures.
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 | $231.1k | $26.04 |
| − Vacancy | −$15.7k | −$1.77 |
| EGI | $215.4k | $24.27 |
| − OpEx | −$96.9k | −$10.92 |
| NOI | $118.5k | $13.35 |
8,876 SF · lease $26.04/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.69M
$1.48M – $1.97M
NOI $118,478 @ 7.0% cap · market cap 6.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,615 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 16-unit multifamily property in Aurora, Colorado with upgrade potential.
Where is this apartment building located?
The property is located at 11916 E 14th Aurora, CO.
What is the asking price?
The asking price for this property is $1,776,000.
What are key features of this property?
This property features: Sixteen‑unit multifamily property in Aurora, Colorado.; Eleven of sixteen units are upgraded, providing immediate value and rental income.; New boilers installed in 2024, minimizing near‑term capital expenditures.
