Renovated
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 Market52
Property Features for 14240 E 22nd Pl
General Information
Standard status
Active
Size
5,175 SF
Property subtype
Multifamily
Site & Location
Neighborhood
Sable-Altura Chambers
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: Oct 25
Last Checked: Nov 1 at 2:18AM
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.
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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 / Yr
$69,096
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Open Analytics
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
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Market
Vacancy Rate% for Multifamily in West region
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
