Building Details

Year Built 1972

Listing Agency: Formula Homes

Listed By: Connor Jensen · License #100073780 Show Phone

Source: Hudsonstonegateteam

Added: Apr 24 Changed: Oct 5 Last Checked: Oct 15 at 2:40AM

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Investment Insights

Based on property information with market context.

This triplex, located at 1321 Sable Blvd in Aurora, offers a multi-family investment opportunity. Constructed in 1972, the property features a solid frame structure and has been consistently maintained. The building spans nearly 4500 square feet and includes 9 bedrooms and 6 bathrooms, divided into three units. Each of the three units features 3 bedrooms and 2 bathrooms. Each unit also includes 2 parking spaces located directly in front of the unit. The location provides convenient access to I-225, I-70, and DIA, facilitating commutes to the Denver Metro area. The property is positioned to capitalize on Aurora's rental market and appreciation. The property has a bike score of 55, indicating it is bikeable, a walk score of 65, indicating it is somewhat walkable, and a transit score of 54, indicating good transit options.

Key Highlights

• Income‑producing triplex with immediate cash flow potential.
• Three spacious 3‑bedroom, 2‑bathroom units.
• Located minutes from I‑225, I‑70, and DIA for easy access to the Denver Metro area.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$53,314

Cap Rate

7.35%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,066,280 $1.1M

Cap Rate 7%

$761,629 $761.6K

Cap Rate 9%

$592,378 $592.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,993 SF

Gross rent

$81.5K $20.40/SF

− Vacancy

−$5.3K −$1.33/SF

EGI

$76.2K $19.07/SF

− OpEx

−$22.8K −$5.72/SF

NOI

$53.3K $13.35/SF

Area

ZIP 80011

Vacancy

6.50%

Lease Rate

$20.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,066,280

Cap Rate 7%

$761,629

Cap Rate 9%

$592,378

Alternative Uses

Best Use

Multifamily LT 5

$761.6K

$666.4K – $888.6K (±1% cap)

NOI $53,314 @ 7.0% cap · market cap 7.35%

Second Best

Apartment 5plus

$685.1K

$599.5K – $799.3K (±1% cap)

NOI $47,957 @ 7.0% cap · market cap 6.61%

Theoretical Best

Office A

$920.9K

$805.8K – $1.07M (±1% cap)

NOI $64,466 @ 7.0% cap · market cap 8.89%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Big Box & Wholesale Store Parking Lot & Garage Auto Parts Store Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

163

Businesses Nearby

Explore this area Business Placement

Demographics for 80011, CO

54,254

Population

19,108

Households

2.8

Avg Household Size

32

Median Age

19%

College-Educated

76%

High-School Grad

20.4 sq mi

ZIP Area

2,660

Density / Sq Mi

$69,719

Median Household Income

$36,853

Median Earnings

$1,607

Median Rent

$367,200

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - Well-maintained 9-bedroom triplex in Aurora, near major transportation routes.

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 $725,000.

What are key features of this property?

This property features: Income‑producing triplex with immediate cash flow potential.; Three spacious 3‑bedroom, 2‑bathroom units.; Located minutes from I‑225, I‑70, and DIA for easy access to the Denver Metro area.