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Updated Multifamily Property Near Anschutz

1588 Macon Street, Aurora, CO 80010

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For Sale

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Updated 8-unit multifamily property near Anschutz Medical Campus.

Type:Multifamily

Property size:

5,320 SF

Price / SF:

$192/SF

HighLights

High‑demand Aurora rental corridor location, less than one mile from Anschutz Medical Campus and UCHealth University of Colorado Hospital.
Updated 8‑unit multifamily property with modern interior finishes.
Strong proximity to a major employment center ensures consistent rental demand and long‑term stability.
Enjoy convenient access to dining, retail, fitness, breweries, and entertainment at Stanley Marketplace (under 10 minutes).
Appeals to medical professionals, hospital staff, students, and workforce tenants.
Easy access to major commuter routes and public transportation.

We can help!

Listing Contact

Michelle Glass

Learn more

For Sale

Contact for pricing

Updated 8-unit multifamily property near Anschutz Medical Campus.

Type:Multifamily

Property size:

5,320 SF

Price / SF:

$192/SF

Added:: Mar 4, 2026
Days on Market:: 100
Last Refresh:: Mar 16 at 2:25 pm

Property Features for 1588 Macon Street

General Information

Standard status: Active
Size: 5,320 SF
Property subtype: Multifamily

Building Details

Year Built: 1964

We can help!

Listing Contact

Michelle Glass

Listing agent Michelle Glass License #FA 100038971

Listing office Keller Williams Integrity

Listing date Mar 4, 2026

Source Crexi

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 Keller Williams Integrity

HighLights

High‑demand Aurora rental corridor location, less than one mile from Anschutz Medical Campus and UCHealth University of Colorado Hospital.
Updated 8‑unit multifamily property with modern interior finishes.
Strong proximity to a major employment center ensures consistent rental demand and long‑term stability.
Enjoy convenient access to dining, retail, fitness, breweries, and entertainment at Stanley Marketplace (under 10 minutes).
Appeals to medical professionals, hospital staff, students, and workforce tenants.
Easy access to major commuter routes and public transportation.

Overview

This updated 8-unit multifamily property is located in Aurora, less than one mile from the Anschutz Medical Campus and UCHealth University of Colorado Hospital. The well-maintained apartment building features updated interiors with modern finishes. Its location near one of Colorado’s largest employment centers provides consistent rental demand. The property is situated under 10 minutes from Stanley Marketplace, offering convenient access to dining, retail, fitness, breweries, and entertainment. Easy access to major commuter routes, public transportation, and surrounding amenities enhances tenant appeal. The property size is 5320 square feet.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$138.5k	$26.04
− Vacancy	−$9.4k	−$1.77
EGI	$129.1k	$24.27
− OpEx	−$58.1k	−$10.92
NOI	$71.0k	$13.35

5,320 SF · lease $26.04/SF/yr · vacancy 6.80% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$1.01M

$887.7K – $1.18M (±1% cap)

NOI $71,012 @ 7.0% cap · market cap 6.93%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.49M

$1.30M – $1.73M (±1% cap)

NOI $104,059 @ 7.0% cap · market cap 10.15%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Aurora
County: Arapahoe
State: Colorado
Longitude: -104.86
Latitude: 39.7403

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For sale
Apartment buildings
CO
Aurora
80010
1588 Macon Street

What type of property is this?

Apartment building - Updated 8-unit multifamily property near Anschutz Medical Campus.

Where is this apartment building located?

The property is located at 1588 Macon Street Aurora, CO.

What is the asking price?

The asking price for this property is $1,025,000.

What are key features of this property?

This property features: High‑demand Aurora rental corridor location, less than one mile from Anschutz Medical Campus and UCHealth University of Colorado Hospital.; Updated 8‑unit multifamily property with modern interior finishes.; Strong proximity to a major employment center ensures consistent rental demand and long‑term stability.