12-Unit Apartment
For Sale
Contact for pricing
1695 CLINTON ST, Aurora, CO 80010
Well-maintained 12-unit building with secured hallways, onsite laundry, and covered off-street parking.
Property Size7,740 SF
Price / SF$158.27
Days on Market99
Property Features for 1695 CLINTON ST
General Information
Standard status
Active
Size
7,740 SF
Property subtype
Multifamily
Occupancy
100%
Net Operating Income
$90,556
Additional Details
Multifamily Units
12
Building Details
Year Built
1960
Stories
2
Units
12
Tenancy
Multi
Listing Agency:
Pinnacle Real Estate Advisors
Listed By:
Thomas Graeve · License #CO 100038734
Source:
Crexi
Added: Jun 1
Changed: Aug 25
Last Checked: Sep 7 at 12:54PM
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.
Constructed in 1960, this 12-unit apartment building offers a secured hallway interior layout and onsite laundry facilities for tenant convenience. The property is master-metered for gas, water, and electric. Covered off-street parking is also available, creating an additional amenity for residents.
The building is located at 1695 Clinton St in Aurora, CO 80010, with convenient access to major transportation routes and local workforce employment. Public remarks indicate the property has been 100 percent occupied throughout all of 2025, with some seasonal tenant turnover occurring recently.
For buyers and operators, the master-metered utility setup may support operational flexibility, and the public remarks note that a utility billback program has not been fully implemented. With an established occupancy record during 2025, onsite laundry, secured interior access, and parking as part of the property’s amenities, this multifamily asset may fit well for those seeking a turn-key management profile and practical ways to refine tenant billing practices.
The building is located at 1695 Clinton St in Aurora, CO 80010, with convenient access to major transportation routes and local workforce employment. Public remarks indicate the property has been 100 percent occupied throughout all of 2025, with some seasonal tenant turnover occurring recently.
For buyers and operators, the master-metered utility setup may support operational flexibility, and the public remarks note that a utility billback program has not been fully implemented. With an established occupancy record during 2025, onsite laundry, secured interior access, and parking as part of the property’s amenities, this multifamily asset may fit well for those seeking a turn-key management profile and practical ways to refine tenant billing practices.
Key Highlights
- 12‑unit apartment building built in 1960
- 100% occupied throughout all of 2025, with some recent seasonal tenant turnover
- Master‑metered for gas, water, and electric; utility billback program not fully implemented
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$103,314
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,066,280
$2.1M
Cap Rate 7%
$1,475,914
$1.5M
Cap Rate 9%
$1,147,933
$1.1M
Market Conditions
NOI Build-Up for 7,740 SF
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.
Gross rent
$201.5K $26.04/SF
− Vacancy
−$13.7K −$1.77/SF
EGI
$187.8K $24.27/SF
− OpEx
−$84.5K −$10.92/SF
NOI
$103.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,066,280
Cap Rate 7%
$1,475,914
Cap Rate 9%
$1,147,933
Alternative Uses
Best Use
Apartment 5plus
$1.48M
$1.29M – $1.72M
NOI $103,314 @ 7.0% cap · market cap 8.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.16M
$1.89M – $2.52M
NOI $151,394 @ 7.0% cap · market cap 12.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained 12-unit building with secured hallways, onsite laundry, and covered off-street parking.
Where is this apartment building located?
The property is located at 1695 CLINTON ST Aurora, CO.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: 12‑unit apartment building built in 1960; 100% occupied throughout all of 2025, with some recent seasonal tenant turnover; Master‑metered for gas, water, and electric; utility billback program not fully implemented
