Renovated
New
For Sale
$1,100,000
14240 E 22nd Pl, Aurora, CO 80011
Three-unit residential income property with documented renovation improvements in Aurora, Colorado.
Property Size5,175 SF
Days on Market5
Property Features for 14240 E 22nd Pl
General Information
Standard status
Active
Size
5,175 SF
Property subtype
Multifamily
Additional Details
Cap Rate
7.28%
Multifamily Units
3
Amenities
CASH FLOW!! $7,600 Per Month Income, 7.25%+ Cap Rate
All 3 Units Professionally Renovated with Full Egress in Basement
Large 4 & 5 Bedroom Units with Multiple Living Room Areas
New Windows, Doors, Flooring, Kitchens, & Bathrooms; Newer Pitched Roof
Large Private One-Car Garages for Each Unit, Fits SUV.
1979 YOC, All-Brick Structure with Private Backyards for Each Unit
Individually Metered for Gas & Electricity, Newer Water Heaters
Building Details
Building Size
5,175 SF
Units
3
Listing Agency:
Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.
Listed By:
Clayton Primm · License #License(s): CO: FA100024161
(303) 328-2075
Source:
Marcusmillichap
Added: Sep 11
Changed: Sep 15
Last Checked: Sep 14 at 5:17AM
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 Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.
Investment Insights
Based on property information with market context.
This renovated triplex comprises three residential units and is located at 14240 E 22nd Place in Aurora, Colorado. The property is identified as a multifamily residential income asset, offering a compact configuration for ownership of multiple units within one building.
Key Highlights
- Renovated triplex with three residential units
- Located at 14240 E 22nd Pl, Aurora, CO 80011
- Classified as a multifamily residential income property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$69,096
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,381,920
$1.4M
Cap Rate 7%
$987,086
$987.1K
Cap Rate 9%
$767,733
$767.7K
Market Conditions
NOI Build-Up for 5,175 SF
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.
Gross rent
$105.6K $20.40/SF
− Vacancy
−$6.9K −$1.33/SF
EGI
$98.7K $19.07/SF
− OpEx
−$29.6K −$5.72/SF
NOI
$69.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,381,920
Cap Rate 7%
$987,086
Cap Rate 9%
$767,733
Alternative Uses
Best Use
Multifamily LT 5
$987.1K
$863.7K – $1.15M
NOI $69,096 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$887.9K
$776.9K – $1.04M
NOI $62,153 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,549 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential income property with documented renovation improvements in Aurora, Colorado.
Where is this triplex located?
The property is located at 14240 E 22nd Pl Aurora, CO.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Renovated triplex with three residential units; Located at 14240 E 22nd Pl, Aurora, CO 80011; Classified as a multifamily residential income property
