Triplex With Finished
For Sale
$1,000,000
14220 E 22nd Place, Aurora, CO 80011
Triplex offering three units, each with main-level living spaces, plus finished basements and in-unit laundry.
Property Size5,276 SF
Price / SF$189.54
Days on Market125
Property Features for 14220 E 22nd Place
General Information
Standard status
Active
Size
5,276 SF
Total Parking Spaces
3
Property subtype
Multi Family
Additional Details
Business Included
Yes
Multifamily Units
3
Building Details
Year Built
1979
Tenancy
Multi
Listing Agency:
HomeSmart
(303) 884-8468
Listed By:
Sherry Schoenberger · License #40035137
(303) 884-8468
Source:
Exitrealty
Added: Apr 3
Changed: Jul 21
Last Checked: Aug 4 at 9:13AM
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 HomeSmart
Investment Insights
Based on property information with market context.
This triplex includes three separate units with main-floor family room and kitchen, two bedrooms and a bathroom. Each unit also features access to finished basement space, with an additional 2–3 bedrooms, a bathroom, laundry area, and a second family room. In-unit laundry is provided with washer/dryer included, along with backyards and covered front porch areas.
The property has newer flooring and paint, double-pane windows, and an updated sewer line. The site also includes three detached garages that may support additional income opportunities. The home is located close to Anschutz Medical Campus and other nearby amenities. The seller notes the possibility of pairing this asset with a triplex next door that is also for sale.
Configurations and finishes are designed to support flexible living arrangements, including larger households seeking additional room within each unit.
The property has newer flooring and paint, double-pane windows, and an updated sewer line. The site also includes three detached garages that may support additional income opportunities. The home is located close to Anschutz Medical Campus and other nearby amenities. The seller notes the possibility of pairing this asset with a triplex next door that is also for sale.
Configurations and finishes are designed to support flexible living arrangements, including larger households seeking additional room within each unit.
Key Highlights
- 1979‑built triplex in Aurora with 3 units, each offering main‑level living spaces plus finished basements
- Unit layouts include 2 bedrooms and 1 bathroom on the main level, with additional bedroom, bathroom, laundry, and 2nd family room in the basement
- In‑unit laundry with washer/dryer included
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 | $107.6k | $20.40 |
| − Vacancy | −$7.0k | −$1.33 |
| EGI | $100.6k | $19.07 |
| − OpEx | −$30.2k | −$5.72 |
| NOI | $70.4k | $13.35 |
5,276 SF · lease $20.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$880.6K – $1.17M
NOI $70,444 @ 7.0% cap · market cap 7.04%
Second Best
Apartment 5plus
$905.2K
$792.1K – $1.06M
NOI $63,366 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$1.22M
$1.06M – $1.42M
NOI $85,180 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,279
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex offering three units, each with main-level living spaces, plus finished basements and in-unit laundry.
Where is this triplex located?
The property is located at 14220 E 22nd Place Aurora, CO.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 1979‑built triplex in Aurora with 3 units, each offering main‑level living spaces plus finished basements; Unit layouts include 2 bedrooms and 1 bathroom on the main level, with additional bedroom, bathroom, laundry, and 2nd family room in the basement; In‑unit laundry with washer/dryer included
