Aurora Triplex Investment
For Sale
$1,075,000
14280 E 22nd Pl, Aurora, CO 80011
Turn-key triplex with strong cash flow in Aurora, Colorado.
Property Size4,851 SF
Days on Market130
Property Features for 14280 E 22nd Pl
General Information
Standard status
Active
Size
4,851 SF
Property subtype
Multifamily
Building Details
Building Size
4,851 SF
Year Built
1973
Listing Agency:
(781) 733-3732
Listed By:
Will McCauley · License #CO #100087986
Source:
Uniqueprop
Added: Apr 24
Changed: Aug 26
Last Checked: Aug 30 at 2:17PM
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 Will McCauley
Investment Insights
Based on property information with market context.
This triplex property in Aurora, Colorado, presents an investment opportunity with immediate cash flow. The property features three fully rented units, each with three bedrooms and two bathrooms. Recent renovations have updated two of the units with new flooring, modern cabinetry, refreshed countertops, and upgraded bathrooms. Each unit includes washer and dryer hookups. The building is equipped with individual gas and electric meters, with utilities paid by the tenants. Two new furnaces and two new hot water heaters have been installed. Located on a quiet cul-de-sac, the property benefits from strong rental demand and stable tenancy. The location is convenient to the Anschutz Medical Campus and Denver International Airport (DIA). The property offers upside potential in a prime location.
Key Highlights
- Strong cash flow from 3 fully rented units.
- Turn‑key investment property in a prime location near Anschutz Medical and DIA.
- Two renovated units with updated flooring, modern cabinetry, refreshed countertops, and upgraded baths.
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
$64,770
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
6.03%
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%
$1,295,400
$1.3M
Cap Rate 7%
$925,286
$925.3K
Cap Rate 9%
$719,667
$719.7K
Market Conditions
NOI Build-Up for 4,851 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
$99.0K $20.40/SF
− Vacancy
−$6.4K −$1.33/SF
EGI
$92.5K $19.07/SF
− OpEx
−$27.8K −$5.72/SF
NOI
$64.8K $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%
$1,295,400
Cap Rate 7%
$925,286
Cap Rate 9%
$719,667
Alternative Uses
Best Use
Multifamily LT 5
$925.3K
$809.6K – $1.08M
NOI $64,770 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$832.3K
$728.3K – $971.0K
NOI $58,261 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$1.12M
$979.0K – $1.31M
NOI $78,318 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 - Turn-key triplex with strong cash flow in Aurora, Colorado.
Where is this triplex located?
The property is located at 14280 E 22nd Pl Aurora, CO.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Strong cash flow from 3 fully rented units.; Turn‑key investment property in a prime location near Anschutz Medical and DIA.; Two renovated units with updated flooring, modern cabinetry, refreshed countertops, and upgraded baths.
