Triplex Income
1321 Sable Boulevard Aurora, CO 80011
For Sale
$795,000
Well-maintained triplex with three 3-bedroom units, total 9 bedrooms and 6 bathrooms, plus two front parking spaces per unit.
Property Size3,993 SF
Price / SF$199.10
Days on Market155
Property Features for 1321 Sable Boulevard
General Information
- Standard status
- Active
- Size
- 3,993 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1972
Listing Agency:
Formula Homes
(303) 919-0307
Listed By:
Connor Jensen · License #100073780
(303) 919-0307
Source:
Exitrealty
Added: Feb 19
Changed: Jul 23
Last Checked: Jul 23 at 3:12PM
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 Formula Homes
Investment Insights
Based on property information with market context.
This well-maintained triplex offers nearly 4,500 square feet of residential income space with a total of 9 bedrooms and 6 bathrooms. The property is configured as three separate units, each with 3 bedrooms and 2 bathrooms. Built in 1972 with a solid frame structure, the building has been consistently cared for and is set up for long-term rental use.
Each unit includes two parking spaces directly in front of the units. The property is located at 1321 Sable Boulevard in Aurora, and is described as minutes from I-225, I-70, and DIA, providing convenient commuting access to the Denver Metro area.
The triplex layout provides straightforward unit separation, with multiple bedrooms and bathrooms per unit and dedicated front parking for tenants.
Each unit includes two parking spaces directly in front of the units. The property is located at 1321 Sable Boulevard in Aurora, and is described as minutes from I-225, I-70, and DIA, providing convenient commuting access to the Denver Metro area.
The triplex layout provides straightforward unit separation, with multiple bedrooms and bathrooms per unit and dedicated front parking for tenants.
Key Highlights
- Well‑maintained 9‑bedroom, 6‑bath triplex built in 1972 at 1321 Sable Blvd
- Nearly 4,500 sq ft triplex with three 3‑bedroom, 2‑bath units
- Two parking spaces directly in front of each unit
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 | $81.5k | $20.40 |
| − Vacancy | −$5.3k | −$1.33 |
| EGI | $76.2k | $19.07 |
| − OpEx | −$22.8k | −$5.72 |
| NOI | $53.3k | $13.35 |
3,993 SF · lease $20.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$761.6K
$666.4K – $888.6K
NOI $53,314 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$685.1K
$599.5K – $799.3K
NOI $47,957 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$920.9K
$805.8K – $1.07M
NOI $64,466 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Well-maintained triplex with three 3-bedroom units, total 9 bedrooms and 6 bathrooms, plus two front parking spaces per unit.
Where is this triplex located?
The property is located at 1321 Sable Boulevard Aurora, CO.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Well‑maintained 9‑bedroom, 6‑bath triplex built in 1972 at 1321 Sable Blvd; Nearly 4,500 sq ft triplex with three 3‑bedroom, 2‑bath units; Two parking spaces directly in front of each unit
