12-Unit Apartment
For Sale
$1,375,000
1677 Geneva Street, Aurora, CO 80010
Updated multifamily property with off-street parking, on-site laundry, and a balanced mix of one- and two-bedroom residences.
Property Size9,360 SF
Days on Market34
Property Features for 1677 Geneva Street
General Information
Standard status
Active
Size
9,360 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$11,975
Building Details
Building Size
9,360 SF
Year Built
1964
Listing Agency:
Pinnacle Real Estate Advisors
Listed By:
Quentin Shore · License #100088573
(720) 635-2863
Source:
Eliselosassore
Added: Sep 3
Changed: Sep 28
Last Checked: Oct 5 at 9:53PM
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 Pinnacle Real Estate Advisors
Investment Insights
Based on property information with market context.
Located at 1677 Geneva Street in Aurora, this 12-unit apartment property was built in 1964 and includes six one-bedroom units and six two-bedroom units. Many residences feature refreshed flooring, cabinetry, bathrooms, and interior paint, while the building includes a pitched composite-shingle roof, newer vinyl windows, off-street parking, and coin-operated laundry on site.
The property is positioned one mile from Stanley Marketplace and one mile from the Anschutz Medical Campus. Colfax Avenue retail, dining, and services are also accessible from the property. Walk Score is 55, Bike Score is 68, and Transit Score is 50.
The property is positioned one mile from Stanley Marketplace and one mile from the Anschutz Medical Campus. Colfax Avenue retail, dining, and services are also accessible from the property. Walk Score is 55, Bike Score is 68, and Transit Score is 50.
Key Highlights
- 12 total apartments with 6 one‑bedroom and 6 two‑bedroom units
- 13 off‑street parking spaces
- On‑site coin‑operated laundry facility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,938
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,498,760
$2.5M
Cap Rate 7%
$1,784,829
$1.8M
Cap Rate 9%
$1,388,200
$1.4M
Market Conditions
NOI Build-Up for 9,360 SF
Gross rent
$243.7K $26.04/SF
− Vacancy
−$16.6K −$1.77/SF
EGI
$227.2K $24.27/SF
− OpEx
−$102.2K −$10.92/SF
NOI
$124.9K $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%
$2,498,760
Cap Rate 7%
$1,784,829
Cap Rate 9%
$1,388,200
Alternative Uses
Best Use
Apartment 5plus
$1.78M
$1.56M – $2.08M
NOI $124,938 @ 7.0% cap · market cap 9.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.62M
$2.29M – $3.05M
NOI $183,082 @ 7.0% cap · market cap 13.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,387
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Updated multifamily property with off-street parking, on-site laundry, and a balanced mix of one- and two-bedroom residences.
Where is this apartment building located?
The property is located at 1677 Geneva Street Aurora, CO.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: 12 total apartments with 6 one‑bedroom and 6 two‑bedroom units; 13 off‑street parking spaces; On‑site coin‑operated laundry facility
