Two-Story Duplex with
New
For Sale
$615,000
1251 S Kingston Ct, Aurora, CO 80012
2024 duplex with a loft, covered deck, smart-home features, and a private oversized garage.
Property Size1,882 SF
Days on Market4
Property Features for 1251 S Kingston Ct
General Information
Standard status
Active
Size
1,882 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,085
Amenities
covered deck
smart-home features
Building Details
Building Size
1,882 SF
Year Built
2024
Listing Agency:
Milehimodern
(720) 830-3785
Listed By:
Connor Cole
(720) 830-3785
Source:
Guidere
Added: Aug 20
Changed: Aug 23
Last Checked: Aug 22 at 10:51AM
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 Milehimodern
Investment Insights
Based on property information with market context.
Built in 2024, this duplex combines a two-story living area with a spacious kitchen equipped with abundant cabinetry, a center island, stainless steel appliances, and a tiled backsplash. A glass door opens to a covered deck, while west-facing windows bring natural light into the main living space. The home shares one wall and includes fresh carpeting, smart-home features, and an oversized two-car garage.
The upper level provides a flexible loft that can serve as an office or secondary living area, along with three bedrooms. The primary suite includes a walk-in closet and private bath. The property is within an HOA community and is near Canterbury Park, VASA Fitness, Costco, Sprouts, and Gardens on Havana.
The upper level provides a flexible loft that can serve as an office or secondary living area, along with three bedrooms. The primary suite includes a walk-in closet and private bath. The property is within an HOA community and is near Canterbury Park, VASA Fitness, Costco, Sprouts, and Gardens on Havana.
Key Highlights
- Duplex built in 2024
- Three bedrooms plus an upstairs loft
- Oversized two‑car garage
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
$23,808
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
3.87%
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%
$476,160
$476.2K
Cap Rate 7%
$340,114
$340.1K
Cap Rate 9%
$264,533
$264.5K
Market Conditions
NOI Build-Up for 1,882 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
$46.3K $24.60/SF
− Vacancy
−$3.0K −$1.60/SF
EGI
$43.3K $23.00/SF
− OpEx
−$19.5K −$10.35/SF
NOI
$23.8K $12.65/SF
Area
ZIP 80012
Vacancy
6.50%
Lease Rate
$24.60 /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%
$476,160
Cap Rate 7%
$340,114
Cap Rate 9%
$264,533
Alternative Uses
Best Use
Apartment 5plus
$340.1K
$297.6K – $396.8K
NOI $23,808 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$450.1K
$393.8K – $525.1K
NOI $31,505 @ 7.0% cap · market cap 5.12%
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
947
Businesses Nearby
Explore this area
Business Placement
Demographics for 80012, CO
49,897
Population
20,102
Households
2.5
Avg Household Size
35
Median Age
27%
College-Educated
84%
High-School Grad
7.6 sq mi
ZIP Area
6,565
Density / Sq Mi
$69,835
Median Household Income
$40,526
Median Earnings
$1,697
Median Rent
$398,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - 2024 duplex with a loft, covered deck, smart-home features, and a private oversized garage.
Where is this residential income property located?
The property is located at 1251 S Kingston Ct Aurora, CO.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Duplex built in 2024; Three bedrooms plus an upstairs loft; Oversized two‑car garage
