5-Unit Apartment
New
For Sale
$765,000
1735 Chester Street, Aurora, CO 80010
A mixed unit configuration includes occupied apartments alongside vacant units available for leasing.
Property Size2,890 SF
Days on Market6
Property Features for 1735 Chester Street
General Information
Standard status
Active
Size
2,890 SF
Property subtype
Quadruplex
Units
Unit Mix
3 x 1BR, 1 x 2BR, 1 x 3BR
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$5,567
Building Details
Building Size
2,890 SF
Year Built
1959
Construction
brick
Listing Agency:
Your Castle Real Estate Inc
Listed By:
Preston Newberry
(303) 726-5023
Source:
Eliselosassore
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 6 at 12:08AM
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.
Built in 1959, the 2,890-square-foot apartment property contains five units: three one-bedroom apartments, one two-bedroom apartment, and one three-bedroom apartment. Three units are occupied and two are vacant. Boiler and plumbing work has been completed, along with updates to select apartments. Interior features vary and include hardwood floors, living areas, kitchens, and single-level layouts.
The brick building has individual exterior entrances. The property is in an Aurora census tract nominated by Colorado for the Opportunity Zone 2.0 program; final designation is subject to U.S. Treasury certification. Buyers should verify the tract’s status and any applicable eligibility independently.
The brick building has individual exterior entrances. The property is in an Aurora census tract nominated by Colorado for the Opportunity Zone 2.0 program; final designation is subject to U.S. Treasury certification. Buyers should verify the tract’s status and any applicable eligibility independently.
Key Highlights
- Five apartments totaling 2,890 square feet
- Unit mix: three one‑bedroom, one two‑bedroom, and one three‑bedroom apartment
- Three units occupied and two vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,576
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$771,520
$771.5K
Cap Rate 7%
$551,086
$551.1K
Cap Rate 9%
$428,622
$428.6K
Market Conditions
NOI Build-Up for 2,890 SF
Gross rent
$75.3K $26.04/SF
− Vacancy
−$5.1K −$1.77/SF
EGI
$70.1K $24.27/SF
− OpEx
−$31.6K −$10.92/SF
NOI
$38.6K $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%
$771,520
Cap Rate 7%
$551,086
Cap Rate 9%
$428,622
Alternative Uses
Best Use
Apartment 5plus
$551.1K
$482.2K – $642.9K
NOI $38,576 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$807.5K
$706.6K – $942.1K
NOI $56,528 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,251
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
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Frequently Asked Questions
What type of property is this?
Apartment building - A mixed unit configuration includes occupied apartments alongside vacant units available for leasing.
Where is this apartment building located?
The property is located at 1735 Chester Street Aurora, CO.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: Five apartments totaling 2,890 square feet; Unit mix: three one‑bedroom, one two‑bedroom, and one three‑bedroom apartment; Three units occupied and two vacant
