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Apartment Building with Secure Access
For Sale
$1,200,000

1391 Lima St, Aurora, CO 80010

COMMERCIAL - Aurora, CO

Property SizeContact for details
Lot Size0.14 Acres
Days on Market322

Property Features for 1391 Lima St

General Information

Property type Commercial Sale
Property subtype Other
Zoning OA-RMU
Appliances Fire Alarm
Subdivision Aurora Heights
Lot features Corner Lot, Level, Paved
Elementary school Kenton
High school Aurora Central
Elementary school district Adams-Arapahoe 28J
Middle school district Adams-Arapahoe 28J
High school district Adams-Arapahoe 28J
Standard status Active
APN 1973-02-2-16-024
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 8004

Utilities

Utilities Natural Gas Available
Sewer type Public Sewer
Heating system Other (Heating)
Cooling system Window Unit(s)

Amenities

secure access
on-site laundry
private basement storage

Building Details

Year built 1965
Building materials Brick
Roof type Composition
Listing Agency: LoKation Real Estate
Listed By: Valerie Cannistraro
Added: Oct 6, 2025 Changed: Aug 19 Last Checked: Aug 23 at 3:06AM
MLS# 1045199

Copyright © 2026 IRES MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 8-unit apartment building occupies a 0.14-acre lot in Aurora and was constructed in 1965. The property features updated unit finishes, newer appliances, secure entry, on-site laundry, and dedicated basement storage for each residence. Brick construction, window unit cooling, natural gas availability, and public sewer service are also reported. A Class 4 impact-resistant composition roof and radon mitigation system were completed in 2021.

Located at 1391 Lima St in Aurora’s Delmar Parkway neighborhood, the property has a Walk Score of 83, with restaurants, coffee shops, and grocery stores accessible nearby. Anschutz Medical Campus is described as minutes away. The property is zoned OA-RMU and is operating at a 6.5% actual cap rate.

Key Highlights

  • 8‑unit apartment building on a 0.14‑acre lot
  • 6.5% actual cap rate
  • Updated interiors with newer appliances in each unit

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Building Supply Parking Lot & Garage Acupuncture

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

Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

993
Businesses Nearby

Demographics for 80010, CO

42,303
Population
15,394
Households
2.7
Avg Household Size
32
Median Age
19%
College-Educated
73%
High-School Grad
5.1 sq mi
ZIP Area
8,295
Density / Sq Mi
$60,755
Median Household Income
$36,349
Median Earnings
$1,400
Median Rent
$385,700
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Eight-unit multifamily property with renovated interiors, private storage, and on-site laundry.
Where is this apartment building located?
The property is located at 1391 Lima St 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: 8‑unit apartment building on a 0.14‑acre lot; 6.5% actual cap rate; Updated interiors with newer appliances in each unit
More about this property
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