Residential Income Property with
15706 E Otero Ave, Centennial, CO 80112
For Sale
$525,000
A two-story paired home offers flexible upper-level space, a private patio, and an unfinished basement.
Property Size1,773 SF
Days on Market15
Property Features for 15706 E Otero Ave
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
private side patio
Building Details
Building Size
Year Built
Stories
Listing Agency:
RE/MAX Real Estate Group Inc
Listed By:
Genevieve Schawe · License #FA.100092269
(719) 373-5200
Source:
Corken
Added: Oct 23
Changed: Nov 6
Last Checked: Nov 6 at 3:50PM
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 RE/MAX Real Estate Group Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2019, this two-story paired home has 3 bedrooms, 2.5 bathrooms, an upstairs loft, and a full unfinished basement. The main floor connects the living, dining, and kitchen areas in an open layout, with 7-inch plank flooring. The kitchen includes white cabinetry, granite countertops, a center island, stainless steel appliances, and a walk-in corner pantry. Brand-new carpet covers the upper level and staircase, and a private side patio provides outdoor space.
The Trails Edge community has walking and biking trail access, including a connection to Happy Canyon Trail and onward to Cherry Creek Trail and C-470 Trail. The property is also near the Denver Tech Center, Park Meadows shopping and dining, downtown Parker, and major commuter routes.
The loft provides additional flexible interior space, while the unfinished basement offers storage and potential for future expansion.
The Trails Edge community has walking and biking trail access, including a connection to Happy Canyon Trail and onward to Cherry Creek Trail and C-470 Trail. The property is also near the Denver Tech Center, Park Meadows shopping and dining, downtown Parker, and major commuter routes.
The loft provides additional flexible interior space, while the unfinished basement offers storage and potential for future expansion.
Key Highlights
- Three bedrooms and 2.5 bathrooms in a two‑story paired home
- Full unfinished basement; built in 2019
- Kitchen features granite counters, a center island, stainless steel appliances, and a walk‑in pantry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,976
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,520
$459.5K
Cap Rate 7%
$328,229
$328.2K
Cap Rate 9%
$255,289
$255.3K
Market Conditions
NOI Build-Up for 1,773 SF
Gross rent
$44.7K $25.20/SF
− Vacancy
−$2.9K −$1.64/SF
EGI
$41.8K $23.56/SF
− OpEx
−$18.8K −$10.60/SF
NOI
$23.0K $12.96/SF
Area
Centennial, CO
Vacancy
6.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,520
Cap Rate 7%
$328,229
Cap Rate 9%
$255,289
Alternative Uses
Best Use
Apartment 5plus
$328.2K
$287.2K – $382.9K
NOI $22,976 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$430.1K
$376.3K – $501.8K
NOI $30,106 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,314
Businesses Nearby
Explore this area
Business Placement
Demographics for 80112, CO
35,713
Population
16,874
Households
2.1
Avg Household Size
36
Median Age
62%
College-Educated
97%
High-School Grad
17.8 sq mi
ZIP Area
2,006
Density / Sq Mi
$107,504
Median Household Income
$61,944
Median Earnings
$1,948
Median Rent
$627,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Residential income properties in Arapahoe County, CO
Properties on Market for Residential income properties in Arapahoe County
Frequently Asked Questions
What type of property is this?
Residential income property - A two-story paired home offers flexible upper-level space, a private patio, and an unfinished basement.
Where is this residential income property located?
The property is located at 15706 E Otero Ave Centennial, CO.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Three bedrooms and 2.5 bathrooms in a two‑story paired home; Full unfinished basement; built in 2019; Kitchen features granite counters, a center island, stainless steel appliances, and a walk‑in pantry
