Multifamily Property with
For Sale
$674,900
1612 Alton St, Aurora, CO 80010
Income-producing building with separately metered gas and electric service, an adaptable basement, and established occupancy.
Property Size3,024 SF
Price / SF$223.18
Days on Market51
Property Features for 1612 Alton St
General Information
Standard status
Active
Size
3,024 SF
Property subtype
Investment
Site & Location
Neighborhood
North Aurora
Public Transit
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$4,238
Building Details
Building Size
3,024 SF
Year Built
1955
Listing Agency:
Coldwell Banker Realty 18
Listed By:
Vinh Lam
(303) 653-2889
Source:
Elliman
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 30 at 4:44PM
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 Coldwell Banker Realty 18
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Investment Insights
Based on property information with market context.
This 3,024-square-foot multifamily property, built in 1955, includes an expansive basement with two separate entryways. The basement configuration may support conversion into two independent units, subject to applicable approvals. Gas and electric service are separately metered. Existing tenants have occupied the property for more than five years, providing established occupancy. The property is being sold as-is and requires some TLC, including attention to the siding condition.
Located at 1612 Alton St in Aurora, the property has access to public transit, major thoroughfares, and central Aurora corridors. Walk Score is 55, Transit Score is 50, and Bike Score is 68. Showings are by appointment, and tenants are not to be disturbed.
Located at 1612 Alton St in Aurora, the property has access to public transit, major thoroughfares, and central Aurora corridors. Walk Score is 55, Transit Score is 50, and Bike Score is 68. Showings are by appointment, and tenants are not to be disturbed.
Key Highlights
- 3,024‑square‑foot multifamily property built in 1955
- Expansive basement with two separate entryways
- Basement may be converted into two independent units, subject to applicable approvals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,365
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$807,300
$807.3K
Cap Rate 7%
$576,643
$576.6K
Cap Rate 9%
$448,500
$448.5K
Market Conditions
NOI Build-Up for 3,024 SF
Gross rent
$78.7K $26.04/SF
− Vacancy
−$5.4K −$1.77/SF
EGI
$73.4K $24.27/SF
− OpEx
−$33.0K −$10.92/SF
NOI
$40.4K $13.35/SF
Area
Aurora, CO
Vacancy
6.80%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$807,300
Cap Rate 7%
$576,643
Cap Rate 9%
$448,500
Alternative Uses
Best Use
Apartment 5plus
$576.6K
$504.6K – $672.8K
NOI $40,365 @ 7.0% cap · market cap 5.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$845.0K
$739.4K – $985.8K
NOI $59,149 @ 7.0% cap · market cap 8.76%
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
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,135
Businesses Nearby
Explore this area
Business Placement
Demographics for 80010, CO
42,303
Population
15,394
Households
2.7
Avg Household Size
32
Median Age
19%
College-Educated
73%
High-School Grad
5.1 sq mi
ZIP Area
8,295
Density / Sq Mi
$60,755
Median Household Income
$36,349
Median Earnings
$1,400
Median Rent
$385,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Income-producing building with separately metered gas and electric service, an adaptable basement, and established occupancy.
Where is this multifamily property located?
The property is located at 1612 Alton St Aurora, CO.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: 3,024‑square‑foot multifamily property built in 1955; Expansive basement with two separate entryways; Basement may be converted into two independent units, subject to applicable approvals
