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Income-Generating Triplex Near Central Park

1347 Elmira St, Aurora, CO 80010

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For Sale

$430,000

Triplex with three units near Lowry and Central Park.

Type:Investment

Property size:

1,500 SF

Price / SF:

$286/SF

HighLights

Triplex offering versatile income with three 1‑bedroom, 1‑bathroom units.
Strong income stream: each unit rents for approximately $1,000 per month.
Ideally located near Lowry and Central Park, with easy access to amenities.
Unit #A is recently refreshed with a new walk‑in shower, modern bathroom tile, updated kitchen, and new carpet.
Unit #B includes two non‑conforming basement rooms.
Detached ADU (Unit #1/2) updated with a new water heater.

We can help!

Listing Contact

Kerri Shaffer

Learn more

For Sale

$430,000

Triplex with three units near Lowry and Central Park.

Type:Investment

Property size:

1,500 SF

Price / SF:

$286/SF

Added:: Apr 24, 2026
Days on Market:: 55
Last Refresh:: Apr 24 at 3:53 pm

Property Features for 1347 Elmira St

General Information

Standard status: Active
Size: 1,500 SF
Property subtype: Investment

Building Details

Year Built: 1919

We can help!

Listing Contact

Kerri Shaffer

Listing agent Kerri Shaffer

Listing office

Listing date Apr 24, 2026

Source Elliman

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 Kerri Shaffer

HighLights

Triplex offering versatile income with three 1‑bedroom, 1‑bathroom units.
Strong income stream: each unit rents for approximately $1,000 per month.
Ideally located near Lowry and Central Park, with easy access to amenities.
Unit #A is recently refreshed with a new walk‑in shower, modern bathroom tile, updated kitchen, and new carpet.
Unit #B includes two non‑conforming basement rooms.
Detached ADU (Unit #1/2) updated with a new water heater.

Overview

This triplex property presents a versatile income-producing opportunity. Originally a single-family home, it has been divided into three separate 1-bedroom, 1-bathroom units, each approximately 500 square feet, and each featuring private entrances. Unit #A, located at the front of the duplex, has been refreshed with a new walk-in shower, modern bathroom tile, an updated kitchen, and new carpet. Unit #B, at the back of the duplex, includes two non-conforming basement rooms suitable for storage, workspace, or flexible use, along with new carpet and laminate flooring. The detached ADU (Unit #1/2), converted from the original garage, features a 1-bedroom, 1-bath layout and has a new water heater installed in 2025. Each unit rents for approximately $1,000 per month. Off-street parking is available via the driveway in the rear of the property, and three on-site storage sheds add further convenience. The property is located near Lowry and Central Park, offering easy access to shopping, dining, parks, and major commuter routes. The property has a bike score of 55, walk score of 86, and transit score of 49.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$33.3k	$22.20
− Vacancy	−$2.5k	−$1.67
EGI	$30.8k	$20.54
− OpEx	−$9.2k	−$6.16
NOI	$21.6k	$14.37

1,500 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$308.0K

$269.5K – $359.4K (±1% cap)

NOI $21,562 @ 7.0% cap · market cap 5.01%

Second Best

Apartment 5plus

$286.0K

$250.3K – $333.7K (±1% cap)

NOI $20,022 @ 7.0% cap · market cap 4.66%

Theoretical Best

Office A

$419.1K

$366.8K – $489.0K (±1% cap)

NOI $29,340 @ 7.0% cap · market cap 6.82%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Aurora
County: Arapahoe
State: Colorado
Longitude: -104.86
Latitude: 39.7403

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For sale
Triplexes
CO
Aurora
80010
1347 Elmira St

What type of property is this?

Triplex - Triplex with three units near Lowry and Central Park.

Where is this triplex located?

The property is located at 1347 Elmira St Aurora, CO.

What is the asking price?

The asking price for this property is $430,000.

What are key features of this property?

This property features: Triplex offering versatile income with three 1‑bedroom, 1‑bathroom units.; Strong income stream: each unit rents for approximately $1,000 per month.; Ideally located near Lowry and Central Park, with easy access to amenities.