Brick Triplex with Renovated
1129 Dallas St Aurora, CO 80010
New
For Sale
$525,000
Fully occupied, single-story brick triplex with three 1-bedroom units, separate yard entrances, and two-car alley parking.
Property Size1,725 SF
Lot Size0.20 Acres
Price / SF$304.35
Days on Market4
Property Features for 1129 Dallas St
General Information
Standard status
Active
Size
1,725 SF
Lot size
0.20 Acres
Property subtype
Investment
Lease Term
12 months
Building Details
Year Built
1955
Listing Agency:
(720) 772-1107
Listed By:
Kristy Baker
(720) 772-1107
Source:
Elliman
Added: Jul 26
Changed: Jul 27
Last Checked: Jul 28 at 11:50AM
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 Kristy Baker
Investment Insights
Based on property information with market context.
This fully occupied single-story brick triplex features three 1-bedroom units. The property is described as well maintained and includes improvements such as a new roof and regularly serviced HVAC systems with biannual maintenance. Units 1125 and 1129 have been fully renovated, with modern kitchens and durable laminate wood flooring throughout the living rooms, hallways, and bedrooms. Unit 1129 also includes a security system. Each unit has separate front and rear yard entrances.
The property includes a two-car parking slab accessed from the alley, along with additional open street parking, and is noted as having no HOA. Tenants are stated to pay their own electricity, gas, and internet.
The asset is offered for sale as a residential income property with a history of long-term tenants who consistently renew their leases.
The property includes a two-car parking slab accessed from the alley, along with additional open street parking, and is noted as having no HOA. Tenants are stated to pay their own electricity, gas, and internet.
The asset is offered for sale as a residential income property with a history of long-term tenants who consistently renew their leases.
Key Highlights
- Fully occupied single‑story brick triplex built in 1955 with three 1‑bedroom units totaling 1,725 SF
- Upgrades include a new roof and regularly serviced HVAC systems with biannual maintenance
- Units 1125 and 1129 are fully renovated with modern kitchens and laminate wood flooring throughout living areas, hallways, and bedrooms
Financial Insights For Multifamily LT 5
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 | $38.3k | $22.20 |
| − Vacancy | −$2.9k | −$1.67 |
| EGI | $35.4k | $20.54 |
| − OpEx | −$10.6k | −$6.16 |
| NOI | $24.8k | $14.37 |
1,725 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$354.2K
$310.0K – $413.3K
NOI $24,796 @ 7.0% cap · market cap 4.72%
Second Best
Apartment 5plus
$328.9K
$287.8K – $383.8K
NOI $23,025 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$482.0K
$421.8K – $562.4K
NOI $33,741 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied, single-story brick triplex with three 1-bedroom units, separate yard entrances, and two-car alley parking.
Where is this triplex located?
The property is located at 1129 Dallas St Aurora, CO.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Fully occupied single‑story brick triplex built in 1955 with three 1‑bedroom units totaling 1,725 SF; Upgrades include a new roof and regularly serviced HVAC systems with biannual maintenance; Units 1125 and 1129 are fully renovated with modern kitchens and laminate wood flooring throughout living areas, hallways, and bedrooms
