Updated Triplex with Off-Street
16492 E 13th Place Aurora, CO 80011
For Sale
$625,000
Three refreshed 2-bedroom units with off-street parking, plus a new 2025 roof and boiler.
Property Size2,850 SF
Price / SF$219.30
Days on Market81
Property Features for 16492 E 13th Place
General Information
- Standard status
- Active
- Size
- 2,850 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1971
Listing Agency:
Your Castle Real Estate Inc
(303) 981-4571
Listed By:
Amy Cammack · License #40037199
(303) 981-4571
Source:
Exitrealty
Added: May 5
Changed: Jul 23
Last Checked: Jul 24 at 5:52AM
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 Your Castle Real Estate Inc
Investment Insights
Based on property information with market context.
This updated triplex includes three spacious 2-bedroom, 1-bath units. Each unit has been refreshed with newer laminate flooring, updated kitchens with newer appliances, newer windows, and fresh paint. Off-street parking is also included for everyday convenience.
Major capital improvements are already in place, with a new roof (2025) and a new boiler (2025). Two of the units are currently rented, including Unit #16492 through 5/2027 and Unit #16496 with long-term tenancy. Unit #16494 was recently vacated and previously rented. The property is offered for sale as a residential income asset at 16492 E 13th Place, Aurora, CO 80011.
Major capital improvements are already in place, with a new roof (2025) and a new boiler (2025). Two of the units are currently rented, including Unit #16492 through 5/2027 and Unit #16496 with long-term tenancy. Unit #16494 was recently vacated and previously rented. The property is offered for sale as a residential income asset at 16492 E 13th Place, Aurora, CO 80011.
Key Highlights
- Tri‑plex built in 1971 with three 2‑bed, 1‑bath units
- New 2025 roof and new 2025 boiler
- Unit 16492 is rented for $1,550 through 5/2027
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.1k | $20.40 |
| − Vacancy | −$3.8k | −$1.33 |
| EGI | $54.4k | $19.07 |
| − OpEx | −$16.3k | −$5.72 |
| NOI | $38.1k | $13.35 |
2,850 SF · lease $20.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$543.6K
$475.7K – $634.2K
NOI $38,053 @ 7.0% cap · market cap 6.09%
Second Best
Apartment 5plus
$489.0K
$427.9K – $570.5K
NOI $34,229 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$657.3K
$575.2K – $766.9K
NOI $46,013 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three refreshed 2-bedroom units with off-street parking, plus a new 2025 roof and boiler.
Where is this triplex located?
The property is located at 16492 E 13th Place Aurora, CO.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Tri‑plex built in 1971 with three 2‑bed, 1‑bath units; New 2025 roof and new 2025 boiler; Unit 16492 is rented for $1,550 through 5/2027
