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Updated Multifamily in Growing Aurora

1391 Lima, Aurora, CO 80010

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For Sale

$1,200,000

8-unit multifamily property with strong cash flow and upside.

Type:Commercial

Lot size:

0.14 Acres

HighLights

Strong 6.5% actual cap rate with potential to increase to at least 7.4%.
Prime location in the rapidly growing Delmar Parkway neighborhood.
Proximity to Anschutz Medical Campus makes it ideal for mid‑term rentals.
Turnkey property with 8 updated units featuring modern finishes and newer appliances.
Recent major upgrades include a 25‑year Class 4 impact‑resistant roof and a radon mitigation system (2021).
High Walk Score of 83 provides tenants with easy access to amenities.

We can help!

Listing Contact

VALERIE CANNISTRARO

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For Sale

$1,200,000

8-unit multifamily property with strong cash flow and upside.

Type:Commercial

Lot size:

0.14 Acres

Added:: Oct 7, 2025
Days on Market:: 246
Last Refresh:: Apr 5 at 9:03 pm

Property Features for 1391 Lima

General Information

Standard status: Active
Lot size: 0.14 Acres
Property subtype: Commercial

Building Details

Year Built: 1965

We can help!

Listing Contact

VALERIE CANNISTRARO

Listing agent VALERIE CANNISTRARO

Listing office LoKation Real Estate

Listing date Oct 7, 2025

Source Corcoran

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 LoKation Real Estate

HighLights

Strong 6.5% actual cap rate with potential to increase to at least 7.4%.
Prime location in the rapidly growing Delmar Parkway neighborhood.
Proximity to Anschutz Medical Campus makes it ideal for mid‑term rentals.
Turnkey property with 8 updated units featuring modern finishes and newer appliances.
Recent major upgrades include a 25‑year Class 4 impact‑resistant roof and a radon mitigation system (2021).
High Walk Score of 83 provides tenants with easy access to amenities.

Overview

Located in the Delmar Parkway neighborhood, this 8-unit multifamily property is positioned to benefit from Aurora's anticipated growth. The property is currently operating at a 6.5% actual cap rate. Adjustments such as rent increases and adding a utility billback system could potentially raise returns to at least 7.4%. The property may be suitable for mid-term rentals catering to traveling nurses, due to its proximity to Anschutz Medical Campus. Each unit features modern finishes and newer appliances. Recent upgrades include a 25-year Class 4 impact-resistant roof and a radon mitigation system completed in 2021. The building provides secure access, on-site laundry, and private basement storage for each unit. The property has a Walk Score of 83, offering tenants access to restaurants, coffee shops, and grocery stores.

Location Intelligence

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Apartment buildings

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Local Demand

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

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For sale
Apartment buildings
CO
Aurora
80010
1391 Lima

What type of property is this?

Apartment building - 8-unit multifamily property with strong cash flow and upside.

Where is this apartment building located?

The property is located at 1391 Lima Aurora, CO.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Strong 6.5% actual cap rate with potential to increase to at least 7.4%.; Prime location in the rapidly growing Delmar Parkway neighborhood.; Proximity to Anschutz Medical Campus makes it ideal for mid‑term rentals.